Great news! Please note that Matt Johnstone is taking the publicity lead for anything in regards to this merger. Don’t hesitate to contact me if you have any questions.
Happy Chinese New Year Eve!
TLA Entertainment Group Sold to New York-Based Investment Firm Sterling Genesis International
New York (January 30, 2014) – TLA Entertainment Group, Inc. (TLAEG) announced today that the company has been acquired by New York-based investment firm Sterling Genesis International, LLC. The sale includes direct-to-consumer brands and all digital properties, including tlamovies.com, tlavideo.com, tlagay.com, tlacult.com and tlaondemand.com.
G. Sterling Zinsmeyer, Chairman of Sterling Genesis International, will become Chief Operating Officer of TLAEG. Said Zinsmeyer, “TLA’s powerful worldwide brand awareness, together with fresh capitalization, will enable us as a company to continue to flourish, build upon a strong infrastructure, and seize new opportunities for digital expansion in the current marketplace.’
Derek Curl, Chief Executive Officer and President of Sterling Genesis, will take on the position of Chief Executive Officer and President of TLAEG. “With this acquisition’s potential for consolidation and global expansion, we will be able to realize even further the tremendous value TLA Entertainment Group has in the entertainment world,” said Curl.
TLA Entertainment Group’s current General Manager, Brian Sokel, will move into a Senior Executive management position and Jo Borasky, current Controller, will serve as CFO to aid in a successful transition for the company. TLA Releasing, owned separately by Curl, will be reintroduced into the TLAEG as part of the acquisition.
Raymond Murray, former president of TLAEG said, “Zinsmeyer and Curl are highly regarded veterans in finance and film production, with a proven track record of experience, financial savvy, and forward thinking approaches to film distribution. We look forward to a smooth transition and a bright future at TLAEG’
About TLA Entertainment Group
About Sterling Genesis International