Genius Products Inc. (GNPR)

[fredman]

Restructuring of Genius an Example for Alan Quasha and Quadrant

Genius is a well-known media and entertainment distribution outlet which was owned by Harvey and Bob Weinstein which Quadrant recently took control of. Quasha refers to Genius as the leader in “non-Blockbuster” titles, meaning that it handles most types of entertainment mediums. This includes movies and DVDs now, and will include music and games in the future, as we move into new areas using the same distribution channels. Restructuring of this company should bring it back to its peak performance as it expands its products and services.

Genco Media LLC, an entertainment-based company announced together with Genius Products, Inc., a leading home-entertainment distribution company, that they have entered into an agreement whereby Genius Products, LLC will have the exclusive rights for the distribution of certain content acquired by Genco Media.

Alan Quasha, President of Quadrant Management and Chairman of Genco Media, said, "Genco Media is focused on adding to its library of entertainment properties through the acquisition and funding of valuable films, music and video games. Our goal is to provide content creators the means to fund the development of a range of exciting entertainment related products." Quasha explained that partnering with Genius Products would mean that Genco Media "will be able to more effectively bring products to market and expand the reach of artists' work."

Source: http://alanquasha.blogspot.com/2009/08/restructuring-of-genius-example-for.html