Investor Tom Gores scooped up another entertainment asset through his firm Platinum Equity, acquiring the distribution business of digital cinema distribution company Deluxe Entertainment.
The financial terms of the deal were not disclosed, but it does not include Deluxe’s creative businesses.
“Deluxe has been a cornerstone of the entertainment industry for more than 100 years,” Gores said in a statement. “The company drove the evolution of digital cinema distribution and has continued to reinvent itself in partnership with content creators around the world. At this pivotal time for the industry, [former Deluxe CEO Cyril Drabinsky’s] leadership, combined with Platinum’s financial resources and operational expertise, will help the company move forward stronger than ever. This is the first of several things to come in this space.”
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.
The financial terms of the deal were not disclosed, but it does not include Deluxe’s creative businesses.
“Deluxe has been a cornerstone of the entertainment industry for more than 100 years,” Gores said in a statement. “The company drove the evolution of digital cinema distribution and has continued to reinvent itself in partnership with content creators around the world. At this pivotal time for the industry, [former Deluxe CEO Cyril Drabinsky’s] leadership, combined with Platinum’s financial resources and operational expertise, will help the company move forward stronger than ever. This is the first of several things to come in this space.”
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.
- 7/1/2020
- by Trey Williams
- The Wrap
I admit it, I’m a sentimental old fart. I get choked up and maudlin very often, when I think of family and friends, a moment in time when I realized the tragedy life can bring to us, or the joy. I tear up at the movies regularly, or reading certain passages in books. But I never thought I would weep at the loss of a video system. If you read We Are Movie Geeks regularly you must be aware of the video revolution of the 1980s, when VHS players and recorders found a place in almost every home in America. I hope you recall the early days when VHS was neck and neck with Betamax, a technically better system. Remember the days of Mom and Pop video rental stores when almost anyone could open a store front, and with a collection of VHS tapes start making money? As one of the many,...
- 3/10/2016
- by Sam Moffitt
- WeAreMovieGeeks.com
Review by Sam Moffitt
I love finding new things.
Writers I never heard of, music I’m not familiar with, a movie recommended by a friend I trust. Even better than finding something new is discovering that the material in question is a lot better than expected. I like to be surprised, I enjoy the professional output of talented people, writers, film makers, musicians, artists in general.
But nothing, and I mean nothing, could have prepared me for the atom bomb blast the Collins Kids have put on me.
A little back ground first. I recently went on vacation and drove to Missouri from my home in St. Petersburg, Florida to visit my family at our reunion over Labor Day weekend. I drove there through Mississippi and took my time, visited places that interested me. Stopped in Indianola, Ms and visited the B.B. King Museum (I highly recommend it by...
I love finding new things.
Writers I never heard of, music I’m not familiar with, a movie recommended by a friend I trust. Even better than finding something new is discovering that the material in question is a lot better than expected. I like to be surprised, I enjoy the professional output of talented people, writers, film makers, musicians, artists in general.
But nothing, and I mean nothing, could have prepared me for the atom bomb blast the Collins Kids have put on me.
A little back ground first. I recently went on vacation and drove to Missouri from my home in St. Petersburg, Florida to visit my family at our reunion over Labor Day weekend. I drove there through Mississippi and took my time, visited places that interested me. Stopped in Indianola, Ms and visited the B.B. King Museum (I highly recommend it by...
- 9/23/2013
- by Movie Geeks
- WeAreMovieGeeks.com
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