I am a big fan of Shout! Factory and of course a big fan of retro Entertainment on home video, so this announcement by Shout! this morning really piqued my interest.
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