Wednesday, November 12, 2008

Agility Studios Launches, Gets Private Equity Backing

Los Angeles-based Agility Studios said Wednesday that the firm has launched a new entertainment studio focused on digital media. According to the firm, it was founded by Scott Ehrlich, Larry Tanz, and Keith Quinn, and will focus on transforming digital media firms into viable businesses. Tanz and Quinn are from LivePlanet, and Ehrlich was formerly at RealNetworks. Agility Studios said that the new company is backed by Mantucket Capital, a private investment firm with over $1B under management. Exact terms and amount of the funding was not disclosed. Agility Studios explained that it will support content creators with infrastructure, including business and creative development, financing, distribution, sponsorship, advertising sales, operations, and other back office support.

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