O’Melveny Advises Alibaba on Investment in NewTVAugust 07, 2018
FOR IMMEDIATE RELEASE
CENTURY CITY—August 7, 2018—O’Melveny advised Alibaba Group on its recent investment in NewTV, a mobile entertainment startup launched by former Disney and Dreamworks executive Jeffrey Katzenberg.
NewTV, led jointly by Katzenberg and former eBay CEO Meg Whitman, will acquire and produce short-form premium content, which will be available to mobile-device users via subscription.
The O’Melveny team was led by Matthew Erramouspe, co-chair of the Entertainment, Sports & Media practice, and included partner Sean Monroe, counsel Evie Whiting, and associate Cliff Wen, all based in the firm’s Century City office.
Erramouspe and Monroe have previously advised Alibaba in strategic transactions with US companies focusing on the creation and exploitation of motion pictures, television programming, and other content. Additionally, O’Melveny has in the past acted as counsel to Chinese and other overseas companies in a number of cross-border deals across industries.
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