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Courtesy of The Intellectual Property Corporation The news comes as Core acquires Holzman's The Intellectual Property Corp., makers of 'Leah Remini: Scientology and the Aftermath.' Core Media Group, the 13-year-old company that famously acquired Simon Fuller's 19 Entertainment (and with it a piece of American Idol) for $200 million back in 2015, is changing its name to "Industrial Media." The move coincides with Core's acquisition of Eli Holzman's The Intellectual Property Corp. (IPC), with Holzman taking the CEO position at Industrial. Dubbing itself a "super indie production group," the new entity is emblematic of an unscripted landscape in a state of flux, with acquisitions and executive moves constantly changing the chess board. Industrial launches as a substantial operation, with 19 (So You Think You Can Dance), Sharp Entertainment (90 Day Fiance), B-17 Entertainment (Fluffy’s Food Adventures) and IPC ( Leah Remini's Scientology and the Aftermath ) all under one roof. In addition to Holzman, IPC’s president and co-founder, Aaron Saidman joins Industrial as president — while remaining president of IPC. “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 refashioning their assets into a creative, nimble, powerfully resourced studio of the future,” said Holzman. “Adding IPC to this group and taking advantage of their extraordinary access to talent and capital is a marvelous opportunity for Aaron and me. Continuing to lead IPC now alongside the brilliant producers at the group companies will be a privilege. In this booming content marketplace, there has never been a greater need for a supplier like Industrial Media that can support exceptional filmmakers while delivering consistently and at the highest-quality level for our buyers.” Industrial boasts more than 40 shows on over 20 networks, but Holzman plans to grow aggressively both organically and through strategic acquisitions and investments.
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