Shout! Factory has acquired homevid distributor Timeless Media Group, best known for releasing library titles like “Peter Gunn,” “Wagon Train” and “The Gene Autry Show.”
Financial terms for the purchase of the Eugene, Ore.-based company, which oversees a library of over 600 titles, were not disclosed.
Timeless Media Group will operate as a wholly owned subsidiary of Shout! Factory and will continue to release titles on a monthly basis. The company will utilize Shout! Factory’s marketing and sales force to support upcoming home entertainment releases from TMG.
Company’s key execs will stay in Oregon. Shout! Factory is based in Santa Monica.
The 36-year-old company also distributed “The Virginian,” “Laramie,” the “Roy Rogers: King of the Cowboys” Western movies collection, “Aspen: The Complete Miniseries,” “Once an Eagle Miniseries,” “Red Skelton,” “Snapped” and over 50 documentaries.
“Timeless Media Group is a great company with a rich history and has tremendous growth potential,” said Shout! Factory founders Richard Foos, Bob Emmer and Garson Foos in a joint statement. “As we’re continuing to build on the success we’ve enjoyed with our distribution and retail partners, this acquisition is a terrific business opportunity and complements our current ventures.”
Acquisition will pool the catalogs of both companies and combine staffs to bolster Timeless Media Group’s brand,” said Timeless Media Group prexy Norm Andersen.
Shout!’s upcoming releases include the TV series “S.W.A.T.,” “The Tribe,” “Hey Dude,” “CatDog,” “Fat Albert and the Cosby Kids,” “Transformers Prime” and “The Mighty Morphin Power Rangers.”
