TLA Entertainment Group Sold

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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
TLA Entertainment Group, based in Philadelphia, is a privately held corporation founded in 1981. The company began as owners of the Theatre of the Living Arts, a repertory cinema as well as the Roxy Screening Rooms. In 1985, it opened the first of several award-winning video stores in the Philadelphia area and in New York City. In 1996 it launched www.tlavideo.com, a direct-to-consumer movie site that has since expanded into the sale of DVDs and most recently, VOD. In 2000 it launched TLA Releasing, a film and video releasing company for North America. In 2005 it opened a British distribution company based in London. Today, TLA Entertainment’s primary business remains as a DVD and VOD e-tailer through its many sites including www.tlamovies.com, www.tlagay.com, www.tlaraw.com and www.tlacult.com. Films TLAEG has distributed include Latter Days, Another Gay Movie, and Mysterious Skin.

About Sterling Genesis International
Founded in 2013, Sterling Genesis International, LLC, is a private investment firm based in New York City focused on global media, entertainment, distribution and communications investments. The company is led by Chairman & COO G. Sterling Zinsmeyer, and President & CEO Derek Curl. In addition to a background in finance, Zinsmeyer has executive produced several films, including Latter Days, Adam & Steve, and The Deception.

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