RedBird, Sound Ventures form $1 billion AI and media investment partnership
TheWrap’s A.J. Katz reports that Gerry Cardinale’s RedBird Capital Partners and Guy Oseary’s Sound Ventures struck a $1 billion partnership to invest in technology, media and culture companies, pairing RedBird’s investment platform with Sound Ventures’ AI founder network.
Why it matters. RedBird now has a dedicated vehicle to pair its Paramount-WBD and Puck media bets with Sound Ventures’ access to AI startups like OpenAI and Anthropic.
Signal from thewrap.com · A.J. Katz · read the original.
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