RedBird Capital and International Media Investments to form a $1bn joint venture.

RedBird Capital, a private investment firm, and International Media Investments, a private company based in Abu Dhabi that holds media investments, both digital and linear, agreed to form a $1bn joint venture. “The RedBird IMI joint venture has come together at an important time as the media industry continues to evolve in both content creation and distribution to meet the evolving expectations of consumers globally. Partnering with Jeff Zucker and Gerry Cardinale will enable us to bring tremendous operational, investing and financial expertise to make impactful and transformative investments across the media, entertainment and sports landscapes,” Nart Bouran, IMI CEO.