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Rumor: Multi-Million $ Media Company In The Works?

June 29, 2010 Rob Lowe, Flavio Briatore

Rumor mill and gossip blog TMZ says actor Rob Lowe is sitting down with some industry heavy-weights and might be putting together a "$500 million" media venture. According to paparazzi in London, Lowe is meeting with American real estate investor Tom Barrack and Italian businessman Flavio Briatore at a London restaurant to discuss a major project.

Barrack, President of Colony Capital, cut his teeth making major deals for a pair of princes in Saudi Arabia. In 1990, he started his own investment firm that now invests billions worldwide. Now, Barrack is ranked by Forbes magazine as the 228th richest man in America.

Briatore has been involved in business since the 80's when he helped clothing retailer Benetton open stores across the United States. He's also been involved in Formula 1 racing.

Now, according to TMZ, the deal might build "a multi-platform media company, similar to DreamWorks" that will involve TV, movie and Internet production.

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By: Maverine Lane

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