Tommy Hilfiger Ponies Up As Part Of Warner Bros. Ownership Group

Being a fashion mogul wasnít enough for Tommy Hilfiger. It seems he just wanted more. So what has he done? Heís become a part owner of the new-look Warner Bros. Hilfigerís name has come up as one of the investors that joined forces with Edgar Bronfman, Jr. for the takeover that finally came to fruition this week. Hilfiger is said to have dropped $25 million into the kitty, helping Bronfman to come up with the extra cash that was needed when Quadrangle and Haim Saban pulled out of the investor group. Bronfman, who was initially putting in $50 million saw that number jump to $250 million when the others leff the group, hence the need to rope in heavy hitters like Hilfiger.

Related:
  1. Edgar Bronfman, Jr.’s Investor Group Buys Warner Music For $2.6B
  2. Warner Bros Hands Administrative Rights To Universal For TV, Movie Music Catalog
  3. Rancid Sign To Warner Bros
  4. R.E.M. To Reissue Their Entire Warner Bros. Catalog With Bonus Material
  5. Warner Bros. Melts Goldie
 
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