Cindy Holland, the longtime Netflix VP of original content who departed the streamer two months ago, has joined the board of Horizon Acquisition Corp. II, a special-purpose acquisition corporation targeting the media and entertainment space.
Horizon Acquisition Corp. II was formed in September by Todd Boehly, co-founder, chairman and CEO of holding company Eldridge Industries, which owns MRC. In September, Penske Media Corp. (Variety’s parent) entered into an agreement with MRC to form a joint venture managing Billboard, Vibe and the Hollywood Reporter alongside PMC’s brands.
Holland exited Netflix in September after 18 years at the company, amid a restructuring of the TV team by content chief Ted Sarandos that elevated Bela Bajaria to the role of VP of global TV. She was named to the board of Horizon Acquisition Corp. II on Nov. 17, according to a company SEC filing Monday.
In October, Horizon Acquisition raised approximately $500 million through an IPO to fund potential M&A activity. A SPAC is a kind of holding company formed solely for the purpose of raising capital through an initial public offering.
“Horizon Acquisition Corporation II is a newly incorporated blank check company… incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses,” the company says in its S-1 filing in September. It said it has “not selected any potential business combination target” at this point nor has it initiated any “substantive discussions” with any potential business combination target.
Other Horizon Acquisition Corp. II board members include MRC Entertainment co-CEOs Asif Satchu and Modi Wiczyk and DraftKings CEO Jason Robins.
Holland, prior to joining Netflix way back in 2002 as VP of content acquisition, served as VP of business development for ecommerce company Kozmo.com. She also oversaw development, production and related agreements for feature films at Mutual Film Co. and Baltimore/Spring Creek Productions.
Boehly, formerly president of Guggenheim Partners, had acquired THR, Billboard and Vibe plus Dick Clark Productions when he exited the investment firm in 2015. Boehly’s Valence Media merged with MRC in early 2018.