Eldridge Industries Acquires Film Expo Group, Repositions It for Expansion as a Standalone Company

NEW YORK, Sept. 26, 2017 /PRNewswire/ -- Eldridge Industries, which operates a portfolio of diversified businesses across several different industries, has acquired a controlling interest in Film Expo Group, producer of the successful film-industry trade shows CineEurope, CineAsia, and ShowEast, and publisher of Film Journal International. Previously a part of Mediabistro Holdings, which is also controlled by Eldridge Industries, Film Expo Group will now operate independently.

Film Expo Group will continue to be led by its existing management team, out of its offices in New York, with former president Robert Sunshine taking the reins as chairman. Andrew Sunshine, who had been vice president, will become president of the new group. "We are extremely excited to join the Eldridge family," the two executives said in a joint statement. "This new configuration positions Film Expo Group for continued success, opening the door to longer-term investment that will allow us to expand our core properties."

Film Expo Group's management team will be bolstered by the addition of Theo Kingma, a former president of the Hollywood Foreign Press Association. "I am truly honored to work with the Film Expo Group team," said Mr. Kingma. "I look forward to exploring and adding new and exciting opportunities." Mr. Kingma will be based on the West Coast, working out of Eldridge Industries' Beverly Hills office.

"Film Expo Group is a substantial business on its own, and presents a strategic opportunity for Eldridge," said Todd Boehly, chairman and CEO of Eldridge Industries. "We hope to work collaboratively to grow with Eldridge's other subsidiaries."

About Film Expo Group

The Film Expo Group is the premier organizer of events in the motion picture industry. The Film Expo Group produces ShowEast, held in Miami; CineEurope, held in Barcelona; and CineAsia, held in Hong Kong. Additionally, the group publishes, Film Journal International, a leading international trade magazine and website covering the motion picture industry with a special emphasis on theatrical exhibition.

About Eldridge Industries

Eldridge Industries is a private investment firm that strategically manages its capital across a diversified portfolio of companies in several different industries including insurance, finance, media, and real estate. Headquartered in Greenwich, CT, Eldridge works with proven management teams that have demonstrated leadership of human capital, and the perspective and experience to scale an enterprise.

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SOURCE Eldridge Industries