Genco Distributes Genius


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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.

 

 

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