“American Idol” producers Core Media Group has acquired Eli Holzman’s Intellectual Property Corporation, the home of numerous series including A&E’s “Leah Remini: Scientology and the Aftermath.”
Following the acquisition, Core Media will rebrand as Industrial Media. Holzman, who will continue as CEO of IPC, will also serve as CEO of the newly-named “super indie production group.” IPC’s president and co-founder, Aaron Saidman, will join Holzman at Industrial Media as its president, while also remaining in his current capacity as president of IPC.
The combined company puts more than 40 shows on over 20 networks including “So You Think You Can Dance,” “The Wall,” “90 Day Fiancé,” and Facebook Watch’s daily trivia competition “Confetti,” under one roof.
“Our partners at Crestview, Tennenbaum and UTA, and the CORE management team, especially Dennis Miller and CFO Scott Frosch, and UTA CEO Jeremy Zimmer, have done a brilliant job re-fashioning their assets into a creative, nimble, powerfully resourced studio of the future,” said Holzman. “Adding IPC to this group and taking advantage of their extraordinary access to talent and capital is a marvelous opportunity for Aaron and me.
“Continuing to lead IPC now alongside the brilliant producers at the group companies will be a privilege. In this booming content marketplace, there has never been a greater need for a supplier like Industrial Media that can support exceptional filmmakers while delivering consistently and at the highest quality level for our buyers,” he said.
19 Entertainment, Sharp Entertainment, B-17 Entertainment, and B-17’s newly formed digital studio, Thumb Candy, along with the newly acquired IPC, will continue to operate independently, developing and producing for traditional network and cable entities as well as the burgeoning digital and SVOD marketplace. IPC’s president and co-founder, Aaron Saidman, will join Holzman at Industrial Media as its president, while also remaining in his current capacity as president of IPC.
“We have reorganized the company, re-invigorated franchises, and set the stage for a new chapter of growth for our assets and investments. Eli and his team are incredibly forward-thinking and possess all of the skills and vision needed to not only compete but thrive as they lead our business today and in the future marketplace,” added Dennis Miller, who served as Core’s executive chairman, and will stay on as chairman for Industrial Media.