Report

RedBird and Sound Ventures agree to invest up to $1 billion in tech, media and culture

Variety reports RedBird X, RedBird’s AI investment and incubation platform, will contribute expertise to the partnership.

3 Sources, 7h ago, first seen 7h ago

TLDR

Variety reports RedBird Capital Partners and Sound Ventures announced a pact to jointly invest up to $1 billion in emerging platforms spanning technology, media and culture. RedBird will bring in RedBird X, its AI investment and incubation platform; a RedBird executive says its team will help with due diligence and portfolio support.

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3 Sources, first seen 7h ago