Ryan Reynolds: movie star, philanthropist, former People’s Sexiest Man Alive, and… exceptional at business?
In 2019, Reynolds acquired a 25%+ stake in Mint Mobile, a prepaid phone plan company that uses T-Mobile’s wireless network. Earlier this week, T-Mobile announced plans to buy Mint in a $1.35B deal.
T-Mobile CEO Mike Sievert touted the benefits of Mint’s “marketing formula,” which largely centers around Reynolds, who also appeared with Sievert in a video announcing the acquisition.
Reynolds co-founded production studio Maximum Effort with former 20th Century Fox exec George Dewey in 2018, which:
This has allowed Reynolds’ companies to produce not only films, but funny, engaging, and topical ads.
Case in point: Davos Brands’ Aviation Gin, in which Reynolds acquired a stake in 2018.
In 2020, Diageo acquired Aviation in a $610m deal, per Food & Wine. In 2022, Reynolds opened an Aviation distillery in Portland, Oregon, that ends with an escape room set in Reynolds’ “office.”
In 2020, Reynolds and actor Rob McElhenney took over Wrexham AFC, a fifth-tier Welsh football team they hoped to revive.
Per Huddle Up’s Joe Pompliano, they invested $2.5m in the team, signed a 25-year local stadium lease, and Reynolds’ studio produced a docuseries about the process.
Wrexham has since enjoyed myriad sponsorship deals, a nearly 3x increase in season ticket sales, and a boom in social media followers.
Now, Reynolds is looking to conjure the same magic with the Ottawa Senators, a Canadian hockey team. If successful, he intends to build the team a new rink and produce another series about that process.