NEW YORK (CelebrityAccess MediaWire) — Metropolitan Talent, Inc., has entered into a strategic partnership with Plainfield Asset Management LLC of Greenwich, CT, and will become a minority partner in the full-service entertainment company, which includes Hybrid Recordings, Metropolitan Talent Presents, artist management, theater and television production. Plainfield has approximately $2 billion under management.
“Having a strong financial partner like Plainfield will give us the ability to continue to grow our existing businesses and explore new and exciting opportunities in the entertainment industry," said co-CEO John Scher. "Our new partner not only brings financial clout, but experience in areas such as technology and music publishing which complement our evolving strategy.”
“This partnership provides Metropolitan with access to the capital necessary to make our vision a reality” said co-CEO Al Cafaro. — Jane Cohen and Bob Grossweiner
