Skip to content

Reuters: Genco Media & Genius Products

Genco Media and Genius Products Announce New Distribution Agreement

Thu Aug 7, 2008 3:55pm EDT

Genco Media Focused on Producing and Acquiring Rights to Films,
Music, Video Games and Other Entertainment-Related Content and
Properties

NEW YORK–(Business Wire)–
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.

Safe Harbor Statement

Except for historical matters contained herein, the matters
discussed in this press release are forward-looking statements. The
forward-looking statements reflect assumptions and involve risks and
uncertainties that may affect Genius Products’ business, forecasts,
projections and prospects, and cause actual results to differ
materially from those in these forward-looking statements. These
forward-looking statements may include, but are not limited to,
statements regarding our anticipated revenue, income, operating
expenses, operating margins and profitability, the number of
anticipated releases per year under our agreement with Quadrant and
our other content partners, the anticipated timing and performance of
new releases, and the success of our expansion into new lines of
business and/or new territories. Actual results could vary for many
reasons, including but not limited to, our ability to acquire and keep
valuable content and expand our distribution and co-production
partnerships, the unpredictability of audience demand, the popularity
of our video game and DVD titles, our ability to perform under the
terms of our agreement with Quadrant and our other content providers,
our ability to comply with the terms of our credit facility with
Societe Generale, our ability to continue to manage our significant
growth, our ability to continue to attract and keep experienced
management, the effect of technological change, the availability of
alternative forms of entertainment and our ability to maximize our
operating leverage. Other such risks and uncertainties include the
matters described in Genius Products’ filings with the Securities and
Exchange Commission. Genius Products assumes no obligation to update
any forward-looking statements to reflect events or circumstances
after the date of this press release.

GNPI–Investor Relations
John Mills / Anne Rakunas, 310-954-1100

The original article about Genco Media, Genius Products and Alan Quasha’s Quadrant Management appears at Reuters.

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: