GLOBAL LOCAL-LANGUAGE PRODUCTION FINANCIER
LIBRARY PICTURES INTERNATIONAL
LAUNCHES IN CANNES

Company Announces Slate Deals With Select Production
and Distribution Entities Around The World

CANNES/LOS ANGELES (MAY 20, 2019) – A consortium of investors led by media investment firm Atwater Capital and a newly formed Germany-based media company established by KKR, have formed Library Pictures International (“Library”), an innovative content financing entity to support industry-leading filmmakers and distributors across the globe by investing in local production slates. As part of the entity’s strategic entry into global markets, Library has signed multi-year slate financing deals with several prominent international production and distribution entities. The company will leverage the continued growth of local-language films, which are fueling total box office revenue in key territories, and amplify opportunities for global media companies looking to foreign markets to accelerate subscriber growth.

CAA’s Media Finance and Global Client Strategy groups architected the financing entity and negotiated the slate deals with the initial phase of international partners, which include RSVP Productions (India) and Sun Distribution (Latin America and Spain). Evolution Media Capital served as sole financial advisor.

David Taghioff, who previously served as co-head of CAA’s Global Client Strategy group, will lead and operate Library from its Los Angeles headquarters.

“At Library Pictures, we believe that talent is everywhere. There are exceptional artists to be discovered in emerging, local-language markets all over the world,” said Taghioff of Library. “Our funding model is designed as a commercial way to support these local-language artists and companies, bringing a greater diversity of stories to the screen.”

Through this network of local content creators and distributors, Library will leverage each partner’s established marketing and distribution infrastructure, creating a global studio model. The company will expand strategically into other growth markets where local-language content constitutes impressive market share.

“We at Atwater are honored to be working with such accomplished partners as Sun and RSVP in our joint vision to support some of the most talented creators around the world to produce locally-relevant content, and we’re thankful to CAA who were instrumental in the vision behind Library,” said Vania Schlogel, Managing Partner, Atwater Capital.

“We are strong believers in independent local production and talent, combined with leading distribution capabilities. This is our DNA and what we are building in Germany, said Fred Kogel, CEO of KKR’s new media company. “We are excited to be part of Library and team with Atwater and the selected local partners to further pursue this objective in fast-growing international markets.”

Locally-produced films represent 40-90% of total box office grosses in markets experiencing strong growth, including India, Latin America and Spain. Capitalizing on the strength of these markets, Library will support and fund content slates, in conjunction with the partner companies, that reflect the unique tastes of local audiences and back the next generation of creators, providing a springboard for new and diverse voices to the world stage.

Additional details regarding the first wave of partner companies follow below:

INDIA

LATIN AMERICA AND SPAIN

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ABOUT ATWATER CAPITAL

Focused exclusively on the Media and Entertainment sectors, Atwater Capital was founded with the vision of uniting the valuable creative aspects of evaluating investments and growing companies with deep operational and financial expertise under one roof and one team. Going against the status quo of traditionally segregating these critical activities, Atwater seeks to extract the synergies of applying quantitative rigor to creative strategy on behalf of its portfolio companies and stakeholders. With offices in Los Angeles and Seoul, Atwater connects leading operators across key trend-setting geographies. For additional information about Atwater Capital, LLC, please visit www.atwater-capital.com and on Instagram at @atwatercapital.

ABOUT KKR-LED INDEPENDENT CONTENT PLATFORM

KKR is establishing a leading independent audio-visual content platform that covers all parts of the value chain in the TV and film industry. With the acquisitions of TMG, Universum, I&U and W&B Film, KKR has completed the first stage of the company development together with Fred Kogel, who leads the new company as CEO. KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate and credit, with strategic partners that manage hedge funds. KKR aims to generate attractive investment returns for its fund investors by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies. KKR invests its own capital alongside the capital it manages for fund investors and provides financing solutions and investment opportunities through its capital markets business. References to KKR's investments may include the activities of its sponsored funds. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR's website at www.kkr.com and on Twitter @KKR_Co.