PMC MRC forms PMRC, Vibe and Music Business Worldwide
PMC MRC forms PMRC, Vibe and Music Business Worldwide. PENSKE MEDIA AND MRC FORM PUBLISHING AND CONTENT VENTURES Newly Established PMRC Will Steward Rolling Stone, The Hollywood Reporter, Variety, Billboard, Vibe and Music Business Worldwide Content Partnership Will Produce Television, Film and Other Formats With Access to Intellectual Property Across the Portfolio of Brands Leading independent media and entertainment companies Penske Media Corporation (PMC) and MRC announced today a deal to create two joint ventures in publishing and content, with both companies holding significant ownership. The announcement, effective today with a transition period through the end of 2020, was made by PMC CEO Jay Penske and MRC CEOs Asif Satchu and Modi Wiczyk. The first joint venture establishes PMRC which includes some of the most iconic brands in entertainment and music. These distinguished brands include PMC’s Rolling Stone, Variety and Music Business Worldwide ...