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Raad also joins RedBird Capital Partners as Operating Partner
NEW YORK & ABU DHABI, United Arab Emirates, July 7, 2023 (GLOBE NEWSWIRE) — RedBird Capital Partners (“RedBird”) and International Media Investments (“IMI”) today announced the appointment of Rani Raad as President of RedBird – IMI is a company A joint venture investment platform focusing on the global media, entertainment, sports and news content industries. Mr. Raad also joined RedBird Capital Partners as an Operating Partner.
Mr. Raad joins RedBird-IMI’s leadership team led by Gerry Cardinale, Chief Investment Officer of RedBird-IMI and Founder and Managing Partner of RedBird Capital Partners; and Jeff Zucker, Chief Executive Officer of RedBird-IMI and Operating Partner of RedBird Capital Partners. Mr. Raad will work closely with Mr. Cardinale and Mr. Zucker to oversee business development initiatives and help drive RedBird-IMI’s strategy and investment priorities. He will operate in New York, London and Abu Dhabi.
“Rani has a proven track record of creating value in the media and communications industry, and the experience and leadership skills she brings will help differentiate RedBird-IMI as a strategic investment partner,” said Jeff Zucker. For more than a decade, I greatly appreciate his keen insight into the opportunities to shape and drive the evolution of the media landscape. We look forward to a new chapter of our professional collaboration to capitalize on the transformative opportunities we see globally.”
Commenting on his new role, Raad added: “I am delighted to be joining RedBird-IMI at an inflection point in the global media and entertainment industry. Together with Gerry and Jeff and our partners in Abu Dhabi, we have the global resources, expertise and investment track record to identify, build and manage large content platforms with a rather unique combination of financial and strategic acumen.”
Prior to joining RedBird-IMI, Mr. Raad spent 25 years at Warner Bros. Discovery, Inc. where he held several key leadership positions. Most recently, he served as President of CNN Commercial Worldwide, where he was responsible for all of the company’s commercial operations. Before that, he managed the company’s portfolio of news, children’s and general entertainment networks in Turkey and the MENA region. In addition, he played a leading role in the construction of the company’s international digital advertising platform. Mr. Raad also served as a Middle East consultant during AT&T Inc.’s ownership and helped establish CNN’s operations in the United Arab Emirates. Mr. Raad graduated from the SI Newhouse School of Public Communication at Syracuse University in New York with a BA.
About Redbird Capital Partners
RedBird Capital Partners is a private investment firm focused on building high-growth companies and providing founders and entrepreneurs with strategic capital solutions. Founded in 2014 by Gerry Cardinale, RedBird combines complex private equity investments with practical business-building mandates, focusing on three core industry verticals – media and entertainment, sports and experiential consumer, and financial services. During his 30-year investing career, Cardinal has partnered with founders and entrepreneurs to build some of the most iconic growth companies in their industries. The firm currently manages over $8.6 billion in assets on behalf of global blue chip institutional and family office investors. For more information, visit www.redbirdcap.com.
About International Media Investment
International Media Investments is a private Abu Dhabi-based company with global investments in digital and linear media including The Nation, Sky Arabia News, CNN Business Arabic and The Grid.For more information, please visit www.internationalmediainvestments.com.
Media Contact:
Partner of Redbird Capital
Dan Garnier
Garnier Communications
+1 646 569-5897
RedBird@gagnierfc.com
Melissa Zuckerman
Principal Communications Group
+1 323 658 1555
Melissa@pcommgroup.com
Paddy Haverson
miltown partners
+44 (0) 7793 850094
phaverson@milltownpartners.com
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