Copyright © 2021 Penske Business Media, LLC. This is the first of several things to come in this space.”. You have successfully subscribed to our list. Investor Tom Gores scooped up another entertainment asset through his firm Platinum Equity, acquiring the distribution business of digital cinema distribution company Deluxe Entertainment… By clicking 'Send' you agree to receive communications from us. '&l=' + l : ''; j.async = true; j.src = 'https://www.googletagmanager.com/gtm.js?id=' + i + dl; f.parentNode.insertBefore(j, f); })(window, document, 'script', 'dataLayer', 'GTM-TQKGM74'); Entertainment • Corporate Divestiture • Acquired in June 2020. The concurrent acquisitions of the Deluxe distribution business and CineVision were led by David Eisman and Glen Mastroberte of law firm Skadden Arps. LOS ANGELES, July 1, 2020 /PRNewswire/ -- Platinum Equity today announced the acquisition of Deluxe Entertainment Services Inc.'s distribution business ("Deluxe"). Former Deluxe CEO Cyril Drabinsky, who left the company in 2016, is returning to lead the distribution business as CEO under Platinum Equity’s ownership. La empresa norteamericana Platinum Equity anunció la adquisición del negocio de distribución de Deluxe Entertainment Services. INITIATIVES. Recruited former Deluxe CEO and key members of previous leadership team to return and lead the business during pivotal time for entertainment industry, Continue to identfy opportunities for technical innovation. (Deluxe Entertainment’s creative businesses are not included in the acquisition. Financial terms were not disclosed. The moved shored up finances at the company hard hit by the coronavirus crisis. Financial terms were not disclosed. Deluxe Entertainment’s creative businesses are not included in the acquisition. Moelis … Platinum Equity today announced the acquisition of Deluxe Entertainment Services’ distribution business. Theaters Prepare To Reopen, NCAA March Madness Is Back As A TV And Betting Draw – But Also A Virus Crapshoot, Pic Overtakes All-Time Box Office Title From ‘Avengers: Endgame’ Thanks To China Reissue. LOS ANGELES, July 1, 2020 /PRNewswire/ -- Platinum Equity today announced the acquisition of Deluxe Entertainment Services Inc.'s distribution business ("Deluxe"). (Image credit: Deluxe Entertainment) LOS ANGELES— Deluxe Entertainment has sold the distribution side of its business to Platinum Equity, owned by billionaire Tom Gores. We want to hear from you! Deluxe provides Localization, Mastering, Distribution, Platform and Fulfillment services to the world’s leading content production studios. A leading provider of end-to-end post production services for the world’s leading content production studios. Tom Gore ’s Platinum Equity is expanding its entertainment investments with the acquisition of Deluxe Entertainment Services Inc.'s distribution business. As part of the transition, CineVizion’s assets will be integrated into Deluxe. LOS ANGELES, July 1, 2020 /PRNewswire/ -- Platinum Equity today announced the acquisition of Deluxe Entertainment Services Inc.'s distribution business ("Deluxe… Platinum Equity announced the acquisition of Deluxe Entertainment Services Inc.’s distribution business (“Deluxe”). PRNewswire. Stockhouse.com use cookies on this site. Tom Gores ’ Platinum Equity has acquired the distribution business of Deluxe Entertainment Services. LOS ANGELES (July 1, 2020) – Platinum Equity today announced the acquisition of Deluxe Entertainment Services Inc.’s distribution business (“Deluxe”). Deluxe Entertainment's creative businesses are not included in the acquisition. Acquired Deluxe Entertainment's distrbution business in June 2020. You may unsubscribe at any time. "The entertainment industry, like many others, has been seriously disrupted by the coronavirus crisis," said Tom Gores, chairman and CEO of Platinum Equity. Billionare Gores, owner of the Detroit Pistons, was most recently seen helping his brother, Paradigm chief Sam Gores weather a tough economy by taking an owership interest in the agency through another investment company, Crescent Drive Media. Deluxe Entertainment’s creative businesses are not included in the acquisition. ® 2021 Platinum Equity Advisors, LLC. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O ® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. “The company drove the evolution of digital cinema distribution and has continued to reinvent itself in partnership with content creators around the world. All Rights reserved. 2130 North Hollywood Way function OptanonWrapper() { } Firm recruits former CEO Cyril Drabinsky to return and lead business at a pivotal time for an industry disrupted by coronavirus crisis. Signing up for our Newsletter is subject to our Privacy Notice. Las divisiones de ámbito creativo de la compañía no están incluidas en la adquisición. Los Angeles (July 1, 2020) – Platinum Equity today announced the acquisition of Deluxe Entertainment Services Inc.’s distribution business (“Deluxe”). We are strongly committed to protecting your privacy. 91505 Financial terms were not disclosed. LOS ANGELES, July 1, 2020 /PRNewswire/ -- Platinum Equity today announced the acquisition of Deluxe Entertainment Services Inc.'s distribution … “It will take both experience and tenacity to make it through to the other side, but we are confident that good companies with strong fundamentals and capable leadership will not only survive this crisis, but thrive.”, “Deluxe has been a cornerstone of the entertainment industry for more than 100 years,” Gores added. Tom Gores’ Platinum Equity has acquired the distribution business of Deluxe Entertainment Services. Alston & Bird client Platinum Equity has acquired the distribution business of Deluxe Entertainment Services Inc., a leading digital postproduction technology and distribution service provider. This Week In Music: Enjoy The Grammys, But Focus On What’s Missing, Not Who, Chuck Schumer, Kirsten Gillibrand Call For NY Gov. Deluxe Media Inc., formerly Deluxe Entertainment Services Inc. (or simply Deluxe) is an American media company whose clients include motion picture groups, television studios, digital content providers, and advertising agencies. Platinum Equity Expands Entertainment Portfolio With Acquisition Of Deluxe Entertainment's Distribution Business. Deluxe Entertainment Services Group Deluxe Entertainment Services Group Inc., a wholly-owned subsidiary of MacAndrews & Forbes Holdings Inc., is a leading provider of a broad Acquiring Organization: Platinum Equity Platinum Equity is a private equity investment firm that focuses on leveraged buyout investments of established companies. Drabinsky was an executive at Deluxe for nearly 20 years and led the company’s transformation from an analog film processing business into a leading digital post-production technology and distribution service provider. “The entertainment industry, like many others, has been seriously disrupted by the coronavirus crisis,” said Gores, chairman-CEO of Platinum, in a statement. Deluxe provides Localization, Mastering, Distribution, Platform and Fulfillment services to the world’s leading content production studios. Recruited former Deluxe CEO and key members of previous leadership team to return and lead the business during pivotal time for entertainment industry; Pursue strategic add-on opportunities LOS ANGELES (July 1, 2020) – Platinum Equity today announced the acquisition of Deluxe Entertainment Services Inc.’s distribution business (“Deluxe”). Platinum Equity buys Deluxe Entertainment's distribution business L.A. Biz "entertainment" - Google News July 02, 2020 at 03:03AM https://ift.tt/38j1q1m Platinum Equity buys Deluxe Entertainment's distribution business - L.A. Biz "entertainment" - Google News https://ift.tt/2p9uLJo Bagikan Berita Ini There was a problem submitting your request. Deluxe Entertainment’s creative businesses are not included in the acquisition. USA, Platinum Equity Business Development Former Deluxe CEO Cyril Drabinsky, who left the company in 2016 to found CineVizion, is returning to lead the business as CEO under Platinum Equity's ownership. Financial terms were not disclosed. Financial terms were not disclosed and Deluxe Entertainment’s creative businesses are not included in the acquisition. On July 1, 2020, several media outlets in Hollywood reported that Deluxe Entertainment’s distribution business had been acquired by Platinum Equity, a private equity (PE) firm headquartered in Beverly Hills, California. Former Deluxe CEO Cyril Drabinsky, who left the company in 2016 to found digital cinema facility CineVizion, is returning to lead the business as CEO under Platinum Equity's ownership. Andrew Cuomo Over Harassment Allegations – Update, Discovery Extends Remote Work From June To September For Employees Globally, helping his brother, Paradigm chief Sam Gores, Hollywood Unions Have Finest Hour; Broadway’s ‘Company’ One Year After Shutdown, An Oral History, ‘Raya And The Last Dragon’ At $52.6M WW; L.A. Beverly Hills-based Platinum Equity has purchased Burbank-based Deluxe Entertainment Services Inc.'s distribution business. Platinum Equity Expands Entertainment Portfolio with Acquisition of Deluxe Entertainments Distribution Business, E-mail Platinum Equity Business Development. CA Deluxe Entertainment’s creative businesses are not included in the acquisition. The financial terms of the deal were not disclosed. (function (w, d, s, l, i) { w[l] = w[l] || []; w[l].push({ 'gtm.start': new Date().getTime(), event: 'gtm.js' }); var f = d.getElementsByTagName(s)[0], j = d.createElement(s), dl = l != 'dataLayer' ? According to news reports, Deluxe Entertainment has sold most of its business divisions to Platinum Equity. Burbank, Former Deluxe CEO Cyril Drabinsky, who left the company in 2016 to found CineVizion, will return to lead the business as CEO under Platinum Equity’s ownership. Financial terms were not disclosed. Our Newsletter is subject to our Privacy Notice. By submitting your contact information, you acknowledge that you have read our Privacy Notice and that you consent to our processing of data in accordance with our Privacy Notice. Tom Gores’ Platinum Equity has acquired the distribution business of Deluxe Entertainment Services. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. Financial terms were not disclosed. Former Deluxe CEO Cyril Drabinsky, who left the company in 2016 to found CineVizion, is returning to lead the business again. Financial terms were not disclosed. Deluxe will retain its creative businesses, which are not included in the acquisition. Platinum Equity has acquired the distribution business of Deluxe Entertainment Services, a Los Angeles-based provider of subtitling, sound mastering, encryption and other services to the entertainment industry.As part of the deal, former Deluxe CEO Cyril Drabinsky will return to his role to lead the newly acquired unit. Former Deluxe CEO Cyril Drabinsky, who left the company in 2016 to found CineVizion, is returning to lead … Platinum Equity today announced the acquisition of Deluxe Entertainment Services Inc.’s distribution business (“Deluxe”). All Rights Reserved. Deluxe Entertainment’s creative businesses are not included in the acquisition. On July 1, 2020, Platinum Equity announced the acquisition of Deluxe Entertainment Services Inc.’s distribution business (“Deluxe”). As part of the transition, CineVizion’s assets will be integrated into Deluxe… Financial terms were not disclosed. They will remain operational, but drop the “Deluxe Entertainment” name). You may unsubscribe at any time. By continuing to use our service, you agree to our use of cookies. Former Deluxe CEO Cyril Drabinsky, who left the company in 2016 to found CineVizion, is returning to lead the business as CEO under Platinum Equity's ownership.As part of the transition, CineVizion's assets will be integrated into Deluxe. Read on to learn about the deal. Deluxe Entertainment's creative businesses are not included in the acquisition. Financial terms were not disclosed. Global investment firm Platinum Equity today announced the acquisition of Deluxe Entertainment Services’ … Los términos financieros no fueron revelados. Alston & Bird LLP and Skadden, Arps, Slate, Meagher & Flom LLP provided legal counsel to Platinum Equity on the acquisitions of Deluxe and CineVizion. Send us a tip using our annonymous form. Deluxe Entertainment’s creative businesses are not included in the acquisition. Andrew Cuomo To Resign – Update, NY State Assembly To Open Impeachment Inquiry Into Gov. Tax Planning; Personal Finance; Save for College; Save for Retirement; Invest in Retirement Deluxe Entertainment’s … +1 310.712.1850. Financial terms were not disclosed. At this pivotal time for the industry, Cyril’s leadership, combined with Platinum’s financial resources and operational expertise, will help the company move forward stronger than ever. Source: BoxOffice Deluxe: Platinum Equity expands entertainment portfolio with acquisition of deluxe entertainment's distribution business Firm recruits former CEO Cyril Drabinsky to return and lead business at a pivotal time for an industry disrupted by Coronavirus On July 1, 2020, Platinum Equity announced the acquisition of Deluxe Entertainment Services Inc.'s distribution business ("Deluxe"). Signup for Breaking News Alerts & Newsletters, Get our latest storiesin the feed of your favorite networks. Financial terms were not disclosed. Deluxe Entertainment Services Group Inc., a wholly-owned subsidiary of MacAndrews & Forbes Holdings Inc., is a leading provider of a broad range of entertainment industry services and technologies to the worldwide entertainment industry including the Hollywood studios, broadcast/cable/satellite providers, digital distribution, gaming
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