Globalgate Entertainment has formed a strategic and financial alliance with Maum Capital Group (MCG) designed, according to a statement, to help MCG affiliates “harness and expand Korean and global content, filmmakers, and talent on the worldwide stage.”
Under the arrangement, Silicon Valley-based MCG will make a “significant investment” in local-content producer Globalgate and Globalgate executive chairman William Pfeiffer will become CEO of MCG’s affiliates, which include Maum Culture Innovation and Maum Studios.
The companies said the arrangement is “complimentary” to Globalgate’s network of 15 consortium partners, which include Lionsgate in the US and UK and Lotte in Korea.
MCG chairman Brian Koo commented: “I am thrilled to be allied with Globalgate and further to have William lead the grand vision as the CEO of Maum Culture Innovation. As Maum will be serving as the most powerful platform creator powered by web 3.0 technologies with numerous valuable IPs that we are creating, William’s proven leadership and experience in leading world-class companies, combined with Globalgate’s world-class team and consortium partners, bring us even closer to building the definitive global major studio.”
Pfeiffer added: “Throughout my career, I have been working to globalise the content business by creating films, series, and TV channels overseas with worldwide popularity while at the same time bringing international content to the US and the rest of the world. With Brian Koo’s vision and resources, Maum is uniquely positioned to globalise entertainment through a unique combination of the best IP, premier production partners, strategic capital deployment, and new technology.”
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