Eric Schmidt’s TomorrowVentures Invests in Relativity Media

BEVERLY HILLS: Relativity Media has received an investment from Eric Schmidt’s TomorrowVentures, the managing partner of which, Court Coursey, will serve as the company’s chief investment and strategy officer.

Coursey will remain managing partner of TomorrowVentures, overseeing its current portfolio and future investments. At Relativity, will report directly to Chairman and CEO Ryan Kavanaugh and will work to pursue and drive new business opportunities and partnerships across Relativity’s content businesses, including film, television, sports, digital and music.

TomorrowVentures has a portfolio of more than 100 direct investments. It is the investment vehicle of Eric Schmidt, the chairman of Google/Alphabet.

Kavanaugh said, “Court is a proven business leader and entrepreneur with deep knowledge of the forces shaping media, technology and entertainment. I’m thrilled to welcome him to Relativity as we prepare for the next chapter in our evolution as a 360-degree content engine.”

Coursey added, “Relativity and Ryan have pioneered a powerful new model at a time when the content business is being revolutionized by technology and changing consumer behavior. I look forward to helping Relativity continue to pursue its vision for a new kind of media and content company.”