The companies' name originates from the number of laps Levy's eldest daughter ran in a jogathon when she was 5 years old.

Levy made his breakout role as a film director on Big Fat Liar, Just Married, and Cheaper by the Dozen.

In 2003, Levy, after the success of his aforementioned feature films, launched his own production company with a first-look deal at 20th Century Fox Television.

[6] In 2005, Levy rebranded the studio to 21 Laps Entertainment and it signed a non-exclusive deal with 20th Century Fox to produce their films.

[9] In July 2016, one of the company's television projects, Stranger Things, premiered on Netflix and achieved critical acclaim, earning a 95% on Rotten Tomatoes with 55 out of 58 reviews being positive.