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.

Liliana 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, Liliana 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. 

Liliana previously served on the firm’s Associates Committee and Women Lawyers Group.

Liliana's experience includes representing:

Mergers, Acquisitions, and Joint Ventures

  • Paramount Skydance Corporation in its pending US$110 billion acquisition of Warner Bros. Discovery
  • Skydance Media in its merger with Paramount to form Paramount Skydance Corporation at an enterprise value of approximately US$28 billion
  • Endeavor in its:
    • US$13 billion sale to Silver Lake
    • US$21 billion merger of UFC and WWE
    • US$775 million sale of a majority interest in Endeavor Content to CJ ENM
    • Pending sale of 160over90 to Publicis Groupe
    • Strategic investment in Asylum Entertainment Group
  • TPG and The Initial Group Global in its investment in Good World Management
  • Houston Rockets in the acquisition of AT&T SportsNet Southwest with the Houston Astros
  • NFL Players Association in the recapitalization of the joint venture OneTeam Partners with HPS, Atlantic Park and Morgan Stanley
  • Content Partners, in multiple film and television library acquisitions and other M&A transactions, including its acquisition of Forensic Files and Revolution Studios
  • Multiple music catalogue acquisitions, including:
    • KKR in its acquisition of the OneRepublic/Ryan Tedder catalogue
    • Eldridge in its acquisition of The Killers catalogue
    • Northleaf in its strategic alliance with Lyric Capital Group for acquisition of Spirit Music publishing assets
  • 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 US$3.5 billion sale to Dalian Wanda
  • Shamrock Capital in its acquisition of multiple film libraries and investment in SaveLive
  • beIN Media, in its acquisition of Miramax
  • Brad Weston in his arrangement with Entertainment One to create Makeready, a global content production company
  • 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

Strategic Commercial Arrangements

  • New Regency in its long-term partnership with Shamrock Capital
  • 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
  • Spotify in its exclusive first look podcast agreement with J.J. Abrams/Bad Robot
  • Yoozoo Pictures in its arrangements with Netflix for the Three-Body Problem sci-fi series
  • 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

Education

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