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Genius Products

Genius Products
Former type Public
Traded as OTC Pink: GNPR
Industry Entertainment
Fate Acquired by Vivendi Entertainment
Successors Vivendi Entertainment
Founded 1996
Defunct 2009
Headquarters Santa Monica, California, U.S.
Products Motion pictures, television programs

Genius Products (also known as Genius Entertainment) was an entertainment company based in Santa Monica, California, United States.

Genius Products acquired the remains of Fox Lorber Home Video when its parent company, Winstar Communications, went out of business in 2001. On December 5, 2005, Genius Products, Inc. announced a distribution joint venture with The Weinstein Company called Genius Products, LLC, with Weinstein holding a 70% stake.[1] The transaction was approved by stockholders and was closed on July 24, 2006.[2] The high-profile movies from Weinstein helped Genius Products to open the doors to major retailers like Wal-Mart and Target.[3]

Genius also released DVDs for other companies, including Entertainment Rights, Classic Media, Sesame Workshop (from 2007 to 2009), Random House, ESPN, Discovery Communications, ImaginAsian, World Wrestling Entertainment, IFC Films and PorchLight Entertainment.

In 2009, Genius Products Investments acquired 60% of Genius Products, LLC, with TWC owning 15% and Genius Products, Inc., holding 25%.[4] Later that year, Genius's home video distribution rights were acquired by Vivendi Entertainment,[5] while distribution rights to Sesame Workshop were sold to Warner Home Video.

References

  1. ^ "The Weinstein Company and Genius Products Sign Definitive Agreements" (Press release). Genius Products. 2005-12-04. Retrieved 2008-03-23. 
  2. ^ "Genius Products Announces Stockholder Approval and Closing of the Weinstein Company Transaction" (Press release). Genius Products. 2006-07-24. Retrieved 2008-03-23. 
  3. ^ Cieply, Michael (2007-04-12). "Films From the Weinsteins Falter, but the Brothers Stay Focused".  
  4. ^ Garrett, Diane (2009-01-07). "GNPR acquires 60% of Genius". Variety. 
  5. ^ Gruenwedel, Erik (2009-09-14). "Vivendi Acquires Genius Titles, Select Staff".  

External links

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