Tom McGrath (media executive)

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Tom McGrath
BornThomas Berard McGrath
1956 (age 67–68)
Olivier Award
Website
www.xroadslive.com

Thomas Berard McGrath (born 1956) is an American media executive. He is the chairman of Crossroads Media, a company which invests in live and location-based entertainment on a global scale. He was formerly the Chairman of

Harvard.[6]

Early life and education

McGrath was born and raised in

Washington, DC.[7] He received his B.A. from Harvard University in 1976, where he was music director for Hasty Pudding Theatricals and conductor for the Harvard University Band. He earned his M.B.A. from Harvard Business School in 1980.[8][9] While at business school, he wrote a thesis on the potential of home video distribution for film distribution.[10]

Career

Columbia

Main article: Columbia Pictures

McGrath began his career in entertainment at

Wheel of Fortune and Jeopardy!.[12][13]

Act III

Main article: Act III Communications

After serving two years as senior vice president,

Fried Green Tomatoes.[13]

Time Warner

In the 1990s, McGrath was named President International of

VIVA, a national German music video channel.[16]

Viacom

Main article: Paramount Pictures

McGrath led

United Cinemas International.[18]

Key Brand Entertainment

Main article:
Key Brand Entertainment

From 2008 to 2013, McGrath served as chairman of

20th Century Fox, in which they would choose Fox film properties from its library to be adapted into theater productions.[17] Initial projects include Mrs. Doubtfire and The Devil Wears Prada.[24] McGrath has received nine Tony Awards.[25]

Crossroads Media

McGrath serves as the Chairman of Crossroads Media,[26][27] a private equity firm that acquires music publishing catalogues.[28] Working with Spectrum Equity Investors, he led the acquisitions of independent music publishing companies, including Bug Music in 2006[26][29][30] and Windswept Holdings in 2007.[28] McGrath served as chairman of Bug Music[27] through its sale to BMG in 2011.[26]

STX Entertainment

Main article: STX Entertainment

McGrath was the chief operating officer of media company STX Entertainment from its formation in 2014 until May 2019.[31][32] The company specializes in financing, developing, producing, and distributing midtier-budget star-driven films.[33] STX has produced and distributed such films as The Gift, Bad Moms, The Edge of Seventeen, The Foreigner, and Molly's Game.

In April 2018, STX filed for an initial public offering on the Hong Kong Stock Exchange.[34] This was originally reported in 2017 with an estimated market value as high as $3.5bn±.[35][36]

Crossroads Live

McGrath was the CEO of Crossroads Live, which produces and tours Broadway musicals in international markets.[4] Crossroads Live invests in multiple live entertainment ventures, including festivals, immersive attractions, musical theatre production and touring, and financial transactions with live entertainment companies and assets. The company also spans across film, television, music, and theme park industries. In 2019, Crossroads Live acquired David Ian Productions, and, in December 2020, the company also acquired the Gordon Frost Organization.[37][38] Most recently, Crossroads Live has produced Mrs. Doubtfire, Company and Almost Famous the Musical.[39]

References

  1. ^ Los Angeles, Business Journal (23 July 2007). "Acquisition Means Bug Music Becomes Top Publisher". Los Angeles Business Journal. {{cite news}}: |first= has generic name (help)
  2. ^ Broadway.com, Staff (16 December 2010). "Done Deal! Key Brand Entertainment Acquires Leading Theater Website Broadway.com". Broadway.com.
  3. ^ Internet Broadway Database
  4. ^ a b Wall, Mine (1 November 2020). "Thomas McGrath New Worth". Wallmine.
  5. ^ NEC Board of Trustees
  6. ^ A.R.T. Board of Trustees
  7. ^ Thomas B. McGrath Broadway and Theatre Credits, Broadway World. Accessed February 14, 2018.
  8. ^ a b Craig Lambert, "The Future of Theater," Harvard Magazine, January–February 2012.
  9. ^ Tom McGrath bio, Crossroads Live. Accessed February 14, 2018.
  10. ^ a b c Michael Wolff, "Executive at the Gate," Vanity Fair, December 2004.
  11. ^ New York Times, AP (23 June 1982). "Coke Completes Columbia Merger". The New York Times.
  12. ^
    Crain's New York Business
    , December 30, 2009.
  13. ^ a b "Tom McGrath Named President of Paramount Enterprises," thefreelibrary.com, 2002.
  14. ^ "Los Angeles County". Los Angeles Times. December 12, 1987. Archived from the original on April 19, 2022.
  15. ^ "Executive Changes". The New York Times. December 14, 1987. Archived from the original on April 26, 2022.
  16. ^ Hans-Jürgen Jakobs (10 January 2005). "Der V-Faktor". Süddeutsche Zeitung. Retrieved 26 April 2012.
  17. ^ a b David Rooney, "Kevin McCollum, John Davis and Tom McGrath Pact With Fox on Theatrical Joint Venture," The Hollywood Reporter, July 11, 2013.
  18. ^ Justin Oppelaar, "McGrath has Enterprises," Variety, February 19, 2002.
  19. ^ a b Gordon Cox, "Live Nation sells off theater division," Variety, January 24, 2008.
  20. ^ Campbell Robertson, "Live Nation Finds a Buyer for Its Theater Business," New York Times, January 25, 2008.
  21. ^ Dave Itzkoff, "'Promises, Promises' Gets Its First Broadway Revival," New York Times, October 26, 2009.
  22. ^ Dave Itzkoff, "'Hair' Extends From Broadway to London," New York Times, November 17, 2009.
  23. ^ Dave Itzkoff, "Daniel Radcliffe to Star in 'How to Succeed' Revival on Broadway," New York Times, April 15, 2010.
  24. ^ Gordon Cox, "Fox Stage Prods. Shores Up Executive Suite as Studios Storm Stage," Variety, July 28, 2015.
  25. IBDB
    . Accessed February 14, 2018.
  26. ^ a b c David Lieberman, "BMG Continues Music Publishing Spree With Bug Music," Deadline Hollywood, September 12, 2011.
  27. ^ a b Ayala Ben-Yehuda, "Bug Music Secures $200M Credit Line," Billboard, September 17, 2008.
  28. ^ a b "Crossroads, Bug Sweep Up Windswept," Billboard, May 30, 2007.
  29. ^ Ed Christman, "Bug Music For Sale Again," The Hollywood Reporter, July 20, 2011.
  30. ^ Michael Wolff, "Serious Money," Vanity Fair, May 2007.
  31. ^ "Robert Simonds, Gigi Pritzker Pact with TPG, China's Hony Capital on Production Venture," Variety, March 10, 2014.
  32. ^ Michael J. de la Merced, "New Movie Studio Is Formed, With China and Self-Distribution in Mind," New York Times, March 10, 2014.
  33. ^ Brent Lang, "STX Entertainment Chief Says Huayi Deal 'Supercharges Our Business Plan'," Variety, April 1, 2015.
  34. ^ David Ng, "STX Entertainment files for planned IPO in Hong Kong," Los Angeles Times, April 26, 2018.
  35. Wall Street Journal
    , September 27, 2017.
  36. ^ Anita Busch, "STX To Launch IPO On Hong Kong Stock Exchange In 2018," Deadline.com, September 27, 2017.
  37. ^ Masso, Giverny (8 December 2020). "Crossroads Live acquires Australian producer Gordon Frost Organisation". The Stage.
  38. ^ Hershberg, Marc. "Theatre Touring Company Expands Global Footprint With Australian Acquisition". Forbes. Retrieved 2022-01-26.
  39. ^ Playbill, Playbill (2020). "Crossroads Live". Playbill.com.

External links

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