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Press | RSUB ACQUIRES SIMON VENTURES, LTD. (NEW YORK CITY) February 25, 1999 - Studio Holdings announced today the expansion of its operations with the acquisition of Simon Ventures, Ltd. Started and previously led by Michael Simon, currently President of Studio Holdings, Simon Ventures was a New York based artist management firm. Studio Holdings has acquired 100% of Simon Ventures to help increase its stable of artists, as well as concentrate its efforts on continuing to produce cross-content media and develop talent. Founded in 1996, Simon Ventures managed the careers of several recording artists including: Mercury Record's The Honeydogs, The Gigolo Aunts, who record for Counting Crows' Adam Duritz's E. Pluribus Unum, and Kristin Mooney, affiliated with ADA-distributed EGG records. The entireroster remains unchanged and will be absorbed by Studio Holdings. "Simon Ventures is one of the most progressive and innovative firms for artists that want someone to be as passionate about the music as they are. We're excited to add talent management to our organization," said Craig Kanarick, Creative Director of Studio Holdings. "Simon Ventures has an established reputation for innovative approaches to artists and the industry, and its commitment to succeed is what we want-progressive artist management and development," said Studio Holdings CEO Jeff Dachis. Michael Simon was founder and President of Simon Ventures. Prior to joining Studio Holdings, Mr. Simon was a Senior Director of Legal Affairs for Polygram Records. "As sole owner of Simon Ventures and President of Studio Holdings, this acquisition represents both a strategic move to put more muscle behind Studios Holdings efforts, as well as a formal alignment of the companies' business and creative objectives," said Simon. Studio Holdings produces original entertainment and educational experiences across all media and all platforms including digital products such as World-Wide Web sites, Web-based games, computer screen savers, fonts, and more traditional media including books, films, film titles, and audio recordings. More information on Studio Holdings can be found at http://www.rsub.com and http://www.studioholdings.net. |