Forest Road Acquisition Corp.

General Information
Business:

We currently intend to concentrate our efforts on identifying businesses in the technology, media, and telecommunications (“TMT”) space. Our team includes three former senior executives from The Walt Disney Company (NYSE: DIS) (“Disney”): Thomas Staggs, our director and the chairperson of the Strategic Advisory Committee; Kevin Mayer, who will serve as a strategic advisor as of the effective date of the registration statement, and Salil Mehta, our CFO. They collectively hold decades of operational experience at Disney.

After joining Disney in 1990, Mr. Staggs held a number of key roles, including CFO of Disney; chairman of Walt Disney Parks and Resorts, and COO of Disney. Mr. Staggs played an integral role in Disney’s acquisition of Capital Cities/ABC, which significantly expanded Disney’s position in cable and broadcast television. As Disney’s chief financial officer from 1998 until 2010, Mr. Staggs was deeply involved in the acquisitions of Pixar and Marvel Entertainment. In the five years he spent as chairman of Walt Disney Parks and Resorts from 2010 to 2015, he oversaw the expansion of existing locations, a substantial increase in the size of their cruise fleet, and the geographic expansion into Shanghai.

After joining Disney in 1993, Mr. Mayer led strategy and business development for Disney’s interactive and television businesses worldwide. Mr. Mayer later became executive vice president of the Internet group, responsible for Disney’s popular websites, including ESPN.com and ABCNews.com.

Mr. Mehta first joined Disney in 1994 as a manager of corporate strategic planning, before serving as executive vice president of corporate business development, where he was responsible for the launch of new businesses as well as aided in Disney’s long-term growth strategies and mergers and acquisitions plans. Mr. Mehta most recently was Disney’s general manager, digital media, and president of FoxNext Games until his departure in April 2020.

Keith L. Horn, our CEO, secretary and director, provides critical operating and investment acumen and extensive deal-making experience that we believe will prove complementary to, and synergistic with, the operational expertise of Messrs. Staggs, Mayer, and Mehta. Mr. Horn is the founder and managing member of Loring Capital Advisors, LLC, a firm providing investment advisory and consulting services to hedge fund managers, asset management firms, and early-stage and start-up businesses.

 

Industry: BLANK CHECKS
Employees: 0
Founded: 2020
Contact Information
Address 1177 Avenue of the Americas, 5th Floor New York, New York 10036
Phone Number (917) 310-3722
Web Address
View Prospectus: Forest Road Acquisition Corp.
Financial Information
Market Cap $312.5mil
Revenues $0 mil (last 12 months)
Net Income $0 mil (last 12 months)
IPO Profile
Symbol FRX.U
Exchange NYSE
Shares (millions): 26.1
Price range $10.00 - $10.00
Est. $ Volume $250.0 mil
Manager / Joint Managers Cantor
CO-Managers Guggenheim Securities
Expected To Trade: 11/25/2020
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
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