Haim Saban

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Haim Saban
Born (1944-10-15) October 15, 1944 (age 69)
Alexandria, Kingdom of Egypt
Residence Beverly Hills, California[1] / Israel[2]
Nationality American / Israeli[2]
Other names Hebrew: חיים סבן
Occupation Media proprietor
Net worth $3.4 billion USD(2013)[1]
Spouse(s) Cheryl Lynn (Chackler) Saban (m. 1987)[3]
Children 4[1]
Website
http://www.saban.com/

Haim Saban (Hebrew: חיים סבן‎; born 15 October 1944) is an Egyptian-born Israeli-American television and media proprietor.[2] With an estimated net worth of $3.4 billion, he is ranked by Forbes as the 144th richest person in America.[1]

Biography

Saban was born to a Jewish family in Alexandria, Egypt, in 1944. In 1956, the Saban family immigrated to Israel along with most of the Egyptian Jewish community.[2] Saban was sent to a Youth Aliyah boarding school. Expelled for being a troublemaker, he enrolled in a night school where the principal told him: “You’re not cut out for academic studies; you’re cut out for making money.” [4] Saban is married to Cheryl Lynn (Chackler) Saban,[5] with whom he has two children. He also has two stepchildren, Tifany and Heidi Lenhart. He resides in Beverly Hills, California.[1]

Music career

Saban started his career in 1966 as a bass player and manager[2][6] with the rock band The Lions of Judah (Ha'arayot). In 1969, Dave Watts from the British band The Tornados joined The Lions. That year, the band traveled to England, performed in night clubs in London and was signed up by Polydor Records. In July 1969, the band appeared on the BBC TV programme Colour Me Pop. The Lions recorded a single, "Our Love's A Growing Thing”, but it was not released in the UK due to financial difficulties. The band returned to Israel and Saban focused on being a music promoter.[7]

In the early 1970s, Saban moved to France where he worked as a music producer. His clients included Noam Kaniel, Mike Brant and Shuki & Aviva. He also launched a record company with Shuki Levy.[8]

In 1978 and 1982, Saban used the pseudonym Kussa for music/lyrics writing credits on four records for which he also served as producer using his real name.[9][10] Since then, he has frequently used the name Kussa Mahchi for his composing credits on Saban Entertainment productions,[11][12] including the Mighty Morphin' Power Rangers: The Movie theme song.

Media career

Saban Entertainment

In the United States, he became a television producer, founding Saban Entertainment in 1988.[13] During that time, Haim Saban and partner Shuki Levy became known for soundtrack compositions for children's television programs of the 1980s. Although Levy and Saban composed for their own properties (such as Kidd Video and Maple Town), they scored for other production companies as well (such as Inspector Gadget, The Mysterious Cities of Gold, M.A.S.K., Dinosaucers, Dragon Quest, He-Man and the Masters of the Universe, She-Ra: Princess of Power, and Jayce and the Wheeled Warriors). In 1998, The Hollywood Reporter reported that he did not actually compose all the music (totalling 3,700 works in 2008) he is credited for; ten composers threatened to sue and Saban settled out of court.[14]

In the 1990s, Saban's company became best known for the production of Power Rangers, Masked Rider, VR Troopers and Big Bad Beetleborgs, which were Western adaptations of Japanese tokusatsu shows.

ABC Family

On July 23, 2001, Saban announced that he and News Corporation would sell Fox Family Worldwide Inc for $5.3 billion to The Walt Disney Company.[15] and on October 24, 2001, the sale was completed[13] and the network was renamed ABC Family.[6] Saban profited about $1.6 billion from this sale.[6]

ProSiebenSat.1

In August 2003, Saban led a consortium, which acquired a controlling stake in the straggling ProSiebenSat.1 Media group from the Kirch Media Group, the then-bankrupt German media conglomerate.[16]

ProSiebenSat.1, is Germany's largest commercial television broadcasting company, which owns five German TV channels, including ProSieben and SAT.1, two of the top three stations in Germany. Collectively, ProSiebenSat.1's channels represented approximately 45% of the German TV advertising market at the time. Saban's ProSiebenSat.1 acquisition was the first time a foreigner took control of a significant German Media company.[6]

Saban oversaw a successful business turnaround of ProSiebenSat.1, recruiting former business rivals, ex-BSkyB chief executive Tony Ball and former BBC Director General Greg Dyke to the board of the company.[17]

In March 2007, Saban Capital Group and the consortium sold its controlling interest in ProSiebenSat.1 to KKR and Permira, for 22.40 euros a share after originally paying 7.5 euros per share in 2003.[18]

Univision

On June 27, 2006, Saban Capital Group led a group of investors bidding for Univision Communications, the largest Spanish-language media company in the United States.[19][20] Other investors in the Saban-led group were Texas Pacific Group of Fort Worth, Texas and Thomas H. Lee Partners. The group was successful in acquiring Univision with a bid valued at $13.7 billion (USD).[19][21]

Politics

Saban says his greatest concern is to protect Israel. At a conference in Israel, Saban described his formula. His three ways to influence American politics were: make donations to political parties, establish think tanks, and control media outlets.[22]

Saban became involved in politics in the mid-1990s when he felt that support for Israel was slipping in the United States.[5] He says his views have shifted over the years:[2] "I used to be a real leftist. I remember Arik Sharon [the leader of Israel's right-wing Likud Party] coming here, to my house, a few months before Camp David, when he was still leader of the opposition. He told me there would be no deal because [Yassir] Arafat would not sign. I told myself that there was nothing to be done – these right-wingers were simply insane. I had no doubt that there would be a deal and the problems would be resolved. History proved that Sharon was right and I was wrong. In matters relating to security, that moved me to the right. Very far to the right...When there is a terrorist attack, I am [Avigdor] Lieberman. Sometimes to the right of Lieberman. For two days I really love Lieberman. But afterward I come back to reality. Look, I don't see a solution today."[2]

Saban has been a generous and consistent donor to the United States Democratic Party according to his mandatory Federal Election Commission filings. Mother Jones, in an analysis of the major donors to the campaigns of 1998 election cycle, ranked Saban 155th among individual donors.[23] Amy Paris noted that Saban's Clinton-era "generosity did not go unrewarded. During the Clinton administration, the entertainment executive served on the President's Export Council, advising the White House on trade issues."[23] The New York Times reported that Haim and his wife "slept in the White House several times during President Clinton's two terms." Saban remains close friends with the former President. Clinton described Saban as a "very good friend and supporter."[5] Saban contributed between $5 million to $10 million to the William J. Clinton Foundation.[24]

During the 2000 presidential election, Saban increased his rank to 5th among individual donors with a combined contribution of $1,250,500.[23] Matthew Yglesias wrote that "Saban was the largest overall contributor to the Democratic National Committee during the 2001–2002 cycle." [25] Saban's donations during that 2001–2002 period exceeded $10 million, the largest donation the DNC has received from a single source up to that time.

In September 2004, Hillary Clinton described Saban as a very good friend, supporter and adviser: "I am grateful for his commitment to Israel, to a just and lasting peace in the Middle East and to my foundation's work, particularly on reconciliation issues."[5] In May 2007, Haim publicly declared his support for Clinton in 2008 presidential election.[20] In June 2007, Saban and Steven Spielberg co-hosted a Hillary Clinton fundraiser at the house of Peter Chernin, the President of News Corporation.[26] According to the Los Angeles Times,[26] the fundraiser brought in over $850,000.

In March 2008, Saban was among a group of major Jewish donors to sign a letter to Democratic Party house leader Nancy Pelosi warning her to "keep out of the Democratic presidential primaries."[27] The donors, who "were strong supporters of Sen. Hillary Rodham Clinton presidential campaign", "were incensed by a March 16 interview in which Pelosi said that party 'superdelegates' should heed the will of the majority in selecting a candidate."[27] The letter to Pelosi stated the donors "have been strong supporters of the DCCC" and implied, according to The Jewish Telegraphic Agency,[27] that Pelosi could lose their financial support in important upcoming congressional elections.

On May 19, 2008, it was reported that Haim Saban had "offered $1 million to the Young Democrats of America during a phone conversation in which he also pressed for the organization's two uncommitted superdelegates to endorse the New York Democrat."[28]

Saban has also made donations to members of the Republican Party including a 2003 contribution to George W. Bush's 2004 re-election campaign.[5]

Saban Center for Middle East Policy

In 2002 Saban provided an initial grant of 13 million USD[29][30] and a pledge of additional funds[30] to create the Saban Center for Middle East Policy, a foreign policy think tank based in Washington, D.C.. The Saban Center is part of the larger Brookings Institution think tank.[30] The Saban Center aims to provide policy makers in government with information and analysis regarding America's foreign policy in the Middle East. Saban recruited Martin Indyk to direct the center.[29]

Haim Saban discussed his views on the Middle East and Persian Gulf region in great detail in a 2006 interview with Haaretz. Particularly notable were his comments regarding Iran: "When I see Ahmadinejad, I see Hitler. They speak the same language. His motivation is also clear: the return of the Mahdi is a supreme goal. And for a religious person of deep self-persuasion, that supreme goal is worth the liquidation of five and a half million Jews. We cannot allow ourselves that. Nuclear weapons in the hands of a religious leadership that is convinced that the annihilation of Israel will bring about the emergence of a new Muslim caliphate? Israel cannot allow that. This is no game. It's truly an existential danger."[31]

Saban National Political Leadership Training Seminar

Saban sponsors the American-Israel Public Affairs Committee's Saban National Political Leadership Training Seminar, a series of semiannual seminars in Washington to provide college student activists for three days of intensive pro-Israel advocacy training.[32] The seminars provide up to 300 students from a hundred campuses with training in order to "prepare for challenges and opportunities on their campuses and [the students] left Washington prepared to mobilize for legislative and electoral impact during the next school year and into campaign '08."[33] Among the prominent figures to have addressed the seminars are Senator Evan Bayh and Congressman Mark Kirk and academics David Makovsky, Robert Satloff and Dennis Ross.[33]

Jane Harman AIPAC controversy

Regarding Jane Harman AIPAC Controversy, in April 2009, New York Times, quoting anonymous sources, said a caller promised her that Saban would withhold campaign contributions to Representative Nancy Pelosi if she did not select Ms. Harman for the intelligence post."[34]

California Redistricting

In 2005, Saban spent $100,000[35] to oppose California's 2005 Proposition 77 redistricting reform. Saban contributed $100,000[36] to pass California's 2008 redistricting reform, Proposition 11, which created a Citizens Redistricting Commission to redraw California's state political boundaries, but not U.S. Congressional districts. Saban contributed $2,000,000[37] to support Proposition 27, California's proposed 2010 repeal of Proposition 11, the 2008 redistricting reform – the same reform that Haim Saban previously supported with a $100,000 contribution. He joined list of other well-connected, big-money donors to the Democratic Party in supporting Proposition 27.

Philanthropy

In 2007, Saban donated $14 million to complete the children's hospital at Soroka Medical Center.[38]

Saban, a long-time supporter and donor of many pro-Jewish and Israel causes, has stated his main goal in multiple interviews: "I'm a one-issue guy, and my issue is Israel."[39]

References

  1. ^ a b c d e Haim Saban – Forbes, Forbes.com. Accessed October 2013
  2. ^ a b c d e f g Shavit, Ari (2006-09-12). "'You made it big, you jerk!'". Israel: Haaretz. Retrieved 2008-05-07. 
  3. ^ http://upstart.bizjournals.com/executives/features/2008/08/13/Profile-of-Fundraiser-Haim-Saban.html?page=all
  4. ^ Haim Saban, The Influencer
  5. ^ a b c d e Sorkin, Andrew (2004-09-05). "Schlepping to Moguldom". The New York Times. Retrieved 2008-05-07. 
  6. ^ a b c d Ackman, Dan (2003-03-17). "Mighty Morphin Haim Saban". Forbes. Retrieved 2008-05-07. 
  7. ^ Kutner, Yoav, "The Lions Biography", Mooma -Israel's music website-, retrieved 2009-11-03 
  8. ^ From "Dallas" to Masada – Shuki Levy's Biography, retrieved 2009-11-03 
  9. ^ "United States Copyright Office records search for "Kussa, pseud."". Retrieved 2011-09-02. 
  10. ^ "D.B.M. : Discobeatlemania b/w Kiss Me (British 12") – Vinyl Records". Retrieved 2011-09-02. 
  11. ^ "Kussa Mahchi – Yahoo! TV". Retrieved 2011-09-02. 
  12. ^ "United States Copyright Office records search for "Author = Mahchi, Kussa, pseud."". Retrieved 2011-09-02. "Authorship on Application: music: Haim Saban (Kussa Mahchi, pseud.)" 
  13. ^ a b "Haim Saban". Saban. Retrieved 2009-02-19. 
  14. ^ Wallace, Amy (2008-08-13). "Profile of Fundraiser Haim Saban - Executives - Portfolio.com". Portfolio. Retrieved 2011-09-02. "According to Saban, 10 composers threatened to sue him for $1 million each. “Yeah,” he tells me, “and we settled for $10,000 a pop. They knew they had zero case. They were totally wrong.”" 
  15. ^ "News Corp. and Haim Saban Reach Agreement to Sell Fox Family Worldwide to Disney for $5.3 Billion". Saban. July 23, 2001. Retrieved 2009-02-19. 
  16. ^ "Saban's Bid for German Broadcaster Is Accepted". Los Angeles Times. August 6, 2003. 
  17. ^ Timms, Dominic (10 May 2004). "Saban brings Dyke and Ball on board". The Guardian. 
  18. ^ O'brien, Kevin J (December 15, 2006). "2 Equity Firms Paying $7.6 Billion for Largest German TV Broadcaster". New York Times. 
  19. ^ a b "Univision Accepts $12.3 billion Saban-led Bid". Reuters. 2006-06-27. Retrieved 2008-05-07. 
  20. ^ a b Mehta, Stephanie (2007-05-14). "The man with the golden gut". Fortune. Retrieved 2008-05-07. 
  21. ^ "Univision to Be Acquired by Madison Dearborn Partners, Providence Equity Partners, Texas Pacific Group, Thomas H. Lee Partners and Saban Capital Group for $13.7 Billion". Saban. July 23, 2001. Retrieved 2009-02-23. 
  22. ^ http://www.newyorker.com/reporting/2010/05/10/100510fa_fact_bruck
  23. ^ a b c Paris, Amy (2001-03-05). "The Mother Jones 400: Haim Saban (with Cheryl)". Mother Jones. Archived from the original on 2008-01-13. Retrieved 2009-02-27. 
  24. ^ New York Times, "Clinton Foundation Donors: Haim Saban and The Saban Family Foundation"
  25. ^ Yglesias, Matthew (2007-06-10). "Haim Saban". The Atlantic. Retrieved 2008-05-07. 
  26. ^ a b Daunt, Tina (2007-07-07). "CAUSE CELEBRE: Was it just one of those things? A brief fling with the Obama camp appears to be fading as Sen. Clinton's Hollywood support solidifies.". Los Angeles Times. Retrieved 2008-05-07. 
  27. ^ a b c "Jewish Clinton backers warn Pelosi on meddling". Jewish Telegraphic Agency. 2008-03-28. Archived from the original on 2008-03-31. Retrieved 2008-05-07. 
  28. ^ Pitney, Nico (2008-05-19). "Superdelegates Turned Down $1 Million Offer From Clinton Donor". Huffington Post. Retrieved 2008-05-19. 
  29. ^ a b "Saban Center for Middle East Policy". SourceWatch. 2006-12-07. Retrieved 2008-05-07. 
  30. ^ a b c "About Us". Saban Center for Middle East Policy. Retrieved 2008-05-07. 
  31. ^ “Haim Saban” The Atlantic, June 10, 2007.
  32. ^ Peace Now
  33. ^ a b AIPAC
  34. ^ Lewis, Neil A.; Mazzetti, Mark (2009-04-20). "Lawmaker Is Said to Have Agreed to Aid Lobbyists". New York Times. Retrieved 2009-04-21. 
  35. ^ California Secretary of State, "Campaign Finance: A COALITION OF LEGAL EXPERTS, FILMMAKERS, BUSINESSMEN, AND WORKING PEOPLE. MAJOR FUNDING BY SHANGRI-LA ENTERTAINMENT, LLC & AMERICAN FAMILY VOICES – NO ON 77"
  36. ^ California Secretary of State, "CALIFORNIA VOTERS FIRST, YES ON 11 FOR CHANGE IN SACRAMENTO – A COALITION OF CONSUMER, SENIOR, PUBLIC INTEREST, TAXPAYER, COMMUNITY AND BUSINESS GROUPS AND LEADERS. MAJOR FUNDING PROVIDED BY GOVERNOR:"
  37. ^ California Secretary of State, "Campaign Finance: YES ON FAIR, YES ON 27 – A COALITION OF ENTREPERNEURS, WORKING PEOPLE, BUSINESSES, COMMUNITY LEADERS SUCH AS KAREN BASS, AND OTHER CONCERNED CITIZENS DEVOTED TO ELIMINATING BUREAUCRATIC WASTE OF TAX..."
  38. ^ Saban gives $14m. to Soroka hospital
  39. ^ NYT - "Schlepping to Moguldom"

Bibliography

External links