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MRC was founded by Modi Wiczyk and Asif Satchu in 2006.<ref name="mediaRights">{{cite news |title=Media Rights Capital Duo to Lead Revamped Hollywood Reporter Parent Company |url=https://www.hollywoodreporter.com/news/general-news/media-rights-capital-duo-lead-revamped-hollywood-reporter-parent-company-1080794/ |access-date=17 December 2023 |publisher=The Hollywood Reporter |date=1 February 2018}}</ref> Its early investors included [[Guggenheim Partners]], [[AT&T]], [[WPP Group]], [[Goldman Sachs]] and ABRY Partners.<ref>{{cite news |last=Bond |first=Paul |date=February 13, 2013 |title=Media Rights Capital Raises $175 Million to Co-Finance Movies |url=https://www.hollywoodreporter.com/news/media-rights-capital-raises-175-421347 |newspaper=The Hollywood Reporter |access-date=March 9, 2016}}</ref><ref>{{cite news |last=Shaw |first=Lucas |date=May 6, 2014 |title=Guggenheim Invests $240 Million in 'House of Cards' Producer Media Rights Capital |url=https://www.thewrap.com/guggenheim-capital-invests-200-million-house-cards-producer-media-rights-capital/ |newspaper=The Wrap |access-date=March 9, 2016}}</ref> In 2007, it funded filmmakers such as [[Robert Rodriguez]], [[Ricky Gervais]], [[Walter Salles]], [[Ryan Murphy (producer)|Ryan Murphy]], [[Richard Kelly (filmmaker)|Richard Kelly]], [[Bennett Miller]] and [[Todd Field]].<ref>{{Cite web|last=Fleming|first=Michael|date=2007-09-05|title=Media Rights to fund top directors|url=https://variety.com/2007/film/markets-festivals/media-rights-to-fund-top-directors-1117971333/|access-date=2021-12-21|website=Variety|language=en-US}}</ref> The same year, it entered into an agreement with [[Warner Bros. Pictures]] to allow Warner to distribute three of the eight pictures over a $250 million feature production funding.<ref>{{Cite web|last1=Thielman|first1=Sam|last2=Garrett|first2=Diane|date=2007-12-05|title=Media Rights Capital, WB pact|url=https://variety.com/2007/film/markets-festivals/media-rights-capital-wb-pact-1117977087/|access-date=2021-12-21|website=Variety|language=en-US}}</ref> MRC launched a television division of the studio in early 2008.<ref>{{Cite web|last=Fleming|first=Michael|date=2008-05-06|title=Metzger moves to Media Rights|url=https://variety.com/2008/scene/markets-festivals/metzger-moves-to-media-rights-1117985119/|access-date=2021-12-21|website=Variety|language=en-US}}</ref>
In 2008, [[The CW]] leased its Sunday-night schedule to MRC beginning in the 2008-09 television season. MRC scheduled the reality show ''[[In Harm's Way (TV series)|In Harm's Way]]'' and the dramas ''[[Valentine (TV series)|Valentine]]'' and ''[[Easy Money (2008 TV series)|Easy Money]]''.<ref>{{cite web|url=http://www.zap2it.com/tv/news/zap-mrcfoursundayshowscw,0,6575842.story|title=MRC Unveils Four Shows for CW Sunday|work=zap2it.com|access-date=August 29, 2008 |archive-url = https://web.archive.org/web/20080529234333/http://www.zap2it.com/tv/news/zap-mrcfoursundayshowscw,0,6575842.story <!-- Bot retrieved archive --> |archive-date = May 29, 2008}}</ref> In November 2008, after all four shows drew poor viewership, The CW announced that it would withdraw from the agreement.<ref>{{cite news|url=https://www.nytimes.com/2008/11/21/business/media/21tele.html?_r=1&ref=television|last=Carter|first=Bill|work=[[The New York Times]]|date=November 20, 2008|title=CW Says It Is Retaking Control of Its Sunday TV Lineup}}</ref> The network returned the Sunday timeslots to its affiliates in the 2009–10 season.<ref>{{Cite news | last= de Morales | first= Lisa | title= For Fall, CW Brings On the Suds -- and Vampires | newspaper=[[The Washington Post]] | date= May 21, 2009 |url= https://www.washingtonpost.com/wp-dyn/content/story/2009/05/21/ST2009052104745.html }}</ref> In 2010, MRC made a bid to buy [[Focus Features]] from [[NBCUniversal]] but was unable to close a deal. That same year, MRC struck a 5-year, 20-picture distribution deal with [[Universal Pictures]].<ref>{{cite web|last=Waxman|first=Sharon|date=2010-05-27|title=Universal Strikes 5-Year Deal to Distribute MRC Films|url=https://www.thewrap.com/universal-strikes-5-year-deal-distribute-mrc-films-17813/|access-date=2024-03-05|website=The Wrap|language=en-US }}</ref> After acquiring rights to produce a [[House of Cards (American TV series)|U.S. remake]] of the BBC miniseries ''[[House of Cards (British TV series)|House of Cards]]'', MRC would sell the series to the streaming service [[Netflix]] in 2011.<ref name="Original">{{cite web|last=Andreeva|first=Nellie|date=March 15, 2011|title=Netflix To Enter Original Programming With Mega Deal For David Fincher-Kevin Spacey Series 'House of Cards'|url=https://www.deadline.com/2011/03/netflix-to-enter-original-programming-with-mega-deal-for-david-fincher-Kevin-Spacey-drama-series-house-of-cards/|url-status=live|archive-url=https://web.archive.org/web/20110316172230/http://www.deadline.com/2011/03/netflix-to-enter-original-programming-with-mega-deal-for-david-fincher-kevin-spacey-drama-series-house-of-cards/|archive-date=March 16, 2011|access-date=March 15, 2011|website=Deadline Hollywood}}</ref><ref name="NYTIMES">{{cite news|last=Stelter|first=Brian|date=January 18, 2013|title=A Drama's Streaming Premiere|work=The New York Times|url=https://www.nytimes.com/2013/01/20/arts/television/house-of-cards-arrives-as-a-netflix-series.html|url-status=live|access-date=January 25, 2013|archive-url=https://web.archive.org/web/20130124213437/http://www.nytimes.com/2013/01/20/arts/television/house-of-cards-arrives-as-a-netflix-series.html|archive-date=January 24, 2013}}</ref><ref name="deadline">{{cite news|last1=Patten|first1=Dominic|date=October 30, 2017|title=Netflix Cancels 'House Of Cards', Says It's 'Deeply Troubled' Over Kevin Spacey Claims|website=[[Deadline Hollywood]]|url=https://deadline.com/2017/10/house-of-cards-canceled-kevin-spacey-scandal-netflix-season-six-1202197604/|url-status=live|access-date=October 31, 2017|archive-url=https://web.archive.org/web/20171030201515/http://deadline.com/2017/10/house-of-cards-canceled-kevin-spacey-scandal-netflix-season-six-1202197604/|archive-date=October 30, 2017}}</ref>
On February 1, 2018, [[Eldridge Industries]], a holding company owned by former Guggenheim Partners president [[Todd Boehly]], announced that it would contribute its media assets — including ''[[The Hollywood Reporter]]'', [[Dick Clark Productions]], and ''[[Billboard (magazine)|Billboard]],'' and merge them with MRC into a new company known as '''Valence Media'''.<ref>{{cite web|author=Andrew Wallenstein|date=February 1, 2018|title=Media Rights Capital, Dick Clark Prods., THR-Billboard Combine Company|url=https://variety.com/2018/biz/news/media-rights-capital-dick-clark-prods-thr-billboard-form-combined-company-1202683829/|access-date=April 17, 2018|work=[[Variety (magazine)|Variety]]}}</ref> In October 2018, MRC formed a joint venture with [[United Talent Agency]] known as Civic Center Media, which seeks to back projects involving its members via MRC.<ref>{{Cite web|last=Hipes|first=Patrick|date=October 10, 2018|title=UTA Teams With MRC On TV Studio Joint Venture Dubbed Civic Center Media|url=https://deadline.com/2018/10/uta-media-rights-capital-tv-studio-civic-center-media-1202480368/|access-date=July 22, 2020|website=Deadline|language=en}}</ref><ref name="lat2018">{{cite news|url=https://www.latimes.com/business/hollywood/la-fi-ct-uta-mrc-20181010-story.html|title=United Talent Agency jumps into TV production in deal with studio behind 'House of Cards'|work=[[Los Angeles Times]]|first=David|last=Ng|date=October 10, 2018|access-date=July 9, 2019}}</ref>
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