Skip to main content

Montgomery & Co. is Go-To Digital Dealmaker

Business Week reports that Montgomery & Co., a little-known investment firm that quickly became one of new media's hottest brokers, is now the one to watch.

Headed by former Walt Disney treasurer Michael Montgomery and his older brother, James, a former defense industry and technology consultant, the firm has helped sell new-media startups to heavyweights Sony, Viacom, and Yahoo! in the past two years.

"Those guys have become the go-to guys after their experience with MySpace," says Blair Harrison, chief executive of iFilm Corp., the user-generated video site that Viacom bought for $49 million shortly after the News Corp. deal. Harrison says he hired Montgomery after he heard of his MySpace work.

As with just about everything else on the Net, a new kid on the block is shaking up the traditional players -- in this case, media investment powerhouses like Goldman Sachs and Allen & Co. Those firms still get plenty of business, but what Montgomery sells is speed -- rare in the clubby media world where talks can drag on for months. He set up meetings with prospective buyers for iFilm within 36 hours, says Harrison, and helped strike a deal within three weeks of that.

"They've taken the right approach," says Atom Entertainment CEO Mika Salmi, who opted not to use an investment banker when he recently sold his video/gaming business to Viacom. "They get in there early and get to know the CEO on a personal level before he needs an investment banker," Salmi says.

Popular posts from this blog

$4 Trillion Digital Transformation Upswing

As a C-suite leader, you're constantly bombarded with investment opportunities. In today's large enterprise arena, few initiatives hold the same potential as Digital Transformation (DX). Yet, securing ongoing buy-in from the board and other key stakeholders hinges on a clear understanding of market momentum and the return on investment that DX promises.  A recent IDC worldwide market study sheds valuable light on this critical topic. Let's delve into some key takeaways and explore what they mean for your organization's tech strategy. Digital Transformation Market Development The IDC study describes a market surging toward investment adoption maturity. Worldwide spending on DX technologies is forecast to reach $4 trillion by 2027, reflecting a compound annual growth rate (CAGR) of 16.2 percent. This exponential growth signifies an opportunity for industry leaders to leverage digital business tools and strategies to gain a competitive edge, with Artificial Intelligence (A