Parkwood Entertainment
1412 Broadway Floor 24, New York, NY, 10018, United States
Overview
Parkwood Entertainment is an entertainment and management company founded by entertainer and entrepreneur, Beyoncé in 2010, with headquarters in New York City. The company houses departments in music and video production, management, marketing, digital, creative, philanthropy, publicity, and the record label, Parkwood Music. Under its original name, Parkwood Pictures, in 2008, the company released the film Cadillac Records in 2008, in which Beyoncé starred and co-produced. The company also released the film, Obsessed in 2009, with Beyoncé as star and executive producer. Parkwood Entertainment produced The Mrs. Carter Show World Tour from 2013-2014, and co-produced the ON THE RUN TOUR in 2014.
- Total investments
- 1
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Film Production
- Media and Entertainment
- Music
- Video
Investment portfolio
- Sidestep
Led · Seed · Sep 2016
Sidestep is a mobile app that enables fans to order concert merchandise before, during, or after shows and pick purchases up at a dedicated QR‑code skip‑the‑line spot or have items delivered. The company started by selling t‑shirts and posters for Beyoncé on her Formation World Tour and expanded to offer merchandise from acts including Guns N’ Roses, Fall Out Boy, Selena Gomez and Weezer. Sidestep provides artists with buyer data and charges customers a 10% service fee. Beyoncé and her management company Parkwood Entertainment invested $150,000 in Sidestep’s seed round after two weeks of early tour success, and the startup has raised $1.7 million in total from Beyoncé and other backers. The app has recorded over $2 million in sales, a 10× increase from the prior year, demonstrating strong demand. Sidestep will compete with merch sellers such as Merchbar and Yoshirt while positioning itself around concert convenience and increased artist monetization.
Team
No current team members are available.