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Hollywood Media Acquires Studio Systems for $4.75 Million

Authored by Mark Hefflinger on June 23, 2004 - 7:53am.
Hollywood, Calif. -- Hollywood Media Corp., a provider of online information and ticketing services for movies and theatre, announced on Wednesday that it will acquire Los Angeles-based Studios Systems, a provider of database and information services to the entertainment industry, for $4.75 million in cash and stock. Studio Systems will be integrated with Hollywood Media's Baseline/FilmTracker subsidiary, a database of global film and television data such as script tracking and box office data. "Studio Systems' and Baseline's respective customers are poised to reap tremendous benefits from the synergies spawned by this transaction," said Studio Systems president and CEO Gary Hiller. "Bringing these assets together under one roof at Hollywood Media will enable those worldwide who are involved in the development, production, distribution and financing of film and television projects to harness the combined, preeminent strength of these impressive resources."
tags: Acquisition | Acquires | Hollywood Media | Studio Systems |