Plum, a small company that is building out TV networks in some of the country's richest neighborhoods, said Thursday that it has raised $20 million in a financing round that included entertainers and former top entertainment executives.
Leading the round were the Kraft Group and the Raptor Fund. Also investing were Ackerly Partners and the Pilot Group, headed by former AOL president Robert Pittman.
Individual investors included singer Jimmy Buffett, former Viacom CEO Tom Freston, NFL Hall of Fame linebacker Nick Buoniconti, Virgin Records chairman and CEO Jason Flom and Island Records and Palm Pictures founder Chris Blackwell.
The fashion industry's Kate and Jack Spade and Starwood Capital Group CEO Barry Sternlicht also invested. Previous investors include film producer Lawrence Gordon and Loews Hotels CEO Jonathan Tisch.
Plum produces TV shows in and about the high-end, resort communities its TV stations serve: Nantucket and Martha Vineyard's in Massachusetts, the Hamptons in New York and Vail, Aspen and Telluride in Colorado.
Leading the round were the Kraft Group and the Raptor Fund. Also investing were Ackerly Partners and the Pilot Group, headed by former AOL president Robert Pittman.
Individual investors included singer Jimmy Buffett, former Viacom CEO Tom Freston, NFL Hall of Fame linebacker Nick Buoniconti, Virgin Records chairman and CEO Jason Flom and Island Records and Palm Pictures founder Chris Blackwell.
The fashion industry's Kate and Jack Spade and Starwood Capital Group CEO Barry Sternlicht also invested. Previous investors include film producer Lawrence Gordon and Loews Hotels CEO Jonathan Tisch.
Plum produces TV shows in and about the high-end, resort communities its TV stations serve: Nantucket and Martha Vineyard's in Massachusetts, the Hamptons in New York and Vail, Aspen and Telluride in Colorado.
- 12/21/2006
- The Hollywood Reporter - Movie News
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