Independent entertainment studio MRC has promoted longtime exec Scott Tenley to CEO
. The former corporate entertainment attorney arrived at MRC 16 years ago and has racked up a number of accomplishments, including negotiating the company’s separation from Valence Media.
As CEO, Tenley will oversee the studio’s film, TV and non-fiction divisions, strategic partnerships, as well as all shared service functions of the company, including finance, legal, and HR. In the new executive structure, founders Modi Wiczyk and Asif Satchu will become Chairmen.“Scott Tenley has a hand in nearly every single deal, every single accomplishment at MRC over the past 16 years.
Tenley said he has been “so lucky to be surrounded by the smartest and hardest working colleagues as we have built an amazing business, working with the best and brightest artists and storytellers.” He thanked Wiczyk, Satchu “and all of my colleagues and partners who have given me the rarest of opportunities to play a small part in making iconic films and TV shows.”
At MRC, Tenley helped secure multiple billions of dollars of equity and mezzanine capital for the company with partners including Goldman Sachs, WPP, ATT, JPMorgan, Abry Partners, and Eldridge. He also spearheaded the companies credit facility with JPMorgan and a consortium of leading entertainment banks.to Peacock. The show has been a critically admired breakout, earning a second-season renewal. hits with Season 2 already ordered.
to Netflix, an unheard-of upfront commitment at the time. In a press release announcing Tenley’s promotion, the company added a note about the fraught final stages of the landmark streaming series.
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