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InterMedia Partners Invests in Leading Digital Music Network, Control Room
November 15, 2007
New York (November 15, 2007) – Private equity firm InterMedia Partners, LP announced today a significant investment in Control Room, the world’s leading producer and distributor of live music events. Control Room is renowned for developing music programming, capturing live performances by platinum-selling artists such as Madonna, Jay-Z, and Oasis, and broadcasting those concerts to worldwide audiences across broadband, television, wireless, and radio platforms. InterMedia’s investment will enable Control Room to now expand its programming content beyond music and widen its distribution channels.
Leo Hindery, Jr., Managing Partner of InterMedia Partners, said, “Control Room founder Kevin Wall is an incredibly gifted and talented entrepreneur who saw an opportunity in the live music space and quickly built a successful and growing business. InterMedia’s investment will allow Control Room to further its success through expansion into new categories and through broadened strategic partnerships on a global basis.”
David Koff, Senior Partner of InterMedia Partners said, “Control Room has become, in only two years, a critical partner to musicians, their labels, and distribution entities in the U.S. and abroad. We are thrilled to partner with Kevin Wall as he now extends Control Room’s success across the entire entertainment spectrum.”
In the last 24 months, Control Room has produced nearly 100 shows featuring platinum-selling artists, including Madonna, Elton John, Foo Fighters, Beyonce, Rihanna and Jay Z. Each show delivers an electrifying live music performance from an exclusive venue or event, behind-the-scenes interviews, and back-stage access, which are then made available across broadband, television, wireless and radio platforms. In 2007, Control Room produced the largest entertainment event in history, Live Earth. Founded and produced by Kevin Wall, this seven-continent, 150-artist, 24-hour music event reached 2 billion people to raise awareness for the climate crisis, and it broke every worldwide audience record.
Control Room Chairman and CEO Kevin Wall said, “In the past two years, Control Room has established itself as the leading performance innovator in the constantly changing media landscape. I’m very excited about our new partnership with InterMedia which will accelerate Control Room’s growth through new strategic partnerships, acquisitions, and even more innovative content creation.”
About InterMedia Partners, L.P.
InterMedia Partners, LP is a private equity investment firm that makes investments in media companies. Currently investing its seventh fund, InterMedia is focused on media content catering to underserved audiences.
About Control Room
As a leading producer and distributor of premier digital music content, Control Room’s live music programming showcases the world’s biggest artists from a variety of venues through multi-platform broadcasts via television, broadband and wireless platforms. Designed in response to the shift in entertainment media consumption, Control Room is an entertainment network that offers audiences control in how, when, and where they experience entertainment content. Control Room has produced and distributed nearly 100 live music events including Madonna, Elton John, John Legend, Pussycat Dolls, and many more. Control Room delivers the highest quality productions in the industry with 8-10 camera shoots in Native HD (1080p) and using Dolby 5.1 to ensure the most compelling audience experience.
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