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Kevin Hart has taken over as CEO of his production company, HARTBEAT, marking the third leadership change in less than two years. According to Bloomberg, Hart stepped in just before Thanksgiving 2024 following a series of layoffs that impacted around 20 employees, nearly one-quarter of the company’s workforce. Shortly after the layoffs, CEO Jay Levine, Chief Financial Officer DJ Jacobs, and Chief Content Officer Brandon Smiley departed amicably due to disagreements about the company’s direction. HARTBEAT is a global, multi-platform media company dedicated to creating entertainment that blends comedy and culture. The company produces films, TV shows, audio series, and branded content. Founded in 2009, Hart merged his two high-growth, profitable companies, Laugh Out Loud and HartBeat Productions, to form the current entity in 2022, per a press release. HARTBEAT was launched with a $100 million investment from the private equity firm Abry Partners, which took a minority stake in the...
Kevin Hart is giving credit to film producer Will Packer for his position in business and his career. Where It All Started The comedian turned actor first met Packer in 2007 at the Los Angeles airport, according to the Chicago Sun Times. Hart remained on Packer’s radar, and he eventually called the actor to work on their first movie together, “Think Like A Man.” At the time, Hart was booking mostly cameos which included “Scary Movie 3” (2003), “Soul Plane” (2004), and “The 40-Year-Old Virgin” (2005). Learning Packer Was “The Real Deal” While On Set When it came to landing more screen time, Hart had become accustomed to empty promises. Landing the gig and working with Packer was all the proof Hart needed to ensure the Will Packer Productions founder was “the real deal.” “When I first met Packer and ‘Think Like A Man’ was [brought] up, he came to me first and said, ‘Listen man, I’m going to make this movie happen, but I’m not going to go forward and pursue, if I don’t know that I have...
Lizzo’s latest business venture has led her to the billion-dollar fitness industry. In a funding round said to be around $200 million for rowing startup Hydrow, the pop star is listed as an investor, CNBC reports. Singer Justin Timberlake was also included in the round. As more gyms reopen and people continue to return, Hydrow aims to remain as a top contender for at-home fitness. According to CNBC, partial funding will go toward ensuring the company can “meet the anticipated demand this holiday season.” “This puts us in the same category as the other leaders in the fitness industry,” Founder and Chief Executive Bruce Smith said. “Until now, we might have been a little bit under the radar because people thought of us as a smaller company. But we’re actually very ambitious.” Hydrow offers on-demand rowing classes and other fitness classes including pilates and yoga. As the at-home fitness rivalry rises, the startup looks to capitalize on its individuality. It also notes its user base...
Kevin Hart has officially inked a film deal with streaming giant Netflix. The comedian-turned-actor-turned-producer inked a first-look film production deal with the streamer under his HartBeat Productions banner, and is kicking off the new partnership with four Netflix-exclusive films which he will star in and produce, Shadow and Act reports. Hart expressed his excitement for the new deal in a statement, stating that “partnering with Netflix is an amazing opportunity for HartBeat and myself.” “I am excited to act in and produce cutting edge films with Netflix. I am extremely grateful to Ted Sarandos and Scott Stuber, we share the same creative vision and always put the audience first,” he continued. “This business is about growth and my HartBeat team continues to exceed my expectations with their ability to develop stories and relationships. Our goal is to make the HartBeat name synonymous with first-class entertainment and narratives.” Scott Stuber — head of original films at...
Philidelphia comedian Kevin Hart once worked as a shoe salesman making minimum wage while hustling to make his stand-up comedy dreams come true. Fast forward to 2017 and Forbes reported that Hart became the highest-paid comedian in the world with an insane net worth and racking in a whopping $32.5 million that year. Looking back at Hart’s journey to his now $200 million net worth may appear to be a gradual rise to success but, taking a closer look, it was one with many ups and downs. Before the buzz, he garnered from his comedy tours, including “I’m a Grown Little Man” and “Seriously Funny,” Hart had cameos in movies like “ Soul Plane” and “ Scary Movie 3.” According to The Philadelphia Tribune , his 2011 stand-up special “Laugh at My Pain,” earned more than $15 million in ticket sales. Viral clips of the special also helped grow his social media following and solidify his place as one of the world’s most successful comedians. Hart also became a hit in Hollywood, starring in...