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For anyone even aware of Power Rangers (or any other 90s animated pop culture), go spend 44 minutes listening to the How I Built This podcast on Haim Saban. ht
by ethbr0 5y ago
For anyone even aware of Power Rangers (or any other 90s animated pop culture), go spend 44 minutes listening to the How I Built This podcast on Haim Saban.
https://www.npr.org/2018/09/21/650524515/power-rangers-haim-saban https://www.npr.org/2018/09/21/650524515/power-rangers-haim-...
Guy went from the son of a refuge pencil salesman (his family emigrated from Egypt to Israel when he was a kid, and his dad had to take what work he could get) to being worth $2.5+ B.
Among his other moves, he turned down a deal from Rupert Murdoch to buy his company (the owner of Power Rangers etc), and said he'd only accept a 50/50 joint venture with Fox Kids itself. So he'd own 50% of the combined venture, including the network.
Then he convinces Pat Robertson's son Tim to sell The Family Channel, which had the wide distribution they needed, to them, to convert to Fox Family.
Then he decides it's time to sell, is offered $500 M by Fox for his share. He thinks it's worth more, and asks Fox if they'll agree to sell as well, if he can sell the entire channel.
He ends up finding a deal for $5.3 B to Disney, and walks away with $1.5 B for his stake.