CORE Media Group has acquired the production company The Intellectual Property Corporation (IPC) and is relaunching as Industrial Media, to be led by Eli Holzman.
Holzman will continue in his role as CEO of IPC while also becoming CEO of Industrial Media, which is being billed as a best-in-class “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 role as president of IPC. CORE has been led by Executive Chairman Dennis Miller, who will remain as chairman of Industrial Media.
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.
Industrial Media boasts more than 40 shows on over 20 networks, including American Idol for ABC (and its format versions around the world), So You Think You Can Dance for FOX, The Wall for NBC, the 90 Day Fiancé franchise for TLC, Facebook Watch’s daily trivia competition Confetti and the Emmy-winning Leah Remini: Scientology and the Aftermath for A&E.
“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.”
Miller added, “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.”