You will be redirected back to your article in seconds

Family cabler IFE pursues live programming with Gilmore buy

Cable programmer Intl. Family Entertainment is expanding into live entertainment. To that end, the company announced Wednesday that it has signed a letter of intent to purchase a majority stake in Calvin Gilmore Prods. Ltd., a producer of live music variety shows in South Carolina.

Programming source

According to a press release, IFE plans to not only expand CGP, which now produces shows through three theaters in Myrtle Beach, S.C., into other parts of the country, but will also use it as a source of programming for its Family Channel cable network and even as a basis for MTM Records — a new record label that would feature CGP artists.

“This transaction represents a wonderful opportunity for IFE to expand into live entertainment,” said Tim Robertson, CEO of IFE.

“Calvin Gilmore has built a hugely popular entertainment phenomenon, which can be duplicated in other parts of the country and which, through the Family Channel, can reach an even broader audience.”

Cash, notes mix

While specific terms of the proposed transaction were not disclosed, a release said the purchase price will be paid through a mixture of cash and notes.

It is currently anticipated that the purchase will close during the fourth quarter.

In addition to an ongoing equity position in CGP, Calvin Gilmore will remain as chief executive officer of CGP under a long-term management contract.

More TV

  • TJ MillerWarner Bros. Pictures presentation at

    TJ Miller Denies Former 'Silicon Valley' Co-Star Alice Wetterlund's Bullying Claims

    Cable programmer Intl. Family Entertainment is expanding into live entertainment. To that end, the company announced Wednesday that it has signed a letter of intent to purchase a majority stake in Calvin Gilmore Prods. Ltd., a producer of live music variety shows in South Carolina. Programming source According to a press release, IFE plans to […]

  • Lyric McHenry Dead

    Reality TV Personality Lyric McHenry Found Dead at 26

    Cable programmer Intl. Family Entertainment is expanding into live entertainment. To that end, the company announced Wednesday that it has signed a letter of intent to purchase a majority stake in Calvin Gilmore Prods. Ltd., a producer of live music variety shows in South Carolina. Programming source According to a press release, IFE plans to […]

  • Simon Cowell Walk of Fame

    Simon Cowell to Be Honored With Star on the Hollywood Walk of Fame

    Cable programmer Intl. Family Entertainment is expanding into live entertainment. To that end, the company announced Wednesday that it has signed a letter of intent to purchase a majority stake in Calvin Gilmore Prods. Ltd., a producer of live music variety shows in South Carolina. Programming source According to a press release, IFE plans to […]

  • SATURDAY NIGHT LIVE -- Episode 1738

    Featured Player Luke Null Expected to Leave 'Saturday Night Live'

    Cable programmer Intl. Family Entertainment is expanding into live entertainment. To that end, the company announced Wednesday that it has signed a letter of intent to purchase a majority stake in Calvin Gilmore Prods. Ltd., a producer of live music variety shows in South Carolina. Programming source According to a press release, IFE plans to […]

  • Designing Women

    The Diminishing Returns of TV Reboots and Revivals (Column)

    Cable programmer Intl. Family Entertainment is expanding into live entertainment. To that end, the company announced Wednesday that it has signed a letter of intent to purchase a majority stake in Calvin Gilmore Prods. Ltd., a producer of live music variety shows in South Carolina. Programming source According to a press release, IFE plans to […]

More From Our Brands

Access exclusive content