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Genco Media and Genius Products Announce New Distribution Agreement

Posted on: Thursday, 7 August 2008, 18:01 CDT

Genco Media LLC, an entertainment-based company backed by investment firm Quadrant Management Inc., together with Genius Products, Inc. (OTCBB:GNPI), a leading independent home-entertainment distribution company, announced they have entered into an agreement under which Genius Products, LLC will have exclusive distribution rights for certain entertainment related content acquired by Genco Media, including properties in films, music, and video games.

"Genco Media is focused on adding to its library of entertainment properties through the acquisition and funding of valuable films, music and video games. Our goal is to provide content creators the means to fund the development of a range of exciting entertainment related products," said Alan Quasha, President of Quadrant Management and Chairman of Genco Media. "By partnering with Genius Products, which has significant expertise in the distribution of entertainment products, we will be able to more effectively bring products to market and expand the reach of artists' work."

"Over the past few years, we have built one of the preeminent distribution platforms and assembled one of the leading teams in the home entertainment industry," said Stephen K. Bannon, Chairman of Genius Products, Inc. "Our new relationship with Genco Media enables us to capitalize on our strengths and leverage our management expertise by expanding our distribution rights of higher margin content - without investing our own capital. We believe this new strategic alliance with Genco Media and Quadrant will provide us greater access to leading intellectual property/content which we will utilize to drive distribution revenue moving forward."

"This arrangement is another important step in our mission to focus on our core competencies, streamline our organization and build on and expand our successful platform," said Trevor Drinkwater, President and CEO of Genius Products, Inc.

Genco Media recently acquired the rights to two exciting video game properties still in development and slated to be released and distributed by Genius later this year.

About Genco Media, LLC

Genco Media, together with its affiliates, invests in the acquisition, production and development of films, music, games and other entertainment content, with existing ownership of an extensive music library and interests in over 1,200 films.

About Quadrant Management, Inc.

Quadrant Management, Inc. is a principal alternative investment management firm focused on US and emerging markets. Quadrant, along with its affiliates, have in excess of $3.0 billion in assets under management and a 30 year investment track record.

About Genius Products

Genius Products, Inc. (OTCBB:GNPI), along with The Weinstein Company Holdings LLC, together owns Genius Products, LLC, a leading independent home-entertainment distribution company that produces, licenses and distributes a valuable library of motion pictures, television programming, family, lifestyle and trend entertainment on DVD and other emerging platforms through its expansive network of retailers throughout the U.S. Genius handles the distribution, marketing and sales for such brands as Asia Extreme(TM), Discovery Kids(TM), Dragon Dynasty(TM), Dimension Films(TM), Entertainment Rights, Classic Media and Big Idea (Entertainment Rights group companies), ESPN(R), IFC(R), RHI Entertainment(TM), Sesame Workshop(R), The Weinstein Company(R) and WWE(R). Genius Products, Inc. is the managing member of Genius Products, LLC, in which it holds a 30% equity interest.

Safe Harbor Statement

Except for historical matters contained herein, the matters discussed in this press release are forward-looking statements. The forward-looking statements reflect assumptions and involve risks and uncertainties that may affect Genius Products' business, forecasts, projections and prospects, and cause actual results to differ materially from those in these forward-looking statements. These forward-looking statements may include, but are not limited to, statements regarding our anticipated revenue, income, operating expenses, operating margins and profitability, the number of anticipated releases per year under our agreement with Quadrant and our other content partners, the anticipated timing and performance of new releases, and the success of our expansion into new lines of business and/or new territories. Actual results could vary for many reasons, including but not limited to, our ability to acquire and keep valuable content and expand our distribution and co-production partnerships, the unpredictability of audience demand, the popularity of our video game and DVD titles, our ability to perform under the terms of our agreement with Quadrant and our other content providers, our ability to comply with the terms of our credit facility with Societe Generale, our ability to continue to manage our significant growth, our ability to continue to attract and keep experienced management, the effect of technological change, the availability of alternative forms of entertainment and our ability to maximize our operating leverage. Other such risks and uncertainties include the matters described in Genius Products' filings with the Securities and Exchange Commission. Genius Products assumes no obligation to update any forward-looking statements to reflect events or circumstances after the date of this press release.

Source: Business Wire

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