5.9k Share this
Comedian Kevin Hart announced on April 26 that has secured a $100 million investment to expand his growing production companies. Hart shared the news in a post to Instagram, revealing that his production companies, HartBeat Productions and Laugh Out Loud Network, would be merging to form HartBeat.
“I can’t believe it. After 10 years of hustling #HartbeatProductions and @lolnetwork are officially one company!” Hart captioned the post. The multi-platform media company, as reported by The Hollywood Reporter, launches with a multimillion-dollar investment from private equity firm Abry Partners. In exchange, Abry Partners will join the Hartbeat board and NBC Universal’s Peacock will remain a company shareholder. In addition, the current leadership at HartBeat Productions and Laugh Out Loud will remain the same.
“We have a bright future, and we now have an amazing partner in Abry,” Hart said in a video posted to social media celebrating the news. “We want to give people feel-good content at a very high level and with stuff that’s for the world.” Plenty of fans commented on the Instagram posts congratulating Hart, and even Mark Wahlberg shared a few supportive emojis, while Mindy Kaling wrote, “You’re incredible!”
Source: Nicki Swift
