Harry Sloan is the Chairman and Chief Executive Officer of Global Eagle Acquisition Corporation, a publicly traded (EAGLU:Nasdaq) special purpose acquisition company (“SPAC”) formed for the purpose of making an acquisition of a media or entertainment business. Sloan created the venture in February, 2011 with former CBS and Sony Pictures Entertainment President Jeff Sagansky, who will be the president of the new entity. In the largest initial public offering of a US based SPAC in the last three years, Global Eagle raised $190 million of seed capital to invest and operate media and entertainment businesses that have high growth potential in the US and overseas.
degree from UCLA in 1973 and J
Throughout his career, Sloan’s entrepreneurial spirit has guided him in identifying key investment opportunities in entertainment industry. He invested in and headed three US publicly-listed media companies: SBS Broadcasting, S.A., Lions Gate Entertainment Corp., and New World Entertainment Ltd.Sloan founded SBS Broadcasting in 1990 with a personal investment of $5 million and built SBS over a decade into the second largest broadcaster in Europe with 16 television stations, 21 premium pay channels and 11 radio networks, reaching 100 million people in 9 countries. He led the Company’s initial public offering in 1993 and sold SBS (SBTV:NASDAQ) for $2.6 billion in Oct 2005 to Permira and KKR. In 2007, SBS consolidated its operations into Prosieben Sat.
Sloan also led the MGM effort which successfully launched the US Pay TV channel EPIX IN 2009 in a joint venture with Viacom and Lionsgate
1 Media AG, Germany’s largest television broadcasting group, creating a European media powerhouse. Sloan served on the Prosieben Sat 1 Board of Directors until 2009.Prior to founding SBS, Sloan served as Chairman of New World Entertainment Ltd., which he purchased for $2 million in 1983. Over the next three years, Sloan expanded the independent movie production company into television production and distribution as New World became the third largest producer of U.
In 2007, SBS consolidated its operations into Prosieben Sat
S. primetime television. He led New World’s initial public offering in 1985, acquired Marvel Entertainment Group in 1986, and sold the business in 1989 to Ronald Perelman for $270 million. From 1976 to 1983, Sloan was a practicing entertainment lawyer with Sloan, Kuppin and Ament, a law firm which he founded in Los Angeles. Sloan received his B.A. degree from UCLA in 1973 and J.D. Degree from Loyola Law School in 1976.In October 2005, Sloan joined Metro-Goldwyn-Mayer Studios Inc. (MGM) as Chairman and Chief Executive Officer, one year after a $5 billion private equity buyout of the studio. During Sloan’s tenure, he led MGM to revive the James Bond, Rocky and Pink Panther franchises and created a partnership with Peter Jackson and New Line Cinema to produce two Hobbit movies. Sloan also rebuilt MGM’s theatrical and television distribution and marketing units. He launched numerous MGM basic television channels in the US and internationally including MGM UK, India, Italy, Poland, and Eastern Europe. Sloan also led the MGM effort which successfully launched the US Pay TV channel EPIX IN 2009 in a joint venture with Viacom and Lionsgate.Under Sloan’s four year watch, MGM generated adequate cash flow to service the $3.7 billion of acquisition debt without tapping into its corporate revolver. Sloan stepped down from his position as CEO in August 2009 and, remaining as Chairman, retained a new team to restructure the debt on behalf of MGM’s lenders. In December, 2010, MGM confirmed it’s plan of reorganization creating a new and financially healthy MGM. Sloan officially left the studio in 2011 and launched Global Eagle Acquisition with Sagansky.In January 2011, Sloan was appointed to serve on the board of Promotora de Informaciones, S.A. or PRISA, Spain’s largest media conglomerate, after its 2010 business combination with Liberty Acquisition Corp., and he has been a director of ZeniMax Media Inc., a producer of interactive gaming and web content, since 1999. Sloan also served as Chairman of the Board of Lionsgate Films (LGF:NYSE) in 2004-2005, which he joined in 1999 after SBS became its largest shareholder.Sloan was appointed by President Ronald Reagan in 1987 to the President’s Advisory Council on Trade and Policy Negotiations (ACTPN). He currently serves on the UCLA Anderson School of Management Board of Visitors and the Executive Board of UCLA Theatre, Film and Television.