Media and Broadcasting

Cresset Merges with TRUE Capital Management, Establishes Presence in Sports and Entertainment Industry

PRnewswire | May 10, 2023 | Read time : 03:44 min

Cresset Merges with TRUE Capital Management, Establishes

Cresset Asset Management (Cresset) and TRUE Capital Management (TRUE) announced today that they have merged, creating a multi-family office with nearly $33 billion in assets under management (as of 5/02/2023) and with offices in 19 locations around the nation. The strategic combination expands Cresset's presence in the sports and entertainment industry.

TRUE is a multi-family office that specializes in guiding a diverse roster of clients across sports, entertainment, and entrepreneurism to financial security and generational wealth. TRUE manages $1.7 billion (as of 2/22/2023) of assets on behalf of more than 350 clients, including Deandre Ayton, Robert Griffin III, Marshawn Lynch, Nneka Ogwumike, Kelsey Plum, Albert Pujols, Logan Ryan, Richard Sherman, Breanna Stewart, and Diana Taurasi.

Together with Cresset, TRUE clients will enjoy access to Cresset's scale and national footprint, including its extensive family office services, goals-based financial planning, institutional-quality private investments, and lifestyle services.

"We are thrilled to be joining forces with Cresset. Since we started TRUE in 2007, our priority has been to build relationships with our clients based on transparency and trust as they navigate the rare opportunities and unique challenges that come with wealth. That commitment will only be strengthened and enhanced with Cresset," said Doug Raetz, CEO of TRUE.

"As we've worked closely with Cresset, it has become clear that the entire Cresset team shares our goals and values. It's an excellent cultural fit, and we are excited to explore new ways to create and deliver success stories for our clients," added TRUE COO Heather Goodman.

"When we first met the TRUE team several years ago, we found kindred spirits in terms of how we believe clients should be treated and the positive impact wealth can have," said Avy Stein, Cresset Co-Founder and Co-Chairman. "Our mutual dedication to providing access to a full suite of sophisticated family office services and private investment opportunities makes this an ideal partnership."

About TRUE Capital Management

Founded in 2007, TRUE Capital Management is a wealth management firm that specializes in guiding its diverse roster of clients to financial security and generational wealth. The firm has built a reputation for serving high-profile clients across all major sports worldwide, the global entertainment industry, and entrepreneurs innovating in our ever-evolving business world.

About Cresset

Cresset is an independent, award-winning multi-family office and private investment firm with nearly $33 billion in assets under management (as of 5/02/2023). Cresset serves the unique needs of entrepreneurs, CEO founders, wealth creators, executives, and partners, as well as high-net-worth and multi-generational families. Our goal is to deliver a new paradigm for wealth management, allowing clients to pursue what matters most to them.

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Solutions

Calix Market Activation Video Series Earns Cablefax FAXIE for Best ‘Content and Sponsored Marketing Campaign

businesswire | July 17, 2023

Calix, Inc. announced today that its latest series of customizable market activation videos has once again been honored for enabling Calix customers to achieve marketing excellence. The video series, starring comedian Gerry Dee, is recognized as the best “Content and Sponsored Marketing Campaign” in public relations and marketing by The FAXIES, presented by Cablefax. Calix also received an honorable mention for “Use of Video or VR/AR” in audience engagement and experience. The video series is available to Calix customers as part of the award-winning Calix Market Activation (Market Activation) program. These highly engaging and funny videos, which recently won a Digiday Video & TV award, convey the value of Calix SmartLife™ managed services like cybersecurity, social media monitoring, and community-wide Wi-Fi. Increasingly, Calix customers are adopting such services on the Calix broadband platform to differentiate their brands beyond speed and price. The Market Activation program allows any size broadband service provider (BSP) to run sophisticated marketing campaigns that promote the value they deliver in their communities. New creative assets are uploaded to the Market Activation program for immediate use each time Calix expands its growing managed services ecosystem. All BSPs need to do is add their logo and brand voice. This enables them to go to market with new services 65 percent faster while securing an edge against any competitor—even those with much larger marketing budgets. The Market Activation program has evolved over the past six years from 1-1 consultations to a robust marketing enablement program—complete with brand evolution workshops and access to thousands of customizable go-to-market creative assets. Today, it supports BSPs in reshaping their value propositions and establishing distinctive brand identities. 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The MAVE enables New Mexico-based Tularosa Communications to easily personalize the Gerry Dee videos to share across their social channels. By investing just $36 for a two-week Facebook ad campaign leveraging the videos, the BSP drove a 31 percent increase in service upgrades. City of Pharr saved thousands of dollars promoting their Wi-Fi service with Calix Web Builder. With the new Calix Web Builder, BSPs can launch captivating websites at a fraction of the cost of starting from scratch. They can personalize pre-designed page templates that install in under five minutes, resulting in significant savings of $2,500-$5,000 per page. The City of Pharr in Texas partnered with Calix to revamp their website for the TeamPharr.Net broadband launch. The Calix Web Builder saved them time and money and boosted signups as they moved from one of the worst-connected cities to one of the best in less than two years. 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Forward-looking statements are based upon information available to us as of the date of this release, and we assume no obligation to revise or update any such forward-looking statement to reflect any event or circumstance after the date of this release, except as required by law. Actual results and the timing of events could differ materially from current expectations based on risks and uncertainties affecting Calix’s business. The reader is cautioned not to rely on the forward-looking statements contained in this press release. Additional information on potential factors that could affect Calix’s results and other risks and uncertainties are detailed in its quarterly reports on Form 10-Q and Annual Report on Form 10-K filed with the SEC.

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Solutions

QYOU Media's Q TV Launches New Original Series Deploying AI Anchor

prnewswire | August 28, 2023

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Applications

Yuvod and Red Bee Media Partner to Enhance Affordable Video Solutions for North American Content Providers

businesswire | August 03, 2023

Yuvod, the 100% cloud-based, end-to-end OTT and IPTV solutions provider, today announced a new partnership with Red Bee Media, a leading global media services provider, to integrate the most up-to-date metadata, allowing Yuvod to offer the most affordable, pre-integrated TV solution for providers of all sizes. Through the partnership, direct integration with Red Bee's API services will help accelerate the value and adoption of Yuvod’s end-to-end, cloud-based streaming platform, including positioning Red Bee Media as the main integrated supplier of EPG metadata to be included with Yuvod’s turnkey Platform-as-a-Service (PaaS) solution in the U.S. market. 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