Harry Strauss Zelnick (born June 26, 1957) is an American businessman. Born in
Boston
Boston (), officially the City of Boston, is the capital city, state capital and List of municipalities in Massachusetts, most populous city of the Commonwealth (U.S. state), Commonwealth of Massachusetts, as well as the cultural and financ ...
and raised in
South Orange, New Jersey
South Orange, officially the Township of South Orange Village, is a suburban township in Essex County, New Jersey, United States. As of the 2010 United States Census, the village's population was 16,198, reflecting a decline of 766 (4.5%) fr ...
, he attended
Columbia High School Columbia High School may refer to:
*Columbia High School (Huntsville, Alabama)
*Columbia High School (Georgia)
*Columbia High School (Florida)
*Columbia High School (Idaho)
*Columbia High School (Illinois)
*Columbia High School (Mississippi), a Mis ...
,
Wesleyan University
Wesleyan University ( ) is a private liberal arts university in Middletown, Connecticut. Founded in 1831 as a men's college under the auspices of the Methodist Episcopal Church and with the support of prominent residents of Middletown, the c ...
,
Harvard Business School
Harvard Business School (HBS) is the graduate business school of Harvard University, a private research university in Boston, Massachusetts. It is consistently ranked among the top business schools in the world and offers a large full-time MBA ...
, and
Harvard Law School
Harvard Law School (Harvard Law or HLS) is the law school of Harvard University, a private research university in Cambridge, Massachusetts. Founded in 1817, it is the oldest continuously operating law school in the United States.
Each class ...
. He is the founder,
chief executive officer
A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especial ...
(CEO), and managing partner of
private equity
In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a typ ...
firm ZMC, the chairman and CEO of video game company
Take-Two Interactive
Take-Two Interactive Software, Inc. is an American video game holding company based in New York City and founded by Ryan Brant in September 1993.
The company owns two major publishing labels, Rockstar Games and 2K, which operate internal ...
, and the former chairman of media conglomerate
CBS Corporation
The second incarnation of CBS Corporation (the first being a short-lived rename of the Westinghouse Electric Corporation) was an American multinational media conglomerate with interests primarily in commercial broadcasting, publishing, an ...
.
Early life and education
Harry Strauss Zelnick was born on June 26, 1957, in Boston. His mother, Susan Strauss Manello, died on October 22, 1967, when Harry was ten years old. He and his siblings were raised by their aunt Elsa (née Strauss) and her husband Allan Zelnick (died in 2013). He grew up in
South Orange, New Jersey
South Orange, officially the Township of South Orange Village, is a suburban township in Essex County, New Jersey, United States. As of the 2010 United States Census, the village's population was 16,198, reflecting a decline of 766 (4.5%) fr ...
.
Strauss Zelnick graduated in 1975 from
Columbia High School Columbia High School may refer to:
*Columbia High School (Huntsville, Alabama)
*Columbia High School (Georgia)
*Columbia High School (Florida)
*Columbia High School (Idaho)
*Columbia High School (Illinois)
*Columbia High School (Mississippi), a Mis ...
in
Maplewood, New Jersey
Maplewood is a township in Essex County in the U.S. state of New Jersey. The township is an inner-ring suburban bedroom community of New York City in the New York metropolitan area. As of the 2020 United States census, the township's popula ...
and studied
psychology
Psychology is the scientific study of mind and behavior. Psychology includes the study of conscious and unconscious phenomena, including feelings and thoughts. It is an academic discipline of immense scope, crossing the boundaries betwe ...
and English at
Wesleyan University
Wesleyan University ( ) is a private liberal arts university in Middletown, Connecticut. Founded in 1831 as a men's college under the auspices of the Methodist Episcopal Church and with the support of prominent residents of Middletown, the c ...
from 1975 until 1979, obtaining a
Bachelor of Arts
Bachelor of arts (BA or AB; from the Latin ', ', or ') is a bachelor's degree awarded for an undergraduate program in the arts, or, in some cases, other disciplines. A Bachelor of Arts degree course is generally completed in three or four yea ...
degree with honors. During his time at Wesleyan, he was the national
public relations
Public relations (PR) is the practice of managing and disseminating information from an individual or an organization (such as a business, government agency, or a nonprofit organization) to the public in order to influence their perception. ...
director for the Coalition of Independent College and University Students (COPUS). Zelnick simultaneously enrolled at
Harvard Business School
Harvard Business School (HBS) is the graduate business school of Harvard University, a private research university in Boston, Massachusetts. It is consistently ranked among the top business schools in the world and offers a large full-time MBA ...
and
Harvard Law School
Harvard Law School (Harvard Law or HLS) is the law school of Harvard University, a private research university in Cambridge, Massachusetts. Founded in 1817, it is the oldest continuously operating law school in the United States.
Each class ...
in 1979, obtaining a
Master of Business Administration
A Master of Business Administration (MBA; also Master's in Business Administration) is a postgraduate degree focused on business administration. The core courses in an MBA program cover various areas of business administration such as accou ...
degree from the former in 1982 and a
Juris Doctor
The Juris Doctor (J.D. or JD), also known as Doctor of Jurisprudence (J.D., JD, D.Jur., or DJur), is a graduate-entry professional degree in law
and one of several Doctor of Law degrees. The J.D. is the standard degree obtained to practice l ...
from the latter in 1983.
Career
In 1983, he started as vice president for television international sales at Columbia Pictures International Television. In 1986, he joined Vestron Inc. as senior vice president of corporate development. He became executive vice president the following year and was promoted to president in 1988, overseeing all managing operations for the company. He quit in 1989 to join 20th Century Fox as president and CEO before leaving that role in 1993 to join
Crystal Dynamics
Crystal Dynamics, Inc. is an American video game developer based in San Mateo, California and part of Embracer Group. The studio developed the ''Gex'', '' Legacy of Kain'', and ''Tomb Raider'' series. Founded in 1992 by Madeline Canepa, Judy ...
.
Zelnick is the chief executive officer and managing partner of ZMC, a
private equity
In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a typ ...
investment firm based in New York City specializing in
leveraged buyout
A leveraged buyout (LBO) is one company's acquisition of another company using a significant amount of borrowed money ( leverage) to meet the cost of acquisition. The assets of the company being acquired are often used as collateral for the loa ...
s and
growth capital
Growth capital (also called expansion capital and growth equity) is a type of private equity investment, usually a minority investment, in relatively mature companies that are looking for capital to expand or restructure operations, enter new mar ...
. He founded ZMC in 2001 with a starting capital of . Following an investor-staged takeover of
Take-Two Interactive
Take-Two Interactive Software, Inc. is an American video game holding company based in New York City and founded by Ryan Brant in September 1993.
The company owns two major publishing labels, Rockstar Games and 2K, which operate internal ...
in 2007, Zelnick became the chairman, chief executive officer, and largest single
shareholder
A shareholder (in the United States often referred to as stockholder) of a corporation is an individual or legal entity (such as another corporation, a body politic, a trust or partnership) that is registered by the corporation as the legal ...
of Take-Two.
Zelnick was appointed to the board of CBS Corporation in 2018.
In 2021, ZMC purchased a controlling interest in
The Second City
The Second City is an improvisational comedy enterprise and is the oldest ongoing improvisational theater troupe to be continually based in Chicago, with training programs and live theatres in Toronto and Los Angeles. The Second City Theatre o ...
, a Chicago-based comedy troupe.
Personal life
Zelnick is Jewish. He has four sisters: Karen Davis, Beth Kaufman, Marci Zelnick Rodriguez, and Laurie Zelnick. His brother, Carl D. Zelnick, died in 1995. Zelnick married Wendy J. Belzberg (the daughter of
Samuel Belzberg
Samuel Belzberg, (June 26, 1928 – March 30, 2018) was a Canadian businessman and philanthropist.
Biography
Samuel Belzberg was born to a Jewish family in Calgary, Alberta