Media Rights Capital
Production company behind the Netflix series House of Cards
- Entries
- 6
- On the record
- 1
- Stories
- 1
- Latest entry
- Nov 22, 2021
The record
Media Rights Capital, which now trades as MRC, describes itself as an independent studio founded in 2006 that develops, finances and produces film and television. Its own list of credits includes the series House of Cards, Ozark, The Great, Poker Face and TED, and the films Saltburn, Baby Driver and Knives Out. The legal entity named on its site is MRC II Distribution Company L.P.
House of Cards tied the studio to Kevin Spacey. After allegations against him in late 2017, Netflix said on November 3, 2017 that it would not be involved in any further production that included him, and that it would keep working with MRC during the hiatus. The arbitration and court fight over his exit is told in the story on this file.
The corporate record is a series of combinations. In 2018 MRC was merged with The Hollywood Reporter, Billboard and Dick Clark Productions under Valence Media, led by MRC's Asif Satchu and Modi Wiczyk. Valence took the MRC name in 2020, and in September 2020 handed day-to-day running of The Hollywood Reporter, Billboard and Vibe to Penske Media through a joint venture called PMRC, keeping a content partnership across six titles.
Roles and honours on the record
- 2006 Founded as an independent studio that develops, finances and produces film and television source
- 2018-2020 Combined with The Hollywood Reporter, Billboard and Dick Clark Productions under Valence Media, led by Asif Satchu and Modi Wiczyk source
- 2020- Partner with Penske Media in PMRC, with MRC running the content partnership across six publications source
- as of 2026 Studio behind House of Cards, Ozark, The Great, Poker Face, TED, Saltburn, Baby Driver and Knives Out, per its own site source
Every entry, newest first
- Filed
MRC filed a petition in civil court to confirm the arbitration award against Spacey, Forbes reported. Kevin Spacey ordered to pay House of Cards producer MRC $31M
Stories in this file
The record, entry by entry
- 2006 Official MRC was founded to develop, finance and produce film and television, according to the company's own about page. MRC, company about page
- 2017-11-03 Reported Netflix said it would not be involved with any further production of House of Cards that included Kevin Spacey and would continue to work with MRC during the hiatus to evaluate the show's path forward. MRC issued no separate statement in the report. TVLine report
- 2018 Reported The Hollywood Reporter, Billboard, Adweek, Dick Clark Productions and Mediabistro, spun off to Todd Boehly in 2015, were combined with Media Rights Capital under Valence Media, led by Asif Satchu and Modi Wiczyk, TheWrap reported. TheWrap report
- 2020-04-10 Reported TheWrap reported up to $10 million in cuts at Valence's Hollywood Reporter and Billboard, citing an insider's estimate of losses of about $18 million to $19 million a year. TheWrap report
- 2020-09-23 Reported By then renamed from Valence Media to MRC, the company and Penske Media announced PMRC, a joint venture in which Penske runs The Hollywood Reporter, Billboard and Vibe day to day while MRC runs a content partnership across those titles and Rolling Stone, Variety and Music Business Worldwide. Terms were not disclosed. TheWrap report