Rales also founded the film production company Indian Paintbrush in 2006, which works closely with filmmaker Wes Anderson.

His work with Anderson has earned him three Academy Award nominations, winning Best Live Action Short Film for The Wonderful Story of Henry Sugar (2023).

Rales also owns the media distribution companies Janus Films and The Criterion Collection and holds a 20% stake in the Indiana Pacers of the National Basketball Association (NBA).

[2] His father was raised in the Hebrew Orphan Asylum of New York and later became a businessman in Washington, D.C. credited for enacting the first employee stock ownership plan transaction in U.S.

[citation needed] In 1988, they made a hostile takeover bid for Interco, a conglomerate comprising manufacturers as diverse as Converse shoes and Ethan Allen furniture.

The company works frequently with filmmaker Wes Anderson, producing films such as Moonrise Kingdom, The Grand Budapest Hotel, and Isle of Dogs.