Globalgate Entertainment has formed a strategic and financial alliance with Maum Capital Group (MCG) designed, according to a statement, to help MCG affiliates “harness and expand Korean and global content, filmmakers, and talent on the worldwide stage.”
Under the arrangement, Silicon Valley-based MCG will make a “significant investment” in local-content producer Globalgate and Globalgate executive chairman William Pfeiffer will become CEO of MCG’s affiliates, which include Maum Culture Innovation and Maum Studios.
The companies stated that the arrangement was “complimentary to Globalgate’s 15 consortium partners which include Lionsgate in the US, UK and Lotte in Korea.
MCG chairman Brian Koo stated: “I am thrilled that Globalgate has partnered with me and to have William as our CEO of Maum Culture Innovation. With Brian Koo’s vision and resources, Maum is uniquely positioned to globalize entertainment through a unique combination of the best IP, premier production partners, strategic capital deployment, and new technology. Maum, with Brian Koo’s vision, resources, and unique combination of the most valuable IP, premier production partners and strategic capital deployment, is uniquely positioned for globalization in entertainment.
