- Genius Products
Genius Products (also known as Genius Entertainment) is a
home video company based inSanta Monica, California .On
December 5 ,2005 , Genius Products, Inc., announced a distributionjoint venture withThe Weinstein Company called Genius Products, LLC, withThe Weinstein Company holding a 70% stake. [cite press release |url=http://www.geniusproducts.com/PressRelease.aspx?releaseid=120 |title=The Weinstein Company and Genius Products Sign Definitive Agreements |publisher=Genius Products |date=2005-12-04 |accessdate=2008-03-23 ] The transaction was approved by stockholders and was closed onJuly 24 ,2006 . [cite press release |url=http://www.geniusproducts.com/PressRelease.aspx?releaseid=174 |title=Genius Products Announces Stockholder Approval and Closing of the Weinstein Company Transaction |publisher=Genius Products |date=2006-07-24 |accessdate=2008-03-23 ] The high-profile movies from the Weinstein Company helped Genius Products to open the doors to major retailers likeWal-Mart and Target. [cite news |url=http://www.nytimes.com/2007/04/12/movies/12movie.html |title=Films From the Weinsteins Falter, but the Brothers Stay Focused |work=The New York Times |first=Michael |last=Cieply |date=2007-04-12 |accessdate=2008-03-23 ]In March 2006, the Weinstein Company announced a distribution pact with
Metro-Goldwyn-Mayer .MGM will distribute films domestically in theaters, while the Weinstein Company will retain long-term ownership of the film. Upon a Weinstein Company orDimension Films release on DVD, full distribution rights will revert to Weinstein under Genius. [cite news |url=http://www.businessweek.com/bwdaily/dnflash/mar2006/nf2006036_6396_db016.htm |work=Business Week |title= MGM, Weinstein Set to Roar Again |first=Ron |last=Grover |date=2006-03-06 |accessdate=2008-03-23 ]In November 2006, Genius (through the
Weinstein Company ) announced a four-year deal withBlockbuster Inc. to give the video renting company exclusive rights for rentals starting on January 1, 2007. [cite news |url=http://www.usatoday.com/money/media/2006-11-15-blockbuster-weinsteins_x.htm |title=Blockbuster signs deal to be exclusive renter for Weinsteins |work=USA Today |publisher=Reuters |date=2006-11-15 |accessdate=2008-03-23 ] However, under thefirst-sale doctrine , other rental companies are able to buy and then rent the company's movies.In January 2007,
Entertainment Rights andClassic Media announced a distribution deal with Genius Products, which replacedClassic Media 's deal withSony Wonder . In 2007, the company has completed the purchase ofClassic Media 's &Sesame Workshop 's distribution deals from formerSony BMG kids labelSony Wonder .On October 7th, 2008 Genius announced that they would be publishing , a hip-hop rhythm game. . [cite news |url=http://www.gamesindustry.biz/articles/7-studios-teams-with-numark-quincy-jones-for-scratch-game |title=7 Studios teams with Numark, Quincy Jones for Scratch game |work=
GameIndustry.biz |first=Michael |last=Martin |date=2008-10-07 |accessdate=2008-10-07 ]Genius Products is also releasing DVDs for other companies, including
Tartan Films ,ESPN ,Discovery Communications ,ImaginAsian ,Sesame Workshop ,World Wrestling Entertainment andIFC Films .References
External links
* [http://www.geniusproducts.com/ Official site]
*imdb company|id=0155664|company=Genius Products
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