Big Media is having its “Napster moment,” says Sherrese Clarke Soares, founder and CEO of Newark, N.J.-based investment firm HarbourView Equity, to explain why she’s motivated to invest in media at a time when the industry’s largest companies are struggling mightily with the transition to streaming.
“In the industrialized revolution, we’re going from horse and buggy into motorized cars,” Clarke Soares says on the latest episode of PvNew‘s “Strictly Business” podcast.
Clarke Soares explains why she sees a right-sizing of the business underway as well as a dawning appreciation for the value of engagement versus mass appeal in entertainment. The business models and business structures that have defined Hollywood have to change in the coming years. That’s why she made an investment last year in Charles D. King’s Macro entertainment group. In April, HarbourView took an undisclosed stake in Los Angeles-based Mucho Mas Media, producer of the indie inspirational golf drama “The Long Game” starring Jay Hernandez and Dennis Quaid.
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