Tuesday, April 26, 2022

Kevin Hart Takes PEU Money

Abry Partners invested $100 million in comedian/actor Kevin Hart's new company.  

HARTBEAT said it would produce and distribute television and film content focused on "comedic storytelling" and that it was in various stages of development or production on more than sixty projects. 

The greed and leverage boys are rarely ha-ha funny.  Consider Abry affiliate Securus Technologies.  The following is from a 2015 post.

" ... an anonymous hacker who believes that Securus is violating the constitutional rights of inmates — comprise over 70 million records of phone calls, placed by prisoners to at least 37 states, in addition to links to downloadable recordings of the calls. The calls span a nearly two-and-a-half year period, beginning in December 2011 and ending in the spring of 2014. 

Particularly notable within the vast trove of phone records are what appear to be at least 14,000 recorded conversations between inmates and attorneys, a strong indication that at least some of the recordings are likely confidential and privileged legal communications — calls that never should have been recorded in the first place.

Abry did just fine on their Securus investment.  There are little to no consequences for any PEU antics or hijinks.  The PEU boys are more disturbing, like a twisted dark comedy.  That's the "got to have more" world.  

In January John Legend sold his music to PEU KKR.  Today BuzzFeed ran a report on the harm KKR's buyout did to developmentally disabled residents of group homes.

It's just another day...

I had a dream last night,
The world was set on fire.
And everywhere I ran,
There wasn't any water...
The temperature increased,
The sky was crimson red,
The clouds turned into smoke,
And everyone was dead.
But there's a smile on my face,
For everyone...
There's a golden coin,
That reflects the sun...
There's a lonely place,
That's always cold...
There's a place in the stars,
For when you get old.


Update 5-26-22:  Justin Timberlake is the latest artist to sell his music to the greed and leverage boys.