Peter Murphy | |
---|---|
Born | Peter E Murphy 1962 Massachusetts |
Occupation | Entertainment executive |
Years active | 1988–present |
Peter E Murphy (born 1962) is an American businessman and founder of Wentworth Capital Management. He was chief strategic officer of Disney [1] and President, Strategy & Development of Caesars Entertainment Corporation. [2] [3]
Peter E. Murphy is the founder of Wentworth Capital Management, a private investment and venture capital firm focused on media, technology, and branded consumer businesses. Wentworth advises and invests in early and late stage growth businesses in digital media, television, and entertainment. Murphy also serves on the Board of Directors of various media and digital companies, including Tribune Company (Nasdaq : TRBAA) [4] serving as chairman of the audit committee, Revel Entertainment, [5] where he serves as the chairman of the board, and Malibu Boats (Nasdaq : MBUU) [6] where he serves as chairman of the compensation committee. Previously, Murphy served on the Board of Directors for Fisher Communications (Nasdaq : FSCI) [7] and Dial Global (Nasdaq : DG). [8]
From 2009-2011, Murphy served as President, Strategy & Development of Caesars Entertainment, [9] an Apollo-TPG portfolio company and the world’s largest gaming company. He was responsible for corporate strategy and growth, mergers & acquisitions, corporate development, and real estate development around the world. Prior to Caesars, Murphy was an operating partner at the private equity firm Apollo Global Management focused on media and entertainment investing.
Murphy spent 18 years at The Walt Disney Company (Nasdaq : DIS) in senior executive roles, serving as Disney’s senior executive vice president, chief strategic officer, [10] [11] senior advisor to the CEO, a member of the company's executive management committee, and CFO of ABC, Inc. [12] He was responsible for strategy, new business development, mergers and acquisitions, technology, brand management, and long term planning for the growth of Disney's global businesses. The "Strategic Planning" department he headed was reviled by other Disney employees and was blamed by some for supposed missteps Disney took towards the end of the Eisner era. [13] [14] During his tenure the company grew from ~$5 billion in revenue to over $35 billion, driven by the acquisition of Capital Cities/ABC which Murphy spearheaded. [15] Other high-profile acquisitions he led include Miramax Film Corp, Fox Family Worldwide and The Muppets. [16] He was recognized by The Hollywood Reporter in their “Next Generation: Hollywood’s Top 35 Executives under 35” list and lectures regularly at the Tuck School of Business at Dartmouth. [17]
Peter Murphy has a bachelor's degree from Dartmouth College where he graduated Phi Beta Kappa and Magna Cum Laude, [18] and an MBA from the University of Pennsylvania Wharton School of Business.
Horizontal integration is the process of a company increasing production of goods or services at the same level of the value chain, in the same industry. A company may do this via internal expansion, acquisition or merger.
Harrah's Entertainment was an American casino and hotel company founded in Reno, Nevada, and based in Paradise, Nevada, that operated over 50 properties and seven golf courses under several brands. In 2013, it was the fourth-largest gambling company in the world, with annual revenues of $8.6 billion. It was acquired in 2020 by Eldorado Resorts, which then changed its own name to Caesars Entertainment.
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Stephen Frasier Bollenbach was a financial manager and former CEO and CFO for many hotel-related organizations. After working with financier Daniel K. Ludwig from 1968 to 1980, he oversaw mergers and acquisitions for various corporations such as the Marriott Corporation, Holiday Corporation, Harrah's Entertainment, the Trump Organization, Disney, and Hilton Hotels. He was on numerous corporate boards, including the non-executive chairman of Los Angeles-based KB Home and a member of the board of directors of Time Warner. Additionally, Bollenbach was on the board of directors for American International Group, Inc. (AIG) during the 2007 financial crisis, and was also a director of Harrah's Entertainment, Inc., Macy's, Inc., and the Los Angeles World Affairs Council.
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Caesars Entertainment, Inc., formerly Eldorado Resorts, Inc., is an American hotel and casino entertainment company founded and based in Reno, Nevada, that operates more than 50 properties. Eldorado Resorts acquired Caesars Entertainment Corporation and changed its own name to Caesars Entertainment on July 20, 2020.
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