Dot-com acquires Development Source
IFilm has acquired online television and film development resources TVtracker.com and the Development Source for an undisclosed cash and stock deal.TVtracker.com tracks the development of new TV shows from pilot season and network announcements to upfront sales in New York. Paying subscribers have access to databases listing projects at the six major broadcast networks, an overall deals list of writers and producers and a network-scheduling grid. Cable tracking and series staffing information will be available in the coming weeks. Not currently online, the Development Source messengers its compiled information to clients; it also follows pics in active development and tracks rights purchases, option deals and spec screenplay sales. Both companies’ operations will merge with IFilm at the company’s new Hollywood headquarters. Sites will be folded into IFilmpro.com this summer. Mark Hoebich, CEO and founder of TVtracker.com, along with a handful of staffers, will head up the expansion of IFilm’s television data services arm. He was previously in drama series development at the Fox network. Renay Casey Hoelscher founded the Development Source. “TVtracker.com is the best known development resource for television executives, and the Development Source is its well-known counterpart in the film world,” said Kevin Wendle, CEO of IFilm. “These two companies track critical information that are used by film and television executives on a daily basis, and we are pleased that they are now part of the IFilm family.” Deals follow IFilm’s recent acquisitions of the Hollywood Creative Directory, StudioXchange, ScriptShark and Lone Eagle Publishing as it ramps up its business-to-business offerings to generate revenues online. Despite speculation, IFilm said it is not shuttering its short film Netcasting biz, which is dependent on advertising to generate much of its revs.