Haim Saban – Wikipedia

Israeli–American media owner, investor

Haim Saban ( ; Hebrew : חיים סבן ; born October 15, 1944 ) is an Israeli-American media owner, investor, and manufacturer of records, film, and television. [ 1 ] A businessman with interests in fiscal services, entertainment, and media, and an estimate net worth of $ 2.8 billion, he is ranked by Forbes as the 232nd richest person in America. [ 4 ] Saban is the founder of Saban Entertainment, producer and distributor of children ‘s television programs in the US such as Power Rangers. He headed up consortiums which purchased the broadcasters ProSiebenSat.1 Media and Univision Communications. He is a major donor to the US Democratic Party and active in pro-Israel political efforts in the US. In March 2017, Saban was honored with the 2,605th star on the Hollywood Walk of Fame for his achievements in television. [ 5 ]

biography

Saban was born in Alexandria, Egypt, to an Egyptian-Jewish family. In 1956, the Saban family immigrated to Israel, along with most of the egyptian Jewish residential district. [ 1 ] Saban was sent to a Youth Aliyah boarding school. Expelled for being a troublemaker, he enrolled in a night high school where the principal told him : “ You ‘re not cut out for academic studies ; you ‘re cut out for making money. ” [ 6 ] He served as a soldier in the Israel Defense Forces. [ 7 ]

Saban is married to Cheryl Lynn ( Flor ) Saban, [ 8 ] with whom he has two children. He besides has two stepchild, Tifanie and Heidi Lenhart, an actress. He resides in Beverly Hills, California. [ 2 ]

Music career

Saban started his career in 1966 as a freshwater bass actor and director [ 1 ] [ 9 ] with the rock band The Lions of Judah ( Ha’arayot ), which was named after the Lion of Judah in jewish Scripture. In 1969, Dave Watts from the british band The Tornados joined The Lions. That year, the band traveled to England, performed in night clubs in London and was signed up by Polydor Records. In July 1969, the isthmus appeared on the BBC television receiver broadcast Colour Me Pop. The Lions recorded a single, “ Our Love ‘s A Growing Thing ”, but it was not released in the UK due to fiscal difficulties. The dance band returned to Israel and Saban focused on being a music showman. [ 10 ] In the early 1970s, Saban moved to France where he worked as a music manufacturer. His clients included Noam Kaniel, Mike Brant and Shuki & Aviva. He besides launched a record company with Shuki Levy. [ 11 ] In 1978 and 1982, Saban used the pseudonym Kussa for music/lyrics writing credits on four records for which he besides served as manufacturer using his real name. [ 12 ] [ 13 ] Since then, he has frequently used the name Kussa Mahchi for his composing credits on Saban Entertainment productions, [ 14 ] [ 15 ] including the Mighty Morphin Power Rangers: The Movie composition song. In 2019, Saban announced that he had formed the Saban Music Group backed by $ 500 million of his own capital. The company will focus on global artists, finical latin american, tapping new artists and acquiring existing businesses. [ 16 ]

commercial enterprise career

Saban Entertainment

In the United States, he became a television producer, founding Saban Entertainment in 1988. [ 17 ] During that time, Haim Saban and partner Shuki Levy became known for soundtrack compositions for children ‘s television programs of the 1980s. Although Levy and Saban composed for their own properties ( such as Kidd Video and Maple Town ), they scored for other production companies as well ( such as Inspector Gadget, The Mysterious Cities of Gold, M.A.S.K., Dinosaucers, Dragon Quest, He-Man and the Masters of the Universe, She-Ra: Princess of Power, and Jayce and the Wheeled Warriors ). In 1998, The Hollywood Reporter reported that he did not actually compose all the music ( totalling 3,700 works in 2008 ) he is credited for ; ten composers threatened to sue and Saban settled out of court. [ 18 ] In the 1990s, Saban ‘s company became known for the product of Power Rangers, Masked Rider, VR Troopers and Big Bad Beetleborgs, which were western adaptations of japanese tokusatsu shows .

Fox Family

In 1996, News Corporation ‘s Fox Children ‘s Network and Haim Saban ‘s Saban Entertainment merged to form Fox Kids Worldwide. [ 19 ] [ 20 ] [ 21 ] [ 22 ] besides in that class, the caller purchased the C & D library from Jean Chalopin. [ 23 ] With the growing shift in children ‘s television from over-the-air programming blocks to cable channels such as Cartoon Network and Nickelodeon, the aggregate entity ( half owned by Haim Saban himself ) sought to launch a rival that would carry programming from the popular Fox Kids lineup. Eying The Family Channel, News Corp. made an offer to purchase IFE through the Fox Kids Worldwide division in 1997. [ 24 ] On July 23, 2001, Saban announced that he and News Corporation would sell Fox Family Worldwide Inc for $ 5.3 billion to The Walt Disney Company. [ 25 ] and on October 24, 2001, the sale was completed [ 17 ] and the network was renamed ABC Family. [ 9 ] Saban profited about $ 1.6 billion from this sale. [ 9 ]

ProSiebenSat.1

In August 2003, Saban led a consortium, which acquired a controlling post in the sprawl ProSiebenSat.1 Media group from the Kirch Media Group, the then-bankrupt german media conglomerate. [ 26 ] ProSiebenSat.1, is Germany ‘s largest commercial television receiver broadcasting company, which owns five german television channels, including ProSieben and SAT.1, two of the peak three stations in Germany. Collectively, ProSiebenSat.1 ‘s channels represented approximately 45 % of the german television ad grocery store at the time. Saban ‘s ProSiebenSat.1 learning was the beginning time a foreigner took control condition of a significant german Media company. [ 9 ] Saban oversaw a successful business turnaround of ProSiebenSat.1, recruiting former clientele rivals, ex- BSkyB head administrator Tony Ball and former BBC Director General Greg Dyke to the board of the company. [ 27 ] In March 2007, Saban Capital Group and the consortium sold its controlling matter to in ProSiebenSat.1 to KKR and Permira, for 22.40 euros a share after originally paying 7.5 euros per plowshare in 2003. [ 28 ]

Univision

On June 27, 2006, Saban Capital Group led a group of investors bidding for Univision Communications, the largest Spanish-language media company in the United States. [ 29 ] other investors in the Saban-led group were Texas Pacific Group of Fort Worth, Texas and Thomas H. Lee Partners. The group was successful in acquiring Univision with a bid valued at $ 13.7 billion ( USD ), [ 30 ] but sold to private equity tauten Searchlight Capital Partners and ex-Viacom finance mind Wade Davis in 2020. [ 31 ] [ 32 ]

Views and opinions

Saban, a long-time assistant and donor of many pro-Jewish and Israel causes, has stated his main goal in multiple interviews : “ I ‘m a one-issue guy, and my return is Israel. ” [ 33 ] [ 6 ] Saban became involved in politics in the mid-1990s when he felt that back for Israel was slipping in the United States. [ 8 ] He says his views have shifted over the years : [ 1 ] ” I used to be a very leftist. I remember Arik Sharon [ the drawing card of Israel ‘s rightist Likud Party ] coming here, to my house, a few months before Camp David, when he was distillery drawing card of the enemy. He told me there would be no deal because [ Yassir ] Arafat would not sign. I told myself that there was nothing to be done – these right-wingers were simply harebrained. I had no doubt that there would be a conduct and the problems would be resolved. History proved that Sharon was right and I was improper. In matters relating to security, that moved me to the right. identical far to the right … When there is a terrorist attack, I am [ Avigdor ] Lieberman. sometimes to the right of Lieberman. For two days I in truth love Lieberman. But subsequently I come back to reality. Look, I do n’t see a solution today. ” [ 1 ] Saban has been a consistent donor to the United States Democratic Party according to his mandate Federal Election Commission filings. Mother Jones, in an psychoanalysis of the major donors to the campaigns of 1998 election cycle, ranked Saban 155th among individual donors. [ 34 ] Amy Paris noted that Saban ‘s Clinton-era “ generosity did not go empty-handed. During the Clinton administration, the entertainment executive served on the President ‘s Export Council, advising the White House on barter issues. ” [ 34 ] The New York Times reported that Haim and his wife “ sleep in the White House several times during President Clinton ‘s two terms. ” Saban remains conclusion friends with the former president. Clinton described Saban as a “ very thoroughly friend and athletic supporter. ” [ 8 ] Saban contributed between $ 5 million to $ 10 million to the William J. Clinton Foundation. [ 35 ] During the 2000 presidential election, Saban increased his rank to 5th among individual donors with a blend contribution of $ 1,250,500. [ 34 ] Matthew Yglesias wrote that “ Saban was the largest overall subscriber to the democratic National Committee during the 2001–2002 cycle. ” [ 36 ] Saban ‘s donations during that 2001–2002 period exceeded $ 10 million, the largest contribution the DNC has received from a individual source up to that clock time. [ citation needed ] In September 2004, Hillary Clinton described Saban as a very good friend, patron and adviser : “ I am grateful for his commitment to Israel, to a good and lasting peace in the Middle East and to my basis ‘s knead, particularly on reconciliation issues. ” [ 8 ] In May 2007, Haim publicly declared his support for Clinton in 2008 presidential election. [ 29 ] In June 2007, Saban and Steven Spielberg co-hosted a Hillary Clinton fundraiser at the house of Peter Chernin, the President of News Corporation. [ 37 ] According to the Los Angeles Times, [ 37 ] the fundraiser brought in over $ 850,000. [ citation needed ] In March 2008, Saban was among a group of major jewish donors to sign a letter to Democratic Party family leader Nancy Pelosi advising her not to run in the democratic presidential primaries. [ 38 ] The donors were upset by Pelosi ‘s statement that the party ‘ superdelegates ‘ should heed the will of the majority in selecting a campaigner. ” [ 38 ] The donors, who were potent supporters of the DCCC, implied that Pelosi could lose their fiscal hold in approaching congressional elections. In May 2008, it was reported that Haim Saban had offered $ 1 million to the Young Democrats of America and urged the sanction of Hillary Clinton as the democratic campaigner for president. ” [ 39 ] Saban has besides made donations to members of the Republican Party including a 2003 contribution to George W. Bush ‘s 2004 re-election campaign. [ 8 ] Saban supported Hillary Clinton for President of the United States in the 2016 U.S. presidential election. Between June 2015 and June 2016, he and his wife donated US $ 7 million to Priorities USA, a pro-Clinton Super PAC. meanwhile, Saban has called Republican campaigner Donald Trump “ a danger to America ”. [ 40 ] Saban has said that Keith Ellison, who ran for the leadership of the DNC, “ is clearly an anti-semite and anti-Israel individual. ” [ 41 ] [ 42 ] [ 43 ] Saban besides called Sen. Bernie Sanders ( I-VT ) “ an anti-Israel person. ” [ 44 ] In 2006, Saban discussed his views on the Middle East and Persian Gulf region in an interview with Haaretz. Commenting on Iran, he said : “ When I see Ahmadinejad, I see Hitler. They speak the same speech. His motivation is besides clear : the return of the Mahdi is a sovereign goal. And for a religious person of cryptic self-persuasion, that sovereign goal is worth the liquidation of five and a one-half million Jews. We can not allow ourselves that. Nuclear weapons in the hands of a religious leadership that is convinced that the annihilation of Israel will bring about the emergence of a newly Muslim caliphate ? Israel can not allow that. This is no game. It ‘s truly an existential risk. ” [ 45 ] If Obama strikes a “ bad deal ” with Iran that would put Israel at hazard, “ I would bomb the living daylights out of these sons of bitches, ” Saban said at a meet of the israeli american Council. [ 46 ] In 2005, Saban spent $ 100,000 [ 47 ] to oppose California ‘s 2005 Proposition 77 redistricting reform. Saban contributed $ 100,000 [ 48 ] to pass California ‘s 2008 redistricting reform, Proposition 11, which created a Citizens Redistricting Commission to redraw California ‘s state political boundaries, but not U.S. congressional districts. Saban contributed $ 2,000,000 [ 49 ] to support Proposition 27, California ‘s aim 2010 revoke of Proposition 11, the 2008 redistricting reform – the same reform that Haim Saban previously supported with a $ 100,000 contribution. He joined tilt of other well-connected, big-money donors to the democratic Party in supporting Proposition 27. [ citation needed ] In 2020, Saban collaborated with UAE Ambassador to the United States, Yousef Al Otaiba, on a June 12 op-ed addressed to the Israeli populace in an campaign to halt Israel ‘s aforethought annexation of parts of the West Bank and create a unite front between the UAE and Israel against the opposing forces of Iran. [ 50 ] [ 51 ] [ 52 ] Al Otaiba credited Saban with advising him where his op-ed should be placed, when it should be placed and that it needed to be translated in Hebrew. [ 52 ] The efforts were purported to have helped pave the way to the August 2020 sign of the Abraham Accords, brokered by United States President, Donald Trump, and normalizing ties between Israel and UAE. [ 52 ]

philanthropy

Saban Center for Middle East policy

In 2002 Saban provided an initial grant of 13 million USD [ 53 ] and a pledge of extra funds [ 53 ] to create the Saban Center for Middle East Policy, a extraneous policy think tank based in Washington, D.C. The Saban Center is part of the larger Brookings Institution think tank car. [ 53 ] The Saban Center aims to provide policy makers in government with data and psychoanalysis regarding America ‘s foreign policy in the Middle East. Saban recruited Martin Indyk to direct the center. [ citation needed ] In 2007, Saban donated $ 14 million to complete the children ‘s hospital at Soroka Medical Center. [ 54 ]

Saban National Political Leadership Training Seminar

Saban sponsors the American-Israel Public Affairs Committee ‘s Saban National Political Leadership Training Seminar, a series of semiannual seminars in Washington to provide college scholar activists for three days of intensive pro-Israel advocacy education. [ 55 ] The seminars provide up to 300 students from a hundred campuses with coach in order to “ prepare for challenges and opportunities on their campuses and [ the students ] left Washington prepared to mobilize for legislative and electoral impact during the next school class and into crusade ’08. ” [ 56 ] Among the big figures to have addressed the seminars are Senator Evan Bayh and Congressman Mark Kirk and academics David Makovsky, Robert Satloff and Dennis Ross. [ 56 ]

References

further take

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