Veteran music exec and father to superstars Beyoncé and Solange, Mathew Knowles is able to take the subsequent leap in his profession.
After promoting his famed Music World Leisure to funding agency APX Capital Group, the previous Future’s Baby supervisor will now head the corporate’s movie and TV division, chargeable for a $275 million fund for productions between the U.S. and Italy, studies Deadline.
As a part of the take care of the funding fund, Knowles is preparing for his personal biopic à la King Richard, about his function behind the scenes in constructing each his daughters’ stardom and his hand in not solely their solo careers, however Michelle Williams and Kelly Rowland’s as nicely.
The Mathew Knowles Story will reportedly be govt produced by the Knowles patriarch, alongside enterprise capitalists and entrepreneurs Noam Baram, Yona Wiesenthal, and Augusto Pelliccia, amongst others.
APX Capital Group will personal over 10,000 hours of never-before-seen footage, photographs, and music of the Knowles household of their rise to fame, per the outlet.
“The choice to accomplice with APX Capital Group is nicely made and corresponds to Music World Leisure Group’s intent to broaden its movie and tv portfolio,” Knowles said. “By way of this distinctive collaboration and as head of this new division underneath APX I’ll be capable of share the story of my life by combining compelling storytelling with entry to distinctive expertise and music that can each entertain and emphasize a cultural consciousness that’s needed now greater than ever. That is the story of my life, and I’m honored to have the ability to transmit it even additional via this alliance.”
The co-CEO of the actual property funding agency was additionally ecstatic to have Knowles be a part of APX’s board.
“We’re past thrilled to achieve this groundbreaking settlement with Mathew and his group to develop impactful content material instructed via the voice of some of the profitable and insightful entrepreneurs in leisure right now,” stated Wiesenthal.
Knowles will moreover develop, fund, and produce content material that features documentaries, function movies, and scripted sequence. The $275 million movie and TV fund might be run via APX’s Italian subsidiary, MMF International Italia.
