FOR IMMEDIATE RELEASESHOUT! FACTORY ANNOUNCES
COMPLETION OF MAJOR ACQUISITION
OF HOME ENTERTAINMENT COMPANY
TIMELESS MEDIA GROUP
Los Angeles, California; May 18, 2012 - Shout! Factory, a leading multi-platform entertainment company, announced that it has acquired Eugene, Oregon-based home entertainment company Timeless Media Group, Inc. for undisclosed terms. This announcement was made by Shout! Factory's founding partners Richard Foos, Bob Emmer and Garson Foos.
Independent home entertainment company Timeless Media Group produces and distributes a variety of video products, including Timeless Media's award-winning military history documentaries, first-run movie titles, classic television programming, and special interest DVDs. Popular home entertainment product lines from Timeless Media Group include television and movie classics The Gene Autry Show, The Virginian, Wagon Train, Laramie, Roy Rogers: King of the Cowboys Western movies collection, Aspen: The Complete Miniseries, Once An Eagle Miniseries, Red Skelton, Snapped, Peter Gunn, as well as over 50 best selling documentaries and other notables.
"Timeless Media Group is a great company with a rich history and has tremendous growth potential. As we're continuing to build on the success we've enjoyed with our distribution and retail partners, this acquisition is a terrific business opportunity and complements our current ventures," stated Shout! Factory's founding partners in a joint statement.
"Norman Andersen built a fantastic company for 36 years. We want to continue their strong tradition and gain from their expertise and experience. Combining both great catalogs and staff will make a bigger, better and more profitable Shout! Factory and Timeless Media Group," added Shout! Factory's founding partners.
Timeless Media Group President Norm Andersen reiterated Shout! Factory founders' comments, "This is a great opportunity and works well for both companies. This acquisition puts Shout! Factory and Timeless Media Group in the position to pool valuable content catalogs and staff resources for greater competitiveness in the industry. This will further the strength of the Timeless Media Group brand."
Shout! Factory will take over the distribution of more than 600 TMG titles. Timeless Media Group will operate as a wholly-owned subsidiary of Shout! Factory and will continue to release titles on a monthly basis. Key executives from Timeless Media Group will be based in Oregon. The company will utilize Shout! Factory's marketing and sales force to support upcoming home entertainment releases from TMG.
About Shout! Factory
Shout! Factory is a diversified entertainment company devoted to producing, uncovering and revitalizing the very best of pop culture. Founders Richard Foos, Bob Emmer and Garson Foos have spent their careers sharing their music, television and film faves with discerning consumers the world over. Shout! Factory's DVD offerings serve up classic, contemporary and cult TV series, riveting sports programs, live music, animation and documentaries in lavish packages crammed with extras. The company's audio catalogue boasts GRAMMY®-nominated box sets, new releases from storied artists, lovingly assembled album reissues and indispensable "best of" compilations. These riches are the result of a creative acquisitions mandate that has established the company as a hotbed of cultural preservation and commercial reinvention. Shout! Factory is based in Los Angeles, California. For more on Shout! Factory, visit shoutfactory.com