RedBird Capital and Sound Ventures form $1bn technology and media partnership
Developing story first seen 4 hours ago
RedBird Capital Partners and Sound Ventures have formed a $1 billion investment partnership to back companies at the intersection of technology, media and culture. The firms say the arrangement combines investment capital with strategic support as businesses grow, drawing on their experience in technology, entertainment and company-building.
RedBird, founded by Gerry Cardinale, has invested in Skydance, Artists Equity and MARI; Sound Ventures has backed Anthropic, OpenAI, Spotify and Uber. RedBird will contribute its business-building resources and AI team, while Sound brings founder relationships and marketing expertise. Sound co-founder Guy Oseary will work with RedBird alongside partner Effie Epstein; Ashton Kutcher left the firm earlier this year.
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In short
- RedBird and Sound Ventures have joined forces in a $1 billion partnership.
- The firms will target companies spanning technology, media and culture.
- RedBird’s AI team and Sound’s founder network will support investments.
How this story developed
- 54 minutes ago The latest account adds that RedBird’s AI team, led by Hamid Biglari, will help assess and support portfolio companies, and identifies Guy Oseary and Ashton Kutcher as Sound Ventures’ co-founders.
- 1 hour ago RedBird Capital Partners and Sound Ventures announced a $1 billion partnership to invest in companies spanning technology, media and culture, combining capital with strategic support.
- Variety Gerry Cardinale’s RedBird and Guy Oseary’s Sound Ventures Team on $1 Billion Fund Targeting Tech, Media and Culture Investments
- The Hollywood Reporter RedBird Capital and Sound Ventures form $1bn technology and media partnership
- Deadline Gerry Cardinale’s RedBird Capital, Guy Oseary’s Sound Ventures Set $1 Billion Investment Partnership
Explained simply
RedBird Capital Partners is an investment firm founded by Gerry Cardinale. It has backed businesses in areas including film and entertainment, and offers companies financial and operational support as they grow. Sound Ventures is an investment firm co-founded by Guy Oseary and Ashton Kutcher, with investments in technology and media companies.
The partnership brings together RedBird’s investment and company-building experience with Sound Ventures’ connections to founders and its marketing expertise. Oseary and Sound partner Effie Epstein will work with RedBird; Kutcher left Sound Ventures earlier this year. RedBird’s AI team, led by Hamid Biglari, will also contribute its expertise.
Coverage · 3 sources
- The Hollywood ReporterRedBird Capital and Sound Ventures form $1bn technology and media partnership
- VarietyGerry Cardinale’s RedBird and Guy Oseary’s Sound Ventures Team on $1 Billion Fund Targeting Tech, Media and Culture Investments
- DeadlineGerry Cardinale’s RedBird Capital, Guy Oseary’s Sound Ventures Set $1 Billion Investment Partnership
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Originally published by The Hollywood Reporter as “Gerry Cardinale’s RedBird Capital, Guy Oseary’s Sound Ventures Ink $1 Billion Investment Partnership”.