Glendale, Calif. (AP) — DreamWorks Animation Skg on Monday said it has agreed to buy Classic Media, custodian of a library of movies and TV series that includes "Casper the Friendly Ghost," ''Lassie," ''Rocky & Bullwinkle," and "The Lone Ranger." Dreamworks Animation is paying $155 million in cash to Classic Media's owner, Boomerang Media Holdings. Boomerang was formed by private-equity firm Gtcr and Eric Ellenbogen and John Engelman, who founded Classic Media in 2000. "Classic Media brings a large and diverse collection of characters and branded assets that is extremely complementary to DreamWorks Animation's franchise business," said Jeffrey Katzenberg, CEO of...
- 7/23/2012
- by AP Staff
- Hitfix
DreamWorks Animation Skg, Inc. today announced that it has entered into an agreement to acquire Classic Media, owner of one of the most extensive portfolios featuring many of the best-known and most-enduring franchises in all of family entertainment, for $155 million in cash from Boomerang Media Holdings I LLC, a portfolio company of Chicago-based private equity firm Gtcr.
Classic Media’s library of intellectual property, which is focused on family characters and brands, features a vast collection of filmed entertainment with over 450 titles and more than 6,100 episodes of animated and live-action programming. Classic Media owns one of the world’s largest comic book archives and media rights to the titles in the Golden Books library, which have sold over two billion copies worldwide. Their properties have been distributed in over 170 territories around the globe.
With well-established titles such as Casper the Friendly Ghost, Where’s Waldo?, Lassie, The Lone Ranger, George of the Jungle...
Classic Media’s library of intellectual property, which is focused on family characters and brands, features a vast collection of filmed entertainment with over 450 titles and more than 6,100 episodes of animated and live-action programming. Classic Media owns one of the world’s largest comic book archives and media rights to the titles in the Golden Books library, which have sold over two billion copies worldwide. Their properties have been distributed in over 170 territories around the globe.
With well-established titles such as Casper the Friendly Ghost, Where’s Waldo?, Lassie, The Lone Ranger, George of the Jungle...
- 7/23/2012
- by Michelle McCue
- WeAreMovieGeeks.com
Entertainment Rights' (ER) principal Us and UK kid-centric subsidiaries, Entertainment Rights, Big Idea and Classic Media, have been acquired by Boomerang Media, a new company set up by Eric Ellenbogen and John Engelman in partnership with private equity firm Gtcr. Ellenbogen and Engelman founded Classic Media, Inc. in 2000 and sold it to ER in 2007. This is the first major deal for Boomerang Media, which was formed to acquire and manage intellectual property across all media. The terms of the deal were not disclosed. Boomerang Media and Gtcr plan to invest up to $200 million in equity capital to build the franchises in its library of characters.
http://enews.cynopsis.com/html.asp?XZY1566234UTF60...
http://enews.cynopsis.com/html.asp?XZY1566234UTF60...
- 4/2/2009
- by gwen@cynopsis.com
A Chicago-based private-equity firm has invested $200 million in Boomerang Media, a company created late last year by the duo who founded Classic Media.
Eric Ellenbogen and John Engelman are co-CEOs of Boomerang, which wants to use the $200 million cash infusion from GTCR to acquire "iconic, branded entertainment assets."
GTCR is a private-equity firm that manages more than $8 billion of equity capital.
Ellenbogen and Engelman founded Classic Media in 2000 and grew it into a formidable library of kid-friendly entertainment, controlling such franchises as "Rudolph the Red-Nosed Reindeer", "Underdog", "Pat the Bunny", "Rocky & Bullwinkle and Friends," "Roger Ramjet" and "Casper the Friendly Ghost".
While it is those kinds of titles that in the past have populated Boomerang -- the cable channel sister of Time Warner's Cartoon Network -- there is no affiliation between Boomerang Media and Boomerang the channel.
Classic Media was purchased in December 2006 for $210 million by Entertainment Rights Group, a U.K. supplier of such family programming as "The Archies," Fat Albert" and "She-Ra". Ellenbogen and Engelman left Classic Media after the sale closed.
Eric Ellenbogen and John Engelman are co-CEOs of Boomerang, which wants to use the $200 million cash infusion from GTCR to acquire "iconic, branded entertainment assets."
GTCR is a private-equity firm that manages more than $8 billion of equity capital.
Ellenbogen and Engelman founded Classic Media in 2000 and grew it into a formidable library of kid-friendly entertainment, controlling such franchises as "Rudolph the Red-Nosed Reindeer", "Underdog", "Pat the Bunny", "Rocky & Bullwinkle and Friends," "Roger Ramjet" and "Casper the Friendly Ghost".
While it is those kinds of titles that in the past have populated Boomerang -- the cable channel sister of Time Warner's Cartoon Network -- there is no affiliation between Boomerang Media and Boomerang the channel.
Classic Media was purchased in December 2006 for $210 million by Entertainment Rights Group, a U.K. supplier of such family programming as "The Archies," Fat Albert" and "She-Ra". Ellenbogen and Engelman left Classic Media after the sale closed.
- 1/22/2008
- The Hollywood Reporter - Movie News
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