MRC Global

Early history

MRC's investors include Guggenheim Partners, AT&T, WPP Group, Goldman Sachs and ABRY Partners. On September 4, 2007, it funded top directors, namely Robert Rodriguez, Ricky Gervais, Walter Salles, Ryan Murphy, Richard Kelly, Bennett Miller and Todd Field, which both spent $250 million in film funding. On December 5, 2007, it inked a pact with Warner Bros. Pictures, in which MRC allowed WB to distribute three of the eight pictures over a $250 million feature production funding.Keith Samples had briefly joined the television division of the studio, which was announced in early 2008. On June 24, 2008, Dawn Parouse, who produced Prison Break, had joined the television division of the studio. On October 22, 2008, Keith Samples had been resigned as president of the Media Rights Capital television division.In 2008, The CW leased its Sunday-night schedule to MRC beginning in the 2008-09 television season. MRC scheduled the reality show In Harm's Way and the dramas Valentine and Easy Money. In November 2008, after all four shows drew poor viewership, The CW announced that it would withdraw from the agreement. The network returned the Sunday timeslots to its affiliates in the 2009–10 season.After acquiring rights to produce a U.S. remake of the BBC miniseries House of Cards, MRC would sell the series to the streaming service Netflix in 2011, where it ran for six seasons as one of its first original series.On February 1, 2018, Eldridge Industries, a holding company owned by former Guggenheim Partners president Todd Boehly, announced that it would contribute its media assets — including The Hollywood Reporter, Dick Clark Productions, and Billboard, and merge them with MRC into a new company known as Valence Media. In October 2018, MRC formed a joint venture with United Talent Agency known as Civic Center Media, which seeks to back projects involving its members via MRC.

2019–2022: Valence Media and PMRC

In December 2019, Valence Media acquired Nielsen Holdings' music data business, with the division being rebranded as MRC Data.In April 2020, it was reported that Valence Media would rebrand under the MRC name. The rebranding was completed in July 2020.On September 23, 2020, it was announced that Penske Media Corporation, owner of The Hollywood Reporter's main competitor Variety, would assume operations of the MRC Media & Info publications under a joint venture with MRC known as PMRC. In turn, MRC will form a second joint venture that will develop content tied to PMRC publications.In September 2021, former E! president Adam Stotsky became the new president of MRC Live & Alternative, replacing the outgoing Amy Thurlow. At this time, Dick Clark Productions was folded into MRC Live & Alternative and discontinued as a brand.

2022–present: Unwinding of the Valence merger

In August 2022, Eldridge agreed with Wiczyk and Satchu to divide MRC's assets, effectively undoing the 2018 Valence Media merger. Eldridge re-acquired the company's live and alternative division, which will resume business as Dick Clark Productions, as well as MRC's share of the PMRC joint venture, Luminate , and investments in studios including A24 and Fulwell 73. The remaining MRC entity, in which Eldridge will retain a minority stake, will retain its scripted film and TV production entity as well as investments in Civic Center Media and T-Street Productions.