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.
Excel president Jeff Simpson becomes executive vice president and chief marketing officer for Deseret Book.
"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.
Dew said the combined music division should be strong because each of the two music divisions has been "very good at certain kinds of music and certain kinds of music promotion . . . but there's not really a lot of overlap. There's only a little bit of overlap and a lot of unique talent on both sides."
Comments
- Funds for new courthouse approved 1:48 a.m.
- Godfrey vetoes Ogden budget 1:48 a.m.
- Odd Fellows Hall move 1:47 a.m.
- 2 country groups to perform 1:47 a.m.
- Rumor has Boozer with Bulls 1:20 a.m.
- Jazz in back of line for free agents 1:19 a.m.
- Okur signs two-year extension 1:18 a.m.
- Marion to Mavs, Stackhouse to Griz 1:16 a.m.
- Price for redistricting plan challenged 1:04 a.m.
- Basketball campers learn service 1:02 a.m.
- Rumor has Boozer with Bulls
- Stadium of Fire flag burning was fake
- Jazz in back of line for free agents
- Okur signs two-year extension
- Restaurant destroyed by fire
- A primer for the 6th Potter film
- Jazz won't meet Lopez on Europe trip
- Blazers may offer Millsap a contract
- MWC, WAC rushed into BCS
- AK will not play for Russia this summer
- Bronco collecting a galaxy of recruits
138 - Letters: Palin mistreated
136 - Teachers struggle with district cuts
134 - Blazers may offer Millsap a contract
122 - Rumor has Boozer with Bulls
82 - Fairness of BCS debated
81 - Moon landing: Let's hear from you
73 - Chaffetz eyes challenging Bennett
72 - Services bids farewell to Jackson
70 - Letters: Time for a revolution
69
Through the years, I've always raised eyebrows whenever I tell people...
The photographs are mysterious, brooding, dark. They show dimples and...
Blazers get the unbalanced trade they seek while not signing Millsap away...
Ricky Bobby - THE JAZZ DO NOT WANT TO TAKE BACK EQUAL SALARIES. They want to...
Despite the fact that logging has all but stopped in the pacific northwest...
My understanding of what FAIR is trying to do, is to provide well thought out...
Jazz will resign Milsap. If they don't it will be ahuge mistake. First off,...
I was waiting for it to be burned on the big metal structure right by the...
Hey Ute fan... the Utes had a good season. And keep throwing that BCS bowl...
Tyrus Thomas is in the last year of his contract too so what is the point for...
CougarKeith, people don't know how to properly retire the flag, what they did...
It is just talk but since it was brought up: IF we can get Prizbilla &...



You can be the first to comment on this story.