Richard Yen has joined Saban Capital Group as a director in the firm's venture capital and digital media investment group. He is based in Los Angeles, and previously was a principal with Blueprint Ventures.
Saban Capital Group, Inc. (SCG), a private investment firm specializing in the media, entertainment and communications industries, today announced that Richard Yen will join the Firm as a Director in its venture capital and digital media investment group, effective immediately. Yen, who will be based in Los Angeles and report to SCG Managing Director Craig Cooper, will focus on expanding the Firm's digital media, wireless and consumer Internet investments in the U.S. and internationally.
“We are delighted to welcome Richard to our team,” said Adam Chesnoff, President and Chief Operating Officer of Saban Capital Group. “Richard's technology, venture capital and start-up experience will be extremely valuable as we continue to pursue transformative digital media investments. In his new position, Richard will work closely with Craig Cooper to leverage SCG's established platform of media and entertainment investments to realize opportunities across all stages of digital media.”
Craig Cooper, Saban Capital Managing Director and head of the Firm's Digital Media Investment Group, said, “Richard is a great addition to the team. He has deep experience in new media investing and has established strong networks in both Silicon Valley and Los Angeles. At Saban Capital, we are focused on building the best team and brand in digital media investment so that we can continue to identify leading, next generation companies. Richard is going to play a key part of that process.”
Most recently, Yen served as a Principal at Blueprint Ventures and established the firm's digital media and Internet investing practice. Prior to that, Yen was at Rustic Canyon Partners, a technology venture capital firm where he focused on software and wireless investments. In his prior operating roles, he served as Director of Technology for ShockMarket, a consumer Internet startup based in the Silicon Valley; Vice President of Intelligent Technologies for Merrill Lynch; and Director of Engineering for D.E. Shaw & Co.
About Saban Capital Group
Saban Capital Group, Inc. is a private investment firm specializing in the media, entertainment and communications industries. Based in Los Angeles, the Firm invests in both public and private companies worldwide and adds strategic value through its established relationships and industry experience. The Firm invests across all stages including early stage venture capital as well as later stage private equity deals and has deep industry and investment expertise across the investment cycle. SCG's current portfolio includes investments in Univision, the premier Spanish-language media company in the United States; Keshet Broadcasting Ltd., Israel's leading television network; Bezeq, Israel's largest telecommunications service provider; and Next New Networks, a leading online video and content production company. Prior investments include ProSiebenSat.1, Germany's biggest television group and Fox Family Worldwide, a 1998 joint venture between Haim Saban and News Corporation. The Firm was founded in 2001 by Haim Saban. For more details go to www.saban.com.