Ben Affleck, Matt Damon Set Artists Equity Studio Launch with RedBird Capital Partners

Ben Affleck and Matt Damon are reuniting as business partners with the launch Artists Equity, a production venture backed by RedBird Capital Partners that vows to expand profit participation and provide a “talent-friendly” environment to creatives. Media investor Gerry Cardinale’s RedBird is said to have committed at least $100 million to funding the venture. Affleck will serve as CEO while Damon is chief content officer. Michael Joe, an alum of Universal Pictures and STX Films, has signed on as chief operating officer of the L.A.-based company. “Artists Equity was conceived from Matt’s and my longtime passion for the art of… Read Full Article