PACIFICA MEDIA AFFILIATES MAJORITY STAKE ACQUIRED BY THE TELEVISION CORPORATION PLC
Pacifica Appoints New CEO and Executive Director
Los Angeles, Calif.-London, U.K./February 26, 2001 - A majority stake in Pacifica Media Affiliates (PMA), the world's second largest entertainment post-production sound company, has been acquired by The Television Corporation plc (FTSE: TCP), a London-based, TV facilities and production company.
Under the terms of the deal, The Television Corporation's (TTC) equity share in PMA rises from 50 percent to 75 percent. PMA's former president, Galen Walker becomes CEO and PMA's former executive vice president, Ricky DeLena becomes executive director. Walker and DeLena retain PMA's outstanding 25 percent equity stake and also take full operational control over the audio post-production entity. PMA's former controller, Chuck Valdez, moves up to chief financial officer. PMA's former CEO, Dana Arnold and former Chairman Hal Katersky have resigned, effective immediately.
PMA's new chairman of the board is Terry Bate, who presides with new directors Galen Walker, Ricky DeLena and Chris Rowlands. A fourth and final board seat will assigned at a later date.
"With the support of The Television Corporation, Pacific Media Affiliates has every intention of becoming the industry's leading post-production sound editorial alternative to the major studios and Liberty Livewire," said Galen Walker, who along with Ricky DeLena negotiated the deal with TTC Chairman Terry Bate and TTC CEO Chris Rowlands. Pacifica Media Affiliates is a Los Angeles-based holding company that owns and operates Echo Sound Services, Weddington Productions, Pacifica Sound Group, Digital Sound Works and Larson Sound Center.
"Pacifica Media Affiliates is poised to make a number of strategic announcements which will allow them to greatly improve the sound editorial finishing process with advanced digital-audio extranets and other Internet technologies," said Bate. "Expect to hear a great deal more about Pacifica Media Affiliates over the next six to eight months."
"In the wake of heavy consolidation and vertical integration, Pacifica Media Affiliates remains committed to preserving a creative outpost where producers and directors can realize their own sonic vision," added DeLena, who in his expanded role as executive director assumes responsibility for developing the nascent DVD, Internet content and restoration businesses for Pacifica Media Affiliates.
Prior to joining Pacifica Media Affiliates as President in 1999, Galen Walker was president of Digital Sound Works, which he founded in 1995. Before that, Walker was a musician/composer and a guitarist for artists Edgar Winter and Cher. Post-Production Sound Supervisor Ricky DeLena began as a recording engineer in the studio working with artists Bruce Springsteen, Rod Stewart and The Rolling Stones. DeLena joined Walker's Digital Sound Works in 1997. Chuck Valdez received an M.B.A. in Finance from Pepperdine University and was formerly V.P. of Finance and Information Systems for Universal Studios for nine years before joining Pacifica Media Affiliates as corporate controller in October 2000.
About PACIFICA MEDIA AFFILIATES
Pacifica Media Affiliates (http://www.pacificamedia.com/) is one of the world's largest entertainment post-production sound companies. Its affiliated companies (Echo Sound Services, Weddington Productions, Pacifica Sound Group, Digital Sound Works and Larson Sound Center) have amassed five Academy Awards, over 60 Emmy Awards and numerous Golden Reel awards for their work. The company is committed to providing a creative outpost with a boutique environment for the entertainment industry as a cost-effective alternative to the large studios.
Pacifica works with all the US television networks, all of the major Hollywood studios, every significant independent television production group and numerous international theatrical producers and distributors.
About ECHO SOUND SERVICES
In 1970, Echo Sound Services (http://www.echosound.com/) established itself as one of the first sound editorial companies to offer independent producers a competitively priced, high quality alternative to the major studio's sound departments. Under the leadership of CEO Joe Melody, and President Michael Graham, Echo Sound Services' reputation is built on its decades of experience delivering some of the most creative, memorable sound tracks of all time. With 11 Emmy Awards, more than 30 Golden Reel awards, and scores of nominations, this editorial sound packaging pioneer has completed thousands of successful theatrical motion picture and long-form television sound editorial packages.
About WEDDINGTON PRODUCTIONS
For more than a decade, Weddington Productions (http://www.weddington.com/) has been a leader in theatrical sound design and editing. With award winning sound designers Mark Mangini and Richard Anderson, and Chief Operations Officer Marc Vanocur at the helm, Weddington's talents have been recognized by six Academy Award nominations, winning once for "Raiders of the Lost Ark." In addition, Weddington's superb teams of editors and sound designers have received numerous Golden Reel award nominations, winning several times. Additional Weddington credits include "The Green Mile," "Erin Brockovich," "Traffic," "Raiders of the Lost Ark," "Lethal Weapon 4" and "The Lion King." Weddington productions is based in North Hollywood, Calif. and employs a full-time staff of 35 sound designers, recording engineers, sound editors, foley artists and mixers.
About PACIFICA SOUND GROUP
Under the leadership of President Tim Borquez, a 17-year feature and television animation sound veteran who was formerly the head of Horta, Pacifica Sound Group's Burbank-based facility currently offers ADR, editorial and mix packages to clients such as the Cartoon Network and Nickelodeon, among others. Digital Sound Works has an 8000 square foot facility in Burbank, Calif. with 12 editorial suites, two video projection 5.1 dubbing stages and a full size THX 5.1 film mastering projection stage.
About DIGITAL SOUND WORKS
Digital Sound Works is a post-production sound company with a full-time staff of 24 editors and four supervisors. Consecutively during each of the last five years, Digital Sound Works has finished no less than 20 theatrical feature films per year. The company specializes in all aspects of post-production sound design for independent feature films, and recently completed "My First Mister" and "Things Behind the Sun," both of which screened in competition at Sundance 2001. Digital Sound Works is a non-union sound design company that offers sound editorial services to independent filmmakers.
About LARSON SOUND CENTER
Since 1987, Larson Sound Center (http://www.larson.com/) has operated as a full service post production sound facility with eight sound effects and dialogue editing suites, two ADR/Foley stages, two separate 3-mixer re-recording stages, a 2-mixer re-recording stage and an in-house sound transfer department. With Rick Larson at the helm as chairman, Larson Sound Center services the needs of a wide variety of clients including those producing hour dramas, half-hour sitcoms, movies for television, television and feature animation, specials and feature films. Larson's award winning staff of sound supervisors, editors and mixers have received more than 40 EMMY AWARD nominations, winning ten times for such popular television shows as "Frasier" and "Cheers," as well as "Harvest of Fire" and "One Against the Wind." Based in Burbank, Calif., Larson Sound Center has a full-time staff of roughly 30 creative and technical sound professionals.
About THE TELEVISION CORPORATION plc
The Television Corporation plc (http://www.tvcorp.co.uk/) is the UK's leading content owner, program and service provider. The company's business is the creation, production and distribution of television programming plus the provision of edit, outside broadcast and transmission facilities. The main companies in the group are Sunset + Vine, producers of Channel 4 cricket and Channel 5 football, plus sponsored programs like Gillette World Sport Special and Toyota World of Wildlife; Molinare, the largest post production facility in London; and Visions, the biggest independent outside broadcast operation in the country. Another Television Corporation subsidiary, Mentorn, Barraclough and Carey is a leading documentary and entertainment programmer internationally.