Liliana Paparelli Ranger serves as a trusted advisor to clients in the entertainment and media industry, helping to execute acquisitions, debt and equity financing transactions and strategic commercial arrangements while navigating a broad spectrum of legal and business issues.

Ms. Ranger advises film and television studios, independent production and distribution companies, streaming platforms, and global media companies as well as the financial institutions and investors that fund them. She regularly helps clients with:

  • Entertainment-specific M&A and strategic joint ventures
  • Company and project-level debt and equity financings 
  • Production, licensing, and distribution arrangements for film, television, and new media content

Steeped in the entertainment industry, Ms. Ranger draws on her broad industry knowledge and extensive network of long-standing relationships to provide clients with astute guidance and insight at all stages of their business life cycle. 

Ms. Ranger previously served on the firm’s Associates Committee and Women’s Leadership Group.

Ms. Ranger’s experience includes representing:

Mergers, Acquisitions, and Joint Ventures

  • Endeavor in its:
    • US$21 billion merger of UFC and WWE
    • US$775 million sale of a majority interest in Endeavor Content to CJ ENM
    • Strategic investment in Asylum Entertainment Group
  • Houston Rockets in the acquisition of AT&T SportsNet Southwest with the Houston Astros
  • Content Partners, in multiple M&A transactions, including its acquisition of Revolution Studios
  • Warner Bros., in several acquisition and strategic joint venture transactions, including its lead investment in PictureStart and its acquisition of DramaFever
  • Legendary Entertainment in its sale to Dalian Wanda
  • Brad Weston in his arrangement with Entertainment One to create Makeready, a global content production company
  • Shamrock Capital in its investment in SaveLive, a live events platform that partners with iconic venues and promoters
  • beIN Media, in its acquisition of Miramax
  • Producer Doug Belgrad, in the formation and capitalization of 2.0 Entertainment, and its studio co-financing arrangements
  • Participant Media, in its acquisition of Rainn Wilson’s SoulPancake
  • Dasym Investment Strategies, in its acquisition of Exclusive Media 

Entertainment Finance

  • A24 in its senior secured revolving credit facility, production facilities and various financing matters
  • A leading film and television entertainment company in a wide range of corporate financing transactions, including its US$1.7 billion revolving credit facility, US$400 million term loan B, and second lien term loan
  • An independent entertainment production and distribution company in its senior secured revolving credit facility and various financing matters
  • Boatrocker Studios in its senior secured credit facility
  • An entertainment production and financing company in its senior secured credit facility

Complex Commercial Arrangements

  • A24 Films, in a wide range of production, distribution, joint venture, acquisition, and financing transactions
  • The Walt Disney Company, in certain financing and related strategic arrangements
  • MGM and Makeready in output distribution arrangements with major studios
  • Mattel and Tencent Pictures in co-production arrangements with major studios and streaming platforms
  • Yoozoo Pictures in its arrangements with Netflix for a tentpole sci-fi series
  • New media venture Westbrook, founded by Will Smith and Jada Pinkett Smith, in a variety of acquisition, development, and financing transactions
  • Production company AGBO founded by directors Joe and Anthony Russo, in various development, production, and financing arrangements

Bar Qualification

  • California


  • JD, Columbia Law School
    Harlan Fiske Stone Scholar
  • BS, New York University, Leonard N. Stern School of Business
    cum laude