Everything Everywhere All at Once
Allyson Riggs / A24 / Courtesy Everett Collection
A24, the Oscar-winning indie studio that has become an edgy brand name unto itself, is getting a big vote of confidence — and an influx of cash.
The studio announced today it has closed on an investment round led by Joshua Kushner’s Thrive Capital. The Hollywood Reporter has learned that Thrive invested $75 million into the indie studio based on a $3.25 billion pre-money valuation. A source close to A24 with knowledge of the investment notes that the company’s enterprise valuation now sits at $3.5 billion, suggesting this round of funding will net the company roughly a $250 million total investment.
As a part of the investment, Thrive founder Kushner will join the A24 board of directors.
The news of the A24’s new valuation and…
