It’s business as usual for SpringHill Company. Owner, LeBron James, and his business partner, Maverick Carter, are allegedly seeking investors or buyers to snag the goldmine production company for a possible huge cash out.
The Los Angeles Laker and his longtime friend officially launched the company in 2020 with $100 million in raised capital. Under it’s belt are memorable projects, such as Survivor’s Remorse, Shut Up and Dribble, The Shop, and Self Made: Inspired by the Life of Madam C.J. Walker. Its newest project, Space Jam: A New Legacy, releases July 16, while House Party is currently in pre-production. The unique slate has increased SpringHill’s value, giving the company a whopping $750 million valuation, according the Information.
It has been a buyer’s market throughout the pandemic with Hollywood and big business disrupting the status quo via a number of attention-grabbing mergers and acquisitions. Oprah Winfrey sold her OWN Studios, while Issa Rae executed a total rebranding amid signing a deal with Warner Media. Speaking of Warner Media, the company merged with Discovery, and Amazon bought MGM, along with a host of niche companies.
If there are any interested buyers, it would be Nike, who made a nearly billion dollar deal with James when he turned 18 years old. Nike is said to be in preliminary talks with SpringHill, but details have yet to be confirmed.
