Practice/Industry Group Overview
As financial opportunities in the entertainment industry continue to grow and expand, the nature of these transactions is becoming increasingly more sophisticated and complex. In order to address these challenges, Loeb & Loeb's Corporate Media and Entertainment Group has assembled one of the largest and most diverse teams of attorneys to meet our clients' needs. We handle more motion picture, television and music industry-related acquisitions, capital raises and financing transactions than almost any other law firm, representing venture capital funds, hedge funds and private equity funds, financial institutions, motion picture and television producers and distributors, film funds, record companies, music publishers, advertising agencies, senior executives, completion guarantors, and "high net worth" individuals from around the world.
Our capabilities are diverse, and we bring an in-depth knowledge of the corporate, securities, media, entertainment, technology and finance industries to our work, which includes debt and equity financings, mergers and acquisitions, complex commercial transactions, assistance in raising capital, and executive employment agreements. We also assist our clients in:
- project financing options
- insurance-backed financing transactions
- complex multi-distributor "split-rights" and "gap" financings
- negative pick-up transactions
- receivables-based and asset-based lines of credit and term-credit facilities
- equity investments, foreign co-financing, and foreign tax-shelters
- government programs
- independent, joint venture and/or distributor-financed record labels and publishers
- restructuring, reorganization and insolvencies of entertainment companies
We also have extensive experience in film and television distribution. This experience, paired with our technology and telecommunications strengths, allowed us to be at the forefront as the Internet and digital media became fully integrated in the entertainment industry. We structured and negotiated some of the earliest agreements for ring tones, digital downloading, digital content, aggregations, P2P distribution and web-casting. Today we continue to be leaders, and are constantly developing agreements and joint ventures that include a multitude of distribution outlets.
In addition to building a team of more than 75 lawyers, we bring an unusual combination of talent. For nearly 100 years, Loeb & Loeb has been entrenched not only in the entertainment industry, but also in the worlds of corporate finance, as well as public and private securities and capital markets. We have also built a complementary, in-depth technology and telecommunications component. This dynamic experience makes our group different from most other law firms and enables us to give our clients the added value of knowing the industry inside and out.
In the last few years, we have been involved in numerous transactions and deals in motion picture, television and music industry-related acquisitions and equity and debt financings.
Clients and Industries
We represent most of the financial institutions involved in project finance and corporate lending in the entertainment industry, as well as venture capitalists and private equity funds. We also represent borrowers from the motion picture, television, music and new media production and distribution industries, as well as individual producers and entrepreneurs.
Leadership in Law
Members of our corporate media and entertainment group recently received high praise in the 2008 edition of the Chambers USA Guide to America's Leading Business Lawyers. Chambers ranks lawyers and law practices through interviews with clients and competitors. Loeb & Loeb's Transactional Media and Entertainment practice rose to a top band ranking this year with five partners being individually recognized for their achievements in this practice. As quoted by Chambers, " 'Unquestionably a key player in the market,' this firm's stable of first-class attorneys has 'an excellent appreciation of what can and can't be done in the entertainment sphere.' "
Members of our group are actively involved in the corporate finance, entertainment and technology industries. We speak frequently at events such as the Billboard Music & Money Symposium, Dow Jones' and The Nielsen Company's Media and Money Conference, Paul Kagan's annual Motion Picture Production & Finance Conference, the UCLA Entertainment Symposium, Private Equity Roundtable, the IMAGINA Conference and the Music and Motion Picture Revenues & Royalties Securitization Conference. We also write numerous articles for publications such as American Banker, Bankers Monthly and Banking and Lending Institution Forums.
Michael (Mickey) A. Mayerson
David S. Schaefer
Harold A. Flegelman