Adaptive Studios Inc, an entertainment studio that creates premium content for emerging and traditional platforms located in Culver City, has raised $16.5 million in Series B funding, the company announced on Feb.15.
Investors include New York-based AMC Networks Inc., parent company of AMC, BBC America, WE tv, SundanceTV, IFC, and IFC Films, and Atwater Capital, a privately held commercial real estate management firm with offices in Chicago, Miami, and Dallas.
Adaptive, founded in 2012 by Chief Executive Perrin Chiles, TJ Barrack and Marc Joubert, said in a statement that the new investments would allow the studio to continue its development of high-quality content for distribution across traditional and digital platforms.
“With our growing library of diverse IP, we could not ask for better investors than to help expand our business and secure new partnerships,” Chiles said in the statement.
“AMC Networks view this investment as a key component as we expand our expertise beyond premium long-form scripted television into developing and producing short-form and other types of content for all platforms,” AMC Networks Chief Operating Officer Ed Carroll said in the statement.
Media and entertainment reporter Diane Haithman can be reached at firstname.lastname@example.org. Follow her on Twitter @dhaithman.
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