Media - Wednesday, June 18, 2008
SoulTrain Bought-out. To Get Digital Makeover
MadVision Entertainment has acquired the Soul Train franchise from founder Don Cornelius. No financial terms were disclosed.
MadVision is an online/TV/print company focused on urban content. It is backed by private equity firm InterMedia Partners. They produced the Showtime stand-up comedy series “White Boyz in the Hood.” One founder, Kenard Gibbs, is the group publisher of Ebony and Jet magazines. Another, Anthony Maddox, worked as a producer at NBC and ran Sean Combs’s Bad Boy Films. The third, Peter Griffith, founded a hip-hop Web portal and worked with Vibe Magazine.
The great Don Cornelius founded Soultrain in 1970 and it had a 37 year run. Its new owners say that Soul Train has never been distributed in home video, broadband and VOD. Moreover, its Web site has barely been updated since 2006, when Cornelius stopped producing new episodes. “
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