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In 2014, Johnson led the purchase of WNBA team, Los Angeles Sparks with Guggenheim Partners. [10] The same year, he became part owner of MLS team, Los Angeles FC. [11] In 2023, Magic Johnson Enterprises, along with a group of others, purchased the Washington DC–based NFL team Washington Commanders for $6.05 billion. [12]
The venture dates back to July 1995, when the Magic Johnson Crenshaw 15 opened in the Baldwin Hills Mall in the South region of Los Angeles, California. It was the first multiplex theatre opened, and was closed in 2010. [5] It was completely renovated and reopened as the Rave Cinemas Baldwin Hills 15 by the Rave Cinemas chain in 2011. [6]
T-Street launched with a first look deal with Valence Media's Media Rights Capital for film and television projects. [1] Valence Media holds a substantial minority equity stake in the company. Johnson and Bergman intend to make their own original creations through the company, and produce others.
“There have only been a few guys to take over Los Angeles: Kobe Bryant, Kareem, this other dude who wore No. 32, and Fernando,” Johnson said. “When he pitched, all of us were watching.
When Magic Johnson expresses interests in professional sports teams, it usually comes to fruition. The part-owner of the Los Angeles Dodgers, Sparks, and the upcoming LA Football Club, has ...
Johnson is a member of the Los Angeles Economy and Jobs Committee. [21] In 2000, Johnson founded Agility Capital, LLC, [22] [21] a venture fund for early stage companies, and had previously served as senior executive vice president at Metro-Goldwyn-Mayer Inc. (MGM). Prior to MGM, he was a partner of the international law firm White & Case.
Mark Walter is an American businessman and the chief executive officer of Guggenheim Partners, a privately held global financial services firm with more than $325 billion in assets under management and headquarters in Chicago and New York.
Jessica Simpson’s Los Angeles home is back on the market amid the ongoing wildfires and her split from her estranged husband, Eric Johnson. Simpson’s house is currently for sale at an asking ...