Core Media Relaunches As Industrial Media With IPC CEO Eli Holzman As Its Frontman
CORE Media Group is on the up and up after acquiring the Emmy award winning company The Intellectual Property Corporation. Our fav shows like So You Think Can Dance and American Idol were produced by this booming company…leaving us excited about the potential change for bigger and better television experiences.
Reintroducing themselves as Industrial Media effective immediately, with Eli Holzman (founder and CEO of The Intellectual Property Corporation) this change is monumental. Holzman will continue his role at ICP along with his new role as CEO of Industrial media.
CORE Media Group has been without a CEO since last fall when former CEO Peter Hurwitz was forced to step down (in lue of the Weinstein scandal). Hurwitz’s direct connection as the lawyer for The Weinstein Company created a shadow over his reputation, which ultimately led to his exit.
Everything hasn’t always been rainbows and butterflies for CORE considering they filed for Chapter 11 bankruptcy in 2016. CORE was initially jointly owned by 21st Century Fox and and Apollo Global Management. Under new management Co-founder and president of IPC Aaron Saidman will join Holzman in his efforts to revamp the company and create more of an organic, independent, production style.
Executive Chairman of CORE Dennis Miller will maintain his position with Industrial Media that is co-owned by Crestview Partners, Tennenbaum Capital Partners, and United Talent Agency.
Holzman expressed,“Our partners at Crestview, Tennenbaum and UTA, and the CORE management team, especially Dennis Miller and CFO Scott Frosch, and UTA CEO Jeremy Zimmer, have done a brilliant job re-fashioning their assets into a creative, nimble, powerfully resourced studio of the future.”
The new and improved Industrial Media will have 40 plus shows spanned over more than 20 networks including SYTYCD, Idol, TLC’s 90 day fiancé franchise, and many more.
We’re excited to see what this change means for all of our most loved shows!