Signup for Breaking News Alerts & Newsletters, Get our latest storiesin the feed of your favorite networks. 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. On July 1, 2020, Platinum Equity announced the acquisition of Deluxe Entertainment Services Inc.’s distribution business (“Deluxe”). Tom Gores ’ Platinum Equity has acquired the distribution business of Deluxe Entertainment Services. Financial terms were not disclosed. Moelis … 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 as CEO under Platinum Equity's ownership. You may unsubscribe at any time. Burbank, LOS ANGELES (July 1, 2020) – Platinum Equity today announced the acquisition of Deluxe Entertainment Services Inc.’s distribution business (“Deluxe”). 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. Alston & Bird client Platinum Equity has acquired the distribution business of Deluxe Entertainment Services Inc., a leading digital postproduction technology and distribution service provider. Deluxe Entertainment’s … Platinum Equity announced the acquisition of Deluxe Entertainment Services Inc.’s distribution business (“Deluxe”). All Rights Reserved. Platinum Equity today announced the acquisition of Deluxe Entertainment Services’ distribution business. '&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. Platinum Equity Expands Entertainment Portfolio with Acquisition of Deluxe Entertainments Distribution Business, E-mail Platinum Equity Business Development. “The company drove the evolution of digital cinema distribution and has continued to reinvent itself in partnership with content creators around the world. Platinum Equity today announced the acquisition of Deluxe Entertainment Services Inc.’s distribution business (“Deluxe”). +1 310.712.1850. 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(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' ? Financial terms were not disclosed. Financial terms were not disclosed. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. Deluxe Entertainment’s creative businesses are not included in the acquisition. Former Deluxe CEO Cyril Drabinsky, who left the company in 2016 to found CineVizion, is returning to lead … function OptanonWrapper() { } You may unsubscribe at any time. 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. As part of the transition, CineVizion’s assets will be integrated into Deluxe. 2130 North Hollywood Way You have successfully subscribed to our list. They will remain operational, but drop the “Deluxe Entertainment” name). Las divisiones de ámbito creativo de la compañía no están incluidas en la adquisición. A leading provider of end-to-end post production services for the world’s leading content production studios. Investor Tom Gores scooped up another entertainment asset through his firm Platinum Equity, acquiring the distribution business of digital cinema distribution company Deluxe Entertainment… Deluxe Entertainment’s creative businesses are not included in the acquisition. INITIATIVES. Alston & Bird LLP and Skadden, Arps, Slate, Meagher & Flom LLP provided legal counsel to Platinum Equity on the acquisitions of Deluxe and CineVizion. Tom Gore ’s Platinum Equity is expanding its entertainment investments with the acquisition of Deluxe Entertainment Services Inc.'s distribution business. Deluxe Entertainment’s creative businesses are not included in the acquisition. Los términos financieros no fueron revelados. “The entertainment industry, like many others, has been seriously disrupted by the coronavirus crisis,” said Gores, chairman-CEO of Platinum, in a statement. 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. Deluxe Entertainment's creative businesses are not included in the acquisition. 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. Tax Planning; Personal Finance; Save for College; Save for Retirement; Invest in Retirement Deluxe Entertainment’s creative businesses are not included in the acquisition. 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. 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. 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 The concurrent acquisitions of the Deluxe distribution business and CineVision were led by David Eisman and Glen Mastroberte of law firm Skadden Arps. (Image credit: Deluxe Entertainment) LOS ANGELES— Deluxe Entertainment has sold the distribution side of its business to Platinum Equity, owned by billionaire Tom Gores. 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. Financial terms were not disclosed and 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. Financial terms were not disclosed. ® 2021 Platinum Equity Advisors, LLC. Copyright © 2021 Penske Business Media, LLC. The moved shored up finances at the company hard hit by the coronavirus crisis. Firm recruits former CEO Cyril Drabinsky to return and lead business at a pivotal time for an industry disrupted by coronavirus crisis. Financial terms were not disclosed. Our Newsletter is subject to our Privacy Notice. According to news reports, Deluxe Entertainment has sold most of its business divisions to Platinum Equity. Deluxe provides Localization, Mastering, Distribution, Platform and Fulfillment services to the world’s leading content production studios. Los Angeles (July 1, 2020) – Platinum Equity today announced the acquisition of Deluxe Entertainment Services Inc.’s distribution business (“Deluxe”). LOS ANGELES, July 1, 2020 /PRNewswire/ -- Platinum Equity today announced the acquisition of Deluxe Entertainment Services Inc.'s distribution business ("Deluxe"). 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"). Deluxe Entertainment's creative businesses are not included in the acquisition. As part of the transition, CineVizion’s assets will be integrated into Deluxe… Platinum Equity Expands Entertainment Portfolio With Acquisition Of Deluxe Entertainment's Distribution Business. 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. “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. Stockhouse.com use cookies on this site. 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. 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. We are strongly committed to protecting your privacy. 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 Global investment firm Platinum Equity today announced the acquisition of Deluxe Entertainment Services’ … (Deluxe Entertainment’s creative businesses are not included in the acquisition. La empresa norteamericana Platinum Equity anunció la adquisición del negocio de distribución de Deluxe Entertainment Services. Financial terms were not disclosed. There was a problem submitting your request. Financial terms were not disclosed. CA We want to hear from you! "The entertainment industry, like many others, has been seriously disrupted by the coronavirus crisis," said Tom Gores, chairman and CEO of Platinum Equity. Deluxe will retain its creative businesses, which are not included in the acquisition. LOS ANGELES, July 1, 2020 /PRNewswire/ -- Platinum Equity today announced the acquisition of Deluxe Entertainment Services Inc.'s distribution business ("Deluxe"). Acquired Deluxe Entertainment's distrbution business in June 2020. Financial terms were not disclosed. Financial terms were not disclosed. By continuing to use our service, you agree to our use of cookies. 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 financial terms of the deal were not disclosed. Deluxe Entertainment’s creative businesses are not included in the acquisition. LOS ANGELES, July 1, 2020 /PRNewswire/ -- Platinum Equity today announced the acquisition of Deluxe Entertainment Services Inc.'s distribution … USA, Platinum Equity Business Development PRNewswire. Tom Gores’ Platinum Equity has acquired the distribution business of Deluxe Entertainment Services. Beverly Hills-based Platinum Equity has purchased Burbank-based Deluxe Entertainment Services Inc.'s distribution business. By clicking 'Send' you agree to receive communications from us. Financial terms were not disclosed. Tom Gores’ Platinum Equity has acquired the distribution business of Deluxe Entertainment Services. 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. LOS ANGELES, July 1, 2020 /PRNewswire/ -- Platinum Equity today announced the acquisition of Deluxe Entertainment Services Inc.'s distribution business ("Deluxe… 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. This is the first of several things to come in this space.”. This Week In Music: Enjoy The Grammys, But Focus On What’s Missing, Not Who, Chuck Schumer, Kirsten Gillibrand Call For NY Gov. 91505 Read on to learn about the deal. 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 Former Deluxe CEO Cyril Drabinsky, who left the company in 2016 to found CineVizion, is returning to lead the business again. Send us a tip using our annonymous form.
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