July 26, 2023
New York, NY (July 26, 2023) – EFA Partners, a boutique financial advisory firm that arranges capital and provides strategic consulting services for entertainment and media companies, announced today that it served as the financial and investment advisor to MetaMedia Tech for the company’s significant investment from Dimensional Associates, a private equity firm led by media and technology industry veterans Danny Stein and Joe Samberg. As part of the investment, Danny Stein, the CEO of Dimensional, has joined MetaMedia in the role of Executive Chairman. Jason Brenek and other members of MetaMedia executive management will continue with the company. With this investment, MetaMedia is well-positioned to execute on agreements with existing clients and expand the business through a strong pipeline of potential new clients in North America and internationally.
Founded in 2018, MetaMedia's platform creates a managed, last-mile broadband connection for cinemas that reduces delivery times and removes hundreds of millions in expenses for cinema owners and studios. The platform provides material and measurable environmental benefits over the traditional methods of delivery, while providing best-in-class intellectual property protection. MetaMedia's platform is even more cost-effective for smaller, targeted film releases or platform releases from independent or international film studios. In 2022, MetaMedia delivered more than 350 films to cinemas across its network, allowing content producers and cinemas to save millions of dollars.
“Kenny Favre and the EFA team were instrumental in our company securing this investment from Dimensional,” said Jason Brenek, founder and CEO of MetaMedia. “They worked very closely with our executive team as well as with our existing creditors, shareholders and vendors as we solicited and evaluated various investment alternatives. During this process, they introduced us to Danny Stein and Joe Samberg as potential investors in our business which culminated in the successful investment. We now have a strong balance sheet and we’re excited to expand the business.”
EFA’s principals have over 50 years of collective experience in providing financing solutions for companies in the film and media sectors. They have deep relationships across the industry and also with providers of capital for the industry. For MetaMedia, the EFA team assisted with many financial aspects of the business by working with company management and with the company’s key stakeholders. In addition, their deep relationships in the industry allowed them to introduce potential investors which included the principals of Dimensional.
“Having known Danny, Jason, and the MetaMedia team for many years, we understand that their digital content distribution platform is the next generation for a more streamlined and efficient method to deliver content to movie theaters and other entertainment venues,” said Kenny Favre, Managing Partner and a founding principal of EFA Partners. “The company is now well-capitalized to execute on its growth plans and we look forward to seeing their distribution platform expand in the U.S. and worldwide.”
About EFA Partners
EFA Partners is a boutique financial advisory firm with offices in New York and Atlanta focused on entertainment, media, and technology companies. It provides investment banking services focused on arranging growth capital, mergers and acquisitions, and financial consulting. In media and technology, EFA focuses on companies in film/television post-production, film/television distribution, communications services, recorded music, music publishing, and others. In entertainment, its targeted sectors include movie theaters, family entertainment centers, theme parks, water parks, concert venues, hotels, casinos, sports, and others. Since its inception in 2009, EFA has been retained by nearly 200 clients, has arranged over $1.6 billion of capital, and has advised on over $3.6 billion of additional capital.
MetaMedia is the first global cloud-based entertainment platform that delivers movies, premium content and live events to cinemas and other venues around the world. MetaMedia's global cloud-based platform provides for the secure, rapid, targeted and cost-effective delivery of big-screen premium entertainment to cinemas, drive-ins, arenas, and other commercial venues. MetaMedia is headquartered in Los Angeles.