Haim Saban
Haim Saban (; Hebrew: חיים סבן; born October 15, 1944) is an Israeli-American media proprietor, investor, musical composer and producer of records, film, and television. A businessman with interests in financial services, entertainment, and media, he has an estimated net worth of $3.3 billion. Saban is the founder of Saban Entertainment, producer and distributor of children's television programs in the US such as Power Rangers. He headed up consortiums which purchased the broadcasters ProSieben…
Haim Saban
Composer · Writer
1944-10-15 · Alexandria, Egypt · Male
5 series in the catalog
Haim Saban (; Hebrew: חיים סבן; born October 15, 1944) is an Israeli-American media proprietor, investor, musical composer and producer of records, film, and television. A businessman with interests in financial services, entertainment, and media, he has an estimated net worth of $3.3 billion. Saban is the founder of Saban Entertainment, producer and distributor of children's television programs in the US such as Power Rangers. He headed up consortiums which purchased the broadcasters ProSiebenSat.1 Media and Univision Communications. He is a major donor to the United States Democratic Party and active in pro-Israel political efforts in the United States. In March 2017, Saban was honored with the 2,605th star on the Hollywood Walk of Fame for his achievements in television.
Early and personal life
Haim Saban was born in Alexandria, Egypt, to an Egyptian-Jewish family. In 1956, the Saban family immigrated to Israel, along with most of the Egyptian Jewish community. Saban was sent to a Youth Aliyah boarding school. Expelled for being a troublemaker, he enrolled in a night high school where the principal told him: "You're not cut out for academic studies; you're cut out for making money." He served as a soldier in the Israel Defense Forces.
Saban is married to Cheryl Lynn (Flor) Saban, with whom he has two children. He also has two stepchildren, Tifanie and Heidi Lenhart, an actress. He resides in Beverly Hills, California.
Music career
Saban started his music career in 1966 as a bass player and manager with the rock band The Lions of Judah (Ha'arayot), which was named after the Lion of Judah in Jewish Scripture. Saban did not know how to play the bass but conditioned his work booking the band's performances on becoming their bassist. 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.
In Israel, Saban worked as a tour promoter but found himself deep in debt due to financial losses during the Yom Kippur War. He discovered a young Noam Kaniel and took him to Paris, where Saban produced a string of Kaniel's singles and albums. In 1978, Kaniel recorded the theme for Goldorak, the French-dubbed version of UFO Robot Grendizer, the first anime to be telecast in France. This led to Saban's involvement in American cartoon music.
After moving in 1983 to the United States, 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.
Saban Entertainment
He then became a television producer, founding Saban Entertainment in 1988. In the 1990s, Saban's company became known for the production of Power Rangers, Masked Rider, VR Troopers, and Big Bad Beetleborgs, which were Western adaptations of Japanese tokusatsu shows.
Fox Family
In 1996, News Corporation's Fox Children's Network and Haim Saban's Saban Entertainment merged to form Fox Kids Worldwide. Also in that year, the company purchased the C&D library from Jean Chalopin.
With the growing shift in children's television from over-the-air programming blocks to cable channels such as Cartoon Network and Nickelodeon, the combined entity (half-owned by Haim Saban himself) sought to launch a competitor that would carry programming from the popular Fox Kids lineup. Eying The Family Channel, News Corp. made an offer to purchase IFE through the Fox Kids Worldwide division in 1997.
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. and on October 24, 2001, the sale was completed and the network was renamed ABC Family. Saban profited about $1.6 billion from this sale.
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.
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.
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.
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.
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. 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), but sold to private equity firm Searchlight Capital Partners and ex-Viacom finance head Wade Davis in 2020.
Saban Music Group
In 2019, Saban announced that he had formed the Saban Music Group backed by $500 million of his own capital. The company will focus on global artists, particular Latin American, tapping new artists and acquiring existing businesses.
Views and opinions
Saban, a long-time supporter and donor of many Jewish and pro-Israel causes, has stated his main goal in multiple interviews: "I'm a one-issue guy, and my issue is Israel."
Saban became involved in politics in the mid-1990s when he felt that support for Israel was slipping in the United States. He says his views have shifted over the years:
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.
Saban has been a 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. 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…
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