Lightworks Producing Group Acquires KPI

NEW YORK, May 21: Lightworks Producing Group (LPG), a
division of Lightworks Enterprises, has acquired Kralyevich Productions, Inc.
(KPI), an Emmy Award-winning producer of non-fiction and fiction series and
specials for broadcasters such as A&E, National Geographic Channel, The
History Channel, Court TV and Discovery Channel.

Last year, New York City-based KPI, which will now function
as a unit of LPG, received two Emmys for its special Rome: Engineering an
Empire. Other recent titles from the
company include Megastructures
for National Geographic Channel, Xtreme Homes for HGTV, Sea Battles for The Military Channel and Engineering
an Empire for The History Channel.

“This is a significant addition to Lightworks Enterprises,
and marks our further expansion of the award-winning production capabilities of
LPG,” said David Dreilinger, the president and CEO of Lightworks Enterprises.
“We look forward to leveraging our combined strengths and experience to develop
superior product offerings. This is a tremendous opportunity to accelerate
Lightworks Enterprises’ ongoing efforts as a vertically-integrated business,
and I know that John Cuddihy, managing director of Lightworks Program
Distribution, is looking forward to exploiting the properties that this new structure
will create.”

Vincent Kralyevich, the president of KPI, noted: “During the
past few years we’ve create hundreds of episodes of programming. And while we
were racing around the world doing this, our key management realized we needed
to take the company to the next level so we can focus what we do
best—which is create programming. As part of Lightworks, KPI will
continue to do what it does so well: produce quality, award-winning programs
while benefiting from their talented roster of professionals to augment our
nationally recognized production activities.”