There are many successful producers in the entertainment industry. Ryan Kavanaugh, founder and CEO of Relativity Media, is one of them. He engaged in different aspects of entertainment, such as film and television financing. Relativity Media produced, distributed, and structured financing for over two hundred motion pictures. These films generated more than seventeen million dollars over time.
Kavanaugh co-founded Precash, later became Noventus before PayPal existed, which launched in 1997. According to him, watching the acceptance of the digital wallet fascinated him. Seeing cash become irrelevant was so awesome that it belonged to history books.
In 2002, the first interactive television let people stream content through connected TVs. It was a great achievement and a start of a new trend.
When Marvel Studios started in 2005, it became a laughing stock. Almost the entire industry was against it. People mocked the existence of a black superhero. They got baffled by an Iron Man and questioned Captain America. Ryan Kavanaugh pushed through with his ideas against all odds. Today, almost everyone across the globe knows the Marvel Cinematic Universe.
Habit for productivity
When asked what was his habit that made him more productive as an entrepreneur, he gave a simple answer. Meditating. He starts his day by waking up at six in the morning and taking twenty minutes for a meditation.
Like most successful businessmen, Kavanaugh believes that you should think before you react. He has a lot of advice for his younger self and to aspiring entrepreneurs. One is that it is best not to make decisions based on emotion. Pointing out that others are wrong when you know you are right is not a good thing to do.
He treats everyone with respect and believes that people should get a second chance. Although you can buy smart people, you cannot buy loyal people. So, choose your friends.