Tom McGrath (media executive)

Tom McGrath (born 1956) is an American media executive and the chief executive officer and chairman of the private equity buyout vehicle, Crossroads Media. He was formerly the chief operating officer of STX Entertainment; the chairman of Key Brand Entertainment, a producer and distributor of live theatre in the United States and parent of website Broadway.com; president and COO of Act III Communications; and executive vice president and COO of Viacom Entertainment Group. He is a seven-time Tony Award-winning producer,[1] a member of the National Recording Academy and a Board member of the International Television Academy. He also serves as a Trustee of The New England Conservatory of Music[2] and the American Repertory Theater at Harvard[3]

Tom McGrath
B&W Head Shot.jpg
BornThomas Berard McGrath
1956 (age 63–64)
Washington, DC
OccupationCEO and chairman, Crossroads Media
ResidenceLos Angeles, CA
NationalityAmerican
EducationHarvard University
Notable awardsTony Award, Drama Desk Award, Olivier Award
Years active1980-present
Website
www.stxentertainment.com

Early life and educationEdit

McGrath was born and raised in Washington, DC.[4] He received his B.A. from Harvard University in 1976, where he was music director of the Hasty Pudding Theatricals and conductor of the Harvard Band. He earned his M.B.A. from Harvard Business School in 1980.[5][6] While at business school, he wrote a thesis on the potential of home video distribution for film distribution.[7]

CareerEdit

ColumbiaEdit

McGrath began his career in entertainment at Columbia Pictures Industries in 1980, where he ultimately became senior vice president of corporate development for the Coca-Cola Company's entertainment group after Coca-Cola acquired Columbia in 1982. While at Columbia he helped establish RCA Columbia Home Video, and engineered the creation of TriStar Pictures in the 1980s by joining Columbia, HBO and CBS. He led the acquisitions of Embassy Communications from TV producer Norman Lear and Merv Griffin productions, producers of Wheel of Fortune and Jeopardy!.[8][9]

Act IIIEdit

After two years as senior vice president,[10] McGrath was named president and COO of Norman Lear's entertainment company Act III Communications in December 1987,[11] serving in that role until 1990.[7] While at Act III he helped grow its broadcast, publishing and exhibition operations, and worked on television station acquisitions and the financing of films including Stand By Me, The Princess Bride and Fried Green Tomatoes.[9]

Time WarnerEdit

In the 1990s, McGrath was named President, International of Time Warner International Broadcasting.[8] At Time Warner he created Classic FM, a national radio network in the UK; n-tv a German-language national cable news channel; and VIVA a national German music video channel.[12]

ViacomEdit

McGrath led Viacom's acquisition of Paramount Pictures in the 1990s.[8] He joined Viacom in 1994 as executive vice president and chief operating officer of the Viacom Entertainment Group. In February 2002, McGrath was named president of Paramount Enterprises, Viacom's newly formed division for non-studio entertainment properties, including Paramount Parks, Canadian cinema chain Famous Players, and United Cinemas International.[13][14] He remained executive vice president and chief operating officer of Viacom Entertainment Group, roles he assumed in 1994[8][9][13] and held until 2004.[7] While at Viacom, McGrath was involved in the adaptation of several Paramount films into musicals, including White Christmas, Footloose and Saturday Night Fever.[15]

Key Brand EntertainmentEdit

From 2008 to 2013, McGrath served as chairman of Key Brand Entertainment, a producer and distributor of live theater, later renamed John Gore Organization.[5][16] McGrath led the company's acquisition of Live Nation's theater division in 2008, including theater website Broadway.com and its group ticket sales division Theatre Direct and promoting and producing organization Broadway Across America.[8][16][17] Through Broadway Across America, McGrath produced several Broadway shows, including the revivals of Promises, Promises in 2009,[18] Hair in 2009,[19] and How to Succeed in Business Without Really Trying in 2011.[20] In 2013, McGrath joined with Broadway producer Kevin McCollum and film producer John Davis on a development deal with 20th Century Fox, in which they would identify properties from the Fox film library for adaptation into theater productions.[15] Initial projects include Mrs. Doubtfire and The Devil Wears Prada.[21]

McGrath has received seven Tony Awards.[22]

Crossroads MediaEdit

McGrath is the chief executive officer and chairman of Crossroads Media,[23][24] a private equity firm that acquires music publishing catalogues.[25] Working with Spectrum Equity Investors, he led the acquisitions of independent music publishing companies Bug Music in 2006[23][26][27] and Windswept Holdings in 2007.[25] McGrath served as chairman of Bug Music[24] through its sale to BMG in 2011.[23]

STX EntertainmentEdit

McGrath was the chief operating officer of media company STX Entertainment from its formation in 2014 until May 2019.[28][29] The company specializes in financing, developing, producing, marketing and distributing medium budget star-driven films.[30] STX has produced and distributed such films as The Gift, Bad Moms, The Edge of Seventeen, The Foreigner, and Molly's Game.

In April 2018 STX filed for an initial public offering on the Hong Kong Stock Exchange.[31] This was originally reported in 2017 with an estimated market value as high as $3.5bn±. [32][33]

ReferencesEdit

  1. ^ Internet Broadway Database
  2. ^ NEC Board of Trustees
  3. ^ A.R.T. Board of Trustees
  4. ^ Thomas B. McGrath Broadway and Theatre Credits, Broadway World. Accessed February 14, 2018.
  5. ^ a b Craig Lambert, "The Future of Theater," Harvard Magazine, January–February 2012.
  6. ^ Tom McGrath bio, Crossroads Live. Accessed February 14, 2018.
  7. ^ a b c Michael Wolff, "Executive at the Gate," Vanity Fair, December 2004.
  8. ^ a b c d e Hilary Potkewitz, "Media mogul builds a Broadway empire," Crain's New York Business, December 30, 2009.
  9. ^ a b c "Tom McGrath Named President of Paramount Enterprises," thefreelibrary.com, 2002.
  10. ^ "Los Angeles County," Los Angeles Times, December 12, 1987.
  11. ^ "Executive Changes," New York Times, December 14, 1987.
  12. ^ Hans-Jürgen Jakobs (10 January 2005). "Der V-Faktor". Süddeutsche Zeitung. Retrieved 26 April 2012.
  13. ^ a b Justin Oppelaar, "McGrath has Enterprises," Variety, February 19, 2002.
  14. ^ Erica Copulsky, "Billion $ Ride – Former Viacom Exec Bids for Paramount Parks," New York Post, February 25, 2005.
  15. ^ a b David Rooney, "Kevin McCollum, John Davis and Tom McGrath Pact With Fox on Theatrical Joint Venture," The Hollywood Reporter, July 11, 2013.
  16. ^ a b Gordon Cox, "Live Nation sells off theater division," Variety, January 24, 2008.
  17. ^ Campbell Robertson, "Live Nation Finds a Buyer for Its Theater Business," New York Times, January 25, 2008.
  18. ^ Dave Itzkoff, "'Promises, Promises' Gets Its First Broadway Revival," New York Times, October 26, 2009.
  19. ^ Dave Itzkoff, "'Hair' Extends From Broadway to London," New York Times, November 17, 2009.
  20. ^ Dave Itzkoff, "Daniel Radcliffe to Star in 'How to Succeed' Revival on Broadway," New York Times, April 15, 2010.
  21. ^ Gordon Cox, "Fox Stage Prods. Shores Up Executive Suite as Studios Storm Stage," Variety, July 28, 2015.
  22. ^ Thomas B. McGrath, IBDB. Accessed February 14, 2018.
  23. ^ a b c David Lieberman, "BMG Continues Music Publishing Spree With Bug Music," Deadline Hollywood, September 12, 2011.
  24. ^ a b Ayala Ben-Yehuda, "Bug Music Secures $200M Credit Line," Billboard, September 17, 2008.
  25. ^ a b "Crossroads, Bug Sweep Up Windswept," Billboard, May 30, 2007.
  26. ^ Ed Christman, "Bug Music For Sale Again," The Hollywood Reporter, July 20, 2011.
  27. ^ Michael Wolff, "Serious Money," Vanity Fair, May 2007.
  28. ^ "Robert Simonds, Gigi Pritzker Pact with TPG, China's Hony Capital on Production Venture," Variety, March 10, 2014.
  29. ^ Michael J. de la Merced, "New Movie Studio Is Formed, With China and Self-Distribution in Mind," New York Times, March 10, 2014.
  30. ^ Brent Lang, "STX Entertainment Chief Says Huayi Deal 'Supercharges Our Business Plan'," Variety, April 1, 2015.
  31. ^ David Ng, "STX Entertainment files for planned IPO in Hong Kong," Los Angeles Times, April 26, 2018.
  32. ^ Wayne Ma and Julie Steinberg, "'Bad Moms' Movie Studio Plans Hong Kong IPO," Wall Street Journal, September 27, 2017.
  33. ^ Anita Busch, "STX To Launch IPO On Hong Kong Stock Exchange In 2018," Deadline.com, September 27, 2017.

External linksEdit