The legal and true crime network and production company, Law & Crime Network, founded by Mediaite creator Dan Abrams, has been bought by Jellysmack.
Thank you for reading this post, don't forget to subscribe!The acquisition was first reported by axios journalist sarah fisher, who stated that the deal valued Law & Crime at a nine-figure sum, which she described as an “extraordinary outcome” considering the limited funds raised.
Leadership of Law & Crime will remain unchanged, with Dan Abrams serving as CEO, Rachel Stockman as President, and Andrew Isbroch as COO and general counsel.
In a statement, Abrams said:
I am thrilled to join a team that has demonstrated unparalleled expertise in optimizing the reach and impact of digital content. Together, we can propel the Law & Crime Network to new heights, captivating a global audience that is increasingly yearning for captivating legal and true crime narratives.
Since its establishment in 2015, Law & Crime has evolved into a dominant force in true crime and legal news, offering live trial coverage through its website and network, with over 5 million YouTube subscribers and a vast social media presence with over 10 million followers. The network also operates a successful production division, developing documentaries and programming for A&E, HBO, Netflix, and various other platforms.
According to a press release, Jellysmack, which was launched in 2016, employs data and artificial intelligence to identify and invest in the most promising video content creators. The acquisition of Law & Crime Network represents Jellysmack’s most significant purchase thus far.
“This acquisition seamlessly aligns with our mission to deliver first-class content that resonates with global audiences across multiple platforms,” said Jellysmack’s president, shaun atkins. “Dan Abrams’ expertise and his network’s remarkable track record in legal and true crime storytelling make it a perfect match for Jellysmack, opening up exciting new synergies and opportunities for our creators.”
Axios reported that the deal “grants Jellysmack access to a vast collection of professional true crime content, as well as production and distribution capabilities, which will amplify the work of the 150+ true crime creators they have previously collaborated with.”
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Source: www.mediaite.com
