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Home News Press Release Interact-TV Signs Acquisition Terms with Executive Music Group
Interact-TV Signs Acquisition Terms with Executive Music Group September 10, 2014 Written by
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Los Angeles, CA / ACCESSWIRE / September 10, 2014 / Interact-TV Incorporated (OTC: ITVI ) announces today that Interact-TV and Executive Music Group, LLC (EMG) have signed an Acquisition Term Sheet for Interact-TV’s proposed acquisition of musician and artist representation firm Executive Music Group, LLC.
With an extensive track record and a roster of clients that includes recording artists Alien Ant Farm and American Idol contestant Chris Medina (“What Are Words?”), EMG promotes the albums, songs, music videos, books, live performances and other creative output of its artist clients. Its services for many clients also include career management as it relates to all branches of the entertainment industry.
“We are looking forward to working with EMG’s president, Jacob Cap,” said Robert Bryan, president of Interact-TV. Noting that EMG, like Interact’s own subsidiary Pocket Kid Records, is already a revenue-generating business, Mr. Bryan continued: “EMG and our own subsidiary Pocket Kid both work in the entertainment and artist representation markets, but service in complementary rather than overlapping markets. Having both these companies under the ITVI umbrella would provide enormous creative opportunities, adding a dimension to the market that Pocket Kid is not focused on, while the synergies between the two companies make this an extremely attractive partnership in terms of increased efficiencies.”
Speaking on behalf of EMG, president Jacob Cap remarked: “We are excited about the new horizons that this potential partnership represents for ITVI . Our company’s mission has always been to strive to generate the greatest creative and marketing opportunities for the artists that we represent. By being part of the Interact group of companies, while still maintaining our managerial independence, we place ourselves in the best possible position to increase the depth and quality of those opportunities for our clients.”
Initial terms of the deal are for the acquisition of EMG by Interact in an all-preferred stock transaction.
About Executive Music Group : Formed in 2004 by Jacob Capricciuolo, Executive Music Group (EMG) is an innovative music entertainment company based in Dallas/Fort Worth, TX. EMG combines the strength of industry partners and multiple promo teams to tailor-fit artist campaigns. Breaking two historic Billboard #1 records, EMG’s professional team offers experienced, innovative approach to strategic promotion and management of its artists. Its website ishttp://executivemusic.com/
About Interact-TV : Interact-TV Incorporated, a publicly-traded Delaware corporation (OTC: ITVI ) is a diverse entertainment company with interests in various media, encompassed currently within three divisions: Music and Music Management (through its wholly-owned subsidiary’s subsidiary Pocket Kid Records); Entertainment Content; and Entertainment Services. Its website is http://interact-tv-inc.com/
For more information, please contact:
Robert Bryan, CEOinfo@interact-tv-inc.com interact-tv-inc.com pocketkidrecords.com
SOURCE: Interact-TV Incorporated
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