From Deseret News archives:
Merger may help Deseret Book 'Excel' with films
Excel Entertainment Group, Deseret Book are joining forces
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As for the film division, "Internally, we won't see it changing a lot except we can now bring to bear the distribution we have that we think can enhance the distribution they have had in the past."
Simpson and Dew had been talking for a couple of years about ways to "benefit the whole industry," Simpson said, adding that the transaction's final form was discussed the past six months or so. Plus, they said, such strategic relationships are common among media companies.
"It's been sort of an evolution of talks we were having about how do we do what we do better," he said. "Then it seemed to be a lot of adding of elements that, if we put them together, they would be stronger."
In the music arena, Simpson said Deseret Book has a "bigger marketing machine," including its stores' distribution channel, whereas Excel's has been more "grass-roots-oriented, a lot more PR-oriented and promotions-oriented."
"We will take those strengths and put them together," he said. The record labels, he said, "we've come to think now that they may be complementary rather than competitive."
He added, "They may not see anything tomorrow change, or the next day change, but hopefully they'll see an evolution in the entire marketplace and see better media and stronger media that really is aligned with their values, that is faith-based and works for them."
Neither Simpson nor Dew expect the transaction to affect content of future films. Deseret Book has sold every Excel product so far.
E-mail: bwallace@desnews.com
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