LOS ANGELES, Jan. 24, 2017 (GLOBE NEWSWIRE) -- StandardVision, LLC (“StandardVision” or “the Company”) (www.standardvision.com), a quickly-growing integrated media solutions company, announced today a strategic investment by Eldridge Industries. Eldridge Industries will partner with StandardVision’s leadership team to provide financial and strategic resources to support the Company’s growth. Adrian Velicescu, Founder/CEO and Chief Creative Officer along with Brad Gwinn, Chief Operations Officer, will continue to serve in their current roles and maintain substantial ownership stakes in the Company. Additionally, Efthimios “Thimio” P. Sotos is joining the Company as Chief Financial Officer.
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“Eldridge Industries is pleased to partner with Adrian and his talented management team. StandardVision has a demonstrated track record of creating, deploying, and managing best-in-class proprietary media content and we look forward to helping their business continue to flourish,” said Todd Boehly, Eldridge Industries’ Chairman and CEO.
Mark Genender, Principal with Eldridge Industries, added, “We believe StandardVision has a tremendous opportunity to make a significant impact in the hospitality, corporate, and sports entertainment industries via its proprietary integrated media solutions.”
Headquartered in Los Angeles, StandardVision has designed, installed, and created some of the most iconic architecturally integrated LED media facades in the world. By incorporating proprietary software, content development, curation, and channel programming subscriptions - all via a seamless integrated offering - StandardVision has become a global industry leader at creating and deploying unique experiential media solutions for its clients while also managing all on-going media sales efforts.
Mr. Velicescu said, “We are very excited about the partnership with Eldridge Industries and the strategic resources it will provide StandardVision. We spent a great deal of time getting to know each other and discovered a shared passion for building highly successful businesses. Both Todd and Mark understand our core values and our client-focused principles which solidified the decision to form this relationship with Eldridge Industries.”
Sheppard, Mullin, Richter & Hampton LLP acted as counsel for StandardVision and Paul Hastings LLP represented Eldridge Industries.
About StandardVision
StandardVision imagines, creates and implements the world’s largest and most compelling architecturally-integrated media channels. The Company’s turn-key LED media facades and advertising solutions have helped bring buildings to life across the globe, creating new forms of monumental public art while generating significant new revenue streams for real estate developers and owners.
Located in the heart of Hollywood, StandardVision draws a broad range of diverse talent from around the world. StandardVision is unmatched in architectural media prowess. The StandardVision team includes internationally acclaimed filmmakers, editors and designers. Additionally, the Company has the in-house tools and expertise necessary to produce unique, live action content designed exclusively for a specific location, fostering a deeper visual connection to a structure and bringing brand identities to life. The Company’s production team has created a unique camera rig designed to capture super high-resolution images capable of resolutions up to 30K; thereby allowing it to create the ultimate branding experiences. In addition to creating original content for client installations, StandardVision has a vast library of proprietary footage and images available for all licensing purposes.
About Eldridge Industries
Headquartered in Greenwich, CT, with offices in New York, London and Beverly Hills, Eldridge Industries owns, operates and invests in businesses across industries including finance, media and real estate.