Deals
James Murdoch’s Fund Leads Group Buying Control of Tribeca Film Festival
- Madison Square Garden sells stake to focus on Vegas venue
- New owners plan to expand company under existing management
Robert De Niro and Jane Rosenthal at the 2019 Tribeca Film Festival.
Photographer: Theo Wargo/Getty Images North AmericaJames Murdoch is getting into business with Robert De Niro to help the owner of the storied Tribeca Film Festival expand.
Murdoch’s Lupa Systems led a consortium to acquire a controlling stake in Tribeca Enterprises, the companies said in a joint statement. Lupa and Attention Capital, co-founded by former Fox executive Joe Marchese, will partner with Tribeca’s management to expand the business they’re buying from investors including Madison Square Garden Co. and festival co-founder Craig Hatkoff.