Orpheus Media buys 24.5% of Barca Studios for €100m
FC Barcelona, informally known as Barca Studios, said in a statement issued today that it has sold 24.5% of the business to Orpheus Media, a reputable audiovisual production company, for 100 million euros.
According to a statement issued by Barcelona, Orpheus Media, managed by Mediapro founder James Roures, has acquired a 24.5% share in Barca Studios for close to 100 million euros.
Barca Studios had previously executed a similar transactional agreement with Socios.com, allowing it to acquire a 24.5% stake in the business. The following contracts have surfaced to stimulate and stabilise Barcelona’s deteriorating financial infrastructure and assist the club in registering new players and complying with LaLiga’s national competition regulations.
According to Reuters, the organisation has been adopting various measures to enhance its financial resources to comply with LaLiga’s financial fair play standards, followed by methods to register new players such as Polish striker Robert Lewandowski and Brazilian winger Raphinha.
Alexandre Dreyfus, founder and CEO of Socios, went to Twitter to announce the purchase, noting that the company would be renamed “Barca Digital and Entertainment” and will concentrate only on promoting NFT, web3, and digital content in a worldwide context.
Dreyfus noted that the Barca-Orpheus transaction would be supported by the FC Barcelona token $BAR and the Chiliz network.
Barca’s cross-stake deals may be seen as portions of a more significant divestiture, which will assist the company in recouping its losses, debts, and current financial gaps.
The specific disposal is referred to as “levers” by the company’s president, Joan Laporta. Laporta asserts that Barcelona has recently engaged its fourth economic lever to balance its financial sheet.