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Articles
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Reuters from Business Wire
Genco Media Focused on Producing and Acquiring Rights to
Films, Music, Video Games and Other
Entertainment-Related Content and Properties
Genco Media LLC, an entertainment-based company backed
by
investment firm Quadrant Management Inc., together with
Genius
Products, Inc. (OTCBB:GNPI), a leading independent
home-entertainment
distribution company, announced they have entered into
an agreement
under which Genius Products, LLC will have exclusive
distribution
rights for certain entertainment related content
acquired by Genco
Media, including properties in films, music, and video
games.
"Genco Media is focused on adding to its library of
entertainment
properties through the acquisition and funding of
valuable films,
music and video games. Our goal is to provide content
creators the
means to fund the development of a range of exciting
entertainment
related products," said Alan Quasha, President of
Quadrant Management
and Chairman of Genco Media. "By partnering with Genius
Products,
which has significant expertise in the distribution of
entertainment
products, we will be able to more effectively bring
products to market
and expand the reach of artists' work." Over the past few years, we have built one of the
preeminent
distribution platforms and assembled one of the leading
teams in the
home entertainment industry," said Stephen K. Bannon,
Chairman of
Genius Products, Inc. "Our new relationship with Genco
Media enables
us to capitalize on our strengths and leverage our
management
expertise by expanding our distribution rights of higher
margin
content - without investing our own capital. We believe
this new
strategic alliance with Genco Media and Quadrant will
provide us
greater access to leading intellectual property/content
which we will
utilize to drive distribution revenue moving forward."
"This arrangement is another important step in our
mission to
focus on our core competencies, streamline our
organization and build
on and expand our successful platform," said Trevor
Drinkwater,
President and CEO of Genius Products, Inc.
Genco Media recently acquired the rights to two exciting
video
game properties still in development and slated to be
released and
distributed by Genius later this year.
About Genco Media, LLC
Genco Media, together with its affiliates, invests in
the
acquisition, production and development of films, music,
games and
other entertainment content, with existing ownership of
an extensive
music library and interests in over 1,200 films.
About Quadrant Management, Inc.
Quadrant Management, Inc. is a principal alternative
investment
management firm focused on US and emerging markets.
Quadrant, along
with its affiliates, have in excess of $3.0 billion in
assets under
management and a 30 year investment track record.
About Genius Products
Genius Products, Inc. (OTCBB:GNPI), along with The
Weinstein
Company Holdings LLC, together owns Genius Products,
LLC, a leading
independent home-entertainment distribution company that
produces,
licenses and distributes a valuable library of motion
pictures,
television programming, family, lifestyle and trend
entertainment on
DVD and other emerging platforms through its expansive
network of
retailers throughout the U.S. Genius handles the
distribution,
marketing and sales for such brands as Asia Extreme(TM),
Discovery
Kids(TM), Dragon Dynasty(TM), Dimension Films(TM),
Entertainment
Rights, Classic Media and Big Idea (Entertainment Rights
group
companies), ESPN(R), IFC(R), RHI Entertainment(TM),
Sesame
Workshop(R), The Weinstein Company(R) and WWE(R). Genius
Products,
Inc. is the managing member of Genius Products, LLC, in
which it holds
a 30% equity interest. |