Management 360 announced on Wednesday that it’s partnering with Media Rights Capital in an effort to transform its TV production arm into a new independent studio.
The plan is to turn the Entertainment 360 division into fully capitalized and independently staffed studio, which will originate, acquire, package, sell, produce and finance original content for distribution on all platforms, the company said in a release.
“Joining forces with MRC on Entertainment 360 is the next evolution of our mission to create extraordinary opportunities for artists,” Management 360 partners said in a statement. “MRC’s impeccable taste, depth of infrastructure, and resources to expand our production capabilities make them the ideal partner for a new evolution of a studio purpose-built for the current media landscape.”
MRC is the studio responsible for “House of Cards,” “Ozark” and “Counterpart.”
With the expertise of MRC, Entertainment 360 plans to produce and finance both scripted and unscripted programming, and maximize the diverse capabilities of the MRC platform in order to create new opportunities for its clients.
“360’s track record speaks for itself, having expertly guided the careers of writers, directors, producers and actors for fifteen plus years, and packaging and producing award winning and commercially successful film and television projects under the Entertainment 360 label. We are thrilled to partner in this new collaboration,” MRC said in a statement.
The first project under the new partnership will come from Margot Robbie’s production banner LuckyChap. The project will be a premium one-hour series for Amazon base on the bestselling young adult novel “Nowhere Girls” by Amy Reed.
Management 360 clients Kieran and Michele Mulroney will executive produce alongside Robbie. Catherine Hardwicke (“Twilight”) will direct.
The Hollywood Reporter first reported the news.