Mathew Knowles is plotting a ‘King Richard’-style biopic story that will tell the origin story of Destiny’s Child as part of a wide-ranging deal that he just completed with investment fund APX Capital Group.
According to fresh reports, the media fund has acquired Knowles’ Music
World Entertainment Group and will merge its film and TV division within APX Capital Group. Mathew will manage this new division, which will be responsible for a $275M fund for film and TV co-productions between the U.S. and Italy.
One of the first projects that is set to come out of the deal is The Mathew Knowles Story, which will trace his story of how he helped his daughters become the global superstars that they are today and how he managed both Destiny’s Child and the solo careers of Beyoncé and Solange as well as Michelle Williams and Kelly Rowland.
Knowles has evidently been buoyed by the success of King Richard, the story of Richard Williams, the father and coach of Venus and Serena Williams, starring Will Smith in the title role.
As part of the deal, the company will own 10,000 hours of footage depicting the history of the Knowles family in the music industry through never-before-seen images, videos and music.
He will also develop, finance and produce a range of diverse content across feature films, scripted series and documentaries. Knowles will exec produce alongside Baram, Wiesenthal, and Pelliccia.
Knowles said the partnership marked a “milestone” moment for his company and career.
“The decision to partner with APX Capital Group is well made and corresponds to Music World Entertainment Group’s intent to expand its film and television portfolio. Through this unique collaboration and as head of this new division under APX I’ll be able to share the story of my life by combining compelling storytelling with access to exceptional talent and music that will both entertain and emphasize a cultural awareness that’s necessary now more than ever. This is the story of my life, and I am honored to be able to transmit it even further through this alliance.”
via Deadline
Would you be here for a Mathew Knowles/Destiny’s Child biopic?
