From Deseret News archives:
Merger may help Deseret Book 'Excel' with films
Excel Entertainment Group, Deseret Book are joining forces
Deseret Book Co. said Monday it has acquired Excel Entertainment Group for an undisclosed amount, bringing together two companies that had some competing operations and others that were complementary.
"In a really great marriage, you bring two people together and the sum of the two is way better than either of them are individually, and I think we will be far stronger together than either of us have been individually," said Sheri Dew, Deseret Book's president and chief executive officer.
Deseret Book publishes, distributes and sells religious books and music primarily for customers who are members of The Church of Jesus Christ of Latter-day Saints. Excel has distributed LDS films and produced and distributed music, with "God's Army," "The Other Side of Heaven" and "Charly" in its portfolio of films. Deseret Book published the latter two, and the companies jointly marketed DVD and VHS versions of all three. The combined company's first project will be "The Work and the Glory," a film from the Deseret Book best-selling book series that hits Utah theaters next week.
"We think this is all about the customer. You see media companies all over the world coming together to form stronger companies to meet their customers' needs better. We hope this means we can be a stronger driving force in wholesome family entertainment," Dew said.
"Jeff and his company have proven as have some other companies that also are doing this that there is a thirst for wholesome family entertainment. I can tell you that several of the top 10 items sold in our stores all year long are LDS movies. For the customer, what this means, I hope, is that we can do a better job of making those movies and the music and getting it distributed to more and more people and being sure our customers have a steady stream of wholesome family films and great music."
Deseret Book will keep the Excel Entertainment name for the combined company's movie distribution division and for select music artists. All music products and artists will be managed under Deseret Book's Shadow Mountain music label. Simpson will oversee the development and marketing of products in the film, music and publishing divisions.
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