Latest in Modi Wiczyk

UPDATED with memo from MRC leaders: Eldridge and MRC said today that they have completed the separation of combined media assets. MRC, led by founders and co-CEOs Modi Wiczyk and Asif Satchu, will retain and control its existing operations as the leading independent studio, with three divisions: Film, Television and…

Tough news Thursday as PMRC, the recently announced joint venture between Deadline parent company PMC and MRC, will lay off around 50 of the 250 employees who are coming over from Billboard, The Hollywood Reporter and Vibe. I got from a THR source a copy of an internal email sent out this morning by MRC co-CEOs Modi Wi…

EXCLUSIVE: Here in Toronto for the Saturday premier of Knives Out, writer/director Rian Johnson and producer Ram Bergman have launched T-Street, an entrepreneurial new company that will generate original content for film and TV shows. The venture is fully capitalized by global media company Valence Media, and longtime…

The long-rumored linkup of Media Rights Capital with Dick Clark Productions and Billboard-Hollywood Reporter Media Group has been made official, and MRC founders Asif Satchu and Modi Wiczyk have been named co-CEOs, with Todd Boehly serving as chairman. MRC has been behind films including The Dark Tower and Baby…

EXCLUSIVE: After yet another Hollywood sequel/remake opened to a collective yawn from reviewers and restless audiences, is there room for a little risk taking in this summer sequel season? The 10-year-old financing/producing concern Media Rights Capital is heavily invested in the affirmative. Twice this summer, it…