Marks first acquisition in broader strategy to acquire portfolio of multi-disciplined content and services companies
Addition of short form content services adds predictive revenues and another platform to accelerate expansion
Strong Global Entertainment, Inc. (NYSE American: SGE) (“SGE” or the “Company”) today announced the acquisition of Unbounded Media Corporation (“UMC”), an independent media and creative production company. Founded by Peter Odiorne, Larry Swets and Hassan Baqar, UMC develops, creates, and produces film, advertising, and branded content for a broad range of clients. UMC will operate under SGE’s original content production and distribution arm Strong Studios, Inc. (“Strong Studios”) (Safehaven, Flagrant, Inside the Black Box).
In an all-stock transaction, the deal with UMC marks the first acquisition in a broader strategy to acquire a portfolio of multi-disciplined content and services companies. Larry Swets will spearhead the acquisition strategy as Chairman of the studio and production division. Peter Odiorne will serve as Chief Content Officer,and Matt Harton as Managing Director.
UMC, in partnership with Strong Studios, will also further develop its original IP portfolio, under its Fieldhouse Entertainment division, which currently includes feature films, Into the Storm, Atomic Tourists and Footsteps of a Giant, employing Strong Studios’ long form production expertise and industry network. Additionally, the alliance offers Strong Studios the potential to utilize UMC’s brand relationships to create sponsorship opportunities to develop film and television projects.
Read the complete press release at Strong Global Entertainment.