Eldridge Industries is a private equity investment holdings firm owned by Todd Boehly, the former president of Guggenheim Partners. The company was formed via the corporate spin-off of the media properties of Guggenheim subsidiary Prometheus Global Media announced on December 17, 2015.
On February 1, 2018, Eldridge Industries announced that it would merge its media holdings with Media Rights Capital to form a new entity known as Valence Media, which will be led by MRC's co-founders Asif Satchu and Modi Wiczyk. Of the merger, Wiczyk stated that the intent of this arrangement was to construct tighter synergies between the properties, drawing upon the combined company's expertise in live events, media, and content. The companies comprising Valence will retain their existing leadership, and Billboard-Hollywood Reporter Media Group will maintain editorial independence. Valence will also oversee Eldridge's minority stake in film studio A24.
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