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Deal creates world’s largest single provider of digital dailies, encoding and production workflow services for film & TV industry
Los Angeles, April 16, 2007 - Sample Digital Holdings LLC is leading a transaction and financing to enable the roll-up of three leading independent digital media service suppliers to the film and television industry.
Hyperion Entertainment Group is backing the roll-up which combines LA-based Digital Dailies LLC, Sample Digital Media Services LLC and DAX Solutions, Inc. into a new entity designed to leverage the strengths of each company. The combined company, to be named later, will provide studios, networks, and independent production companies with the most extensive suite of production workflow acceleration and media management tools, including secure digital dailies, content distribution, world-class encoding services and dynamically increased customer support.
Digital Dailies® and DAX together currently supply the majority of the industry with highly secure, web-based digital production workflow and Digital Dailies® solutions, a service that minimizes inefficiencies throughout the content creation, distribution and approval process. Both companies currently supply both web-based and set top box applications that create a secure online environment where producers, management, distribution and licensing partners can share ideas, information and content created throughout the production or campaign lifecycle, or as required for trafficking and distribution of final product. The combined companies will be positioned to meet the media and entertainment industry’s growing demand for end-to-end electronic management of the production process.
Led by founders Josh C. Kline (CEO - Digital Dailies, Sample) and Patrick Macdonald-King (CEO - DAX), the companies involved in this stage of the roll-up are:
“We have been discussing this transaction on and off for the past three years,” said Kline. “The time was right to do it, and Patrick is the right executive to lead the endeavor as we integrate these companies and continue to look at future expansion and potential acquisitions.”
Patrick Macdonald-King, CEO of DAX Solutions, will absorb the day-to-day management responsibilities and CEO duties of all three entities, working closely with Kline in the alignment and merger of operations, as well as formulating long term strategy for additional roll-up opportunities and product integration. Staff levels of all combined companies are expected to remain intact.
“This move is all about delivering an industry standard production workflow and exchange platform to studios and networks as well as opening the door to greater expansion for our new company,” said Macdonald-King. “Current clients can expect continued product support and the same quality experience with all of the services provided by DAX, Sample, and Digital Dailies.”
Digital Dailies’ robust play list and collaboration tools are now offered alongside DAX’s industrytargeted media asset management, content creation workflow tools and enhanced secure worldwide streaming infrastructure. DAX’s proprietary content delivery network - the Virtual Entertainment Industry Network - is comprised of regionally deployed Edge Accelerators (Edge Servers) in major markets including New York, Toronto, Los Angeles, and London as well as deployments at most major studios and networks, is capable of servicing any producer/distributor relationship with minimal roll out time.
At NAB, Digital Dailies, Sample Digital and DAX Solutions will be presenting their products in a private suite at the Hilton Convention Center Hotel. Appointments may arranged by calling (310) 478-6644.
ABOUT HYPERION ENTERTAINMENT GROUP
Hyperion Entertainment Group, a Miami-based private equity and consultancy firm, specializes in the investment in best of breed media and entertainment related properties.
ABOUT SAMPLE DIGITAL and DIGITAL DAILIES
www.sampledigital.com
Founded in March of 2000, Sample Digital Media Services is the premier provider of digital media encoding services to clients including Disney, Sony, Universal, Paramount, Brightcove, Intel, Microsoft, Movielink, CinemaNow, ClickStar, Nero and many others. Encoding services cover the gamut from HD downloads to emerging IP-VOD offerings in SD and HD resolutions, to mobile phone and other portable media devices.
Originally released in 2002, Digital Dailies® has emerged as a market-leading digital media solution that delivers media within a secure and structured networked environment. Digital Dailies® is equally suited for creative professionals working in feature film, television and shortform production. The system features collaborative tools empowering content creators to communicate information related to the production process in real time, free of the constraints of time or location. In March 2003, Sample Digital was awarded a registered trademark to the mark “Digital Dailies”. In 2006, the Digital Dailies® system was significantly enhanced by the
development of a set-top box playback system. Digital Dailies® clients include ParamountDreamWorks, New Line, Sony, Bad Robot, Spyglass and Lakeshore.
ABOUT DAX SOLUTIONS
www.daxsolutions.com
Los Angeles-based DAX Solutions, Inc., founded in 2002, delivers targeted workflow applications to companies producing, distributing and licensing audio-visual content. Its primary product, DAX: The Production Workflow Accelerator™ is a highly secure, web-based application designed to help film, television and advertising producers and distributors reduce costs by sharing resources, enhancing collaboration and speeding distribution in a friendly, easy-to-use and highly secure online environment. DAX employs workflow/collaboration tools and full media asset management capabilities combined with a robust content delivery network already deployed at most Hollywood studios and television networks.
DAX most recently extended its solution to include HD and SD set top boxes, allowing executives using DAX to view content on a television screen with remote control, point and click experience. DAX is used by such creative leaders such as Walt Disney Pictures, Fox Television Studios, Miramax Films, IS Film Distribution (Summit/Intermedia), Lionsgate, Showtime Networks, Marvel Studios and Lifetime Television.
Copyright ©2007 NewBay Media. All Rights Reserved.
April, 2007 – Digital Video – DV.com
Sample Digital, Digital Dailies, DAX Solutions Roll Up Into New Digital Powerhouse
Los Angeles, April 16, 2007 - Sample Digital Holdings LLC is leading a transaction and financing to enable the roll-up of three leading independent digital media service suppliers to the film and television industry.
Hyperion Entertainment Group is backing the roll-up which combines LA-based Digital Dailies LLC, Sample Digital Media Services LLC and DAX Solutions, Inc. into a new entity designed to leverage the strengths of each company. The combined company, to be named later, will provide studios, networks, and independent production companies with the most extensive suite of production workflow acceleration and media management tools, including secure digital dailies, content distribution, world-class encoding services and dynamically increased customer support.
Digital Dailies® and DAX together currently supply the majority of the industry with highly secure, web-based digital production workflow and Digital Dailies® solutions, a service that minimizes inefficiencies throughout the content creation, distribution and approval process. Both companies currently supply both web-based and set top box applications that create a secure online environment where producers, management, distribution and licensing partners can share ideas, information and content created throughout the production or campaign lifecycle, or as required for trafficking and distribution of final product. The combined companies will be positioned to meet the media and entertainment industry’s growing demand for end-to-end electronic management of the production process.
Led by founders Josh C. Kline (CEO - Digital Dailies, Sample) and Patrick Macdonald-King (CEO - DAX), the companies involved in this stage of the roll-up are:
- Digital Dailies® is the industry’s leading desktop and set top box solution provider of online dailies services to studios and production companies including Paramount-DreamWorks, Sony, New Line Cinema, and Bad Robot.
- DAX Solutions is the leading supplier of Production Workflow Acceleration tools, streaming dailies and set top box solutions to such studios and networks as Walt Disney, Fox Television Studios, Lionsgate, Lifetime Television, Showtime Networks, Marvel, Miramax and IS Film Distribution (Summit).
- Sample Digital is a world-class media encoding facility providing services to companies including NBC-Universal, Disney, Sony, DreamWorks, Microsoft, Intel, Movielink, CinemaNow and many other content providers.
“We have been discussing this transaction on and off for the past three years,” said Kline. “The time was right to do it, and Patrick is the right executive to lead the endeavor as we integrate these companies and continue to look at future expansion and potential acquisitions.”
Patrick Macdonald-King, CEO of DAX Solutions, will absorb the day-to-day management responsibilities and CEO duties of all three entities, working closely with Kline in the alignment and merger of operations, as well as formulating long term strategy for additional roll-up opportunities and product integration. Staff levels of all combined companies are expected to remain intact.
“This move is all about delivering an industry standard production workflow and exchange platform to studios and networks as well as opening the door to greater expansion for our new company,” said Macdonald-King. “Current clients can expect continued product support and the same quality experience with all of the services provided by DAX, Sample, and Digital Dailies.”
Digital Dailies’ robust play list and collaboration tools are now offered alongside DAX’s industrytargeted media asset management, content creation workflow tools and enhanced secure worldwide streaming infrastructure. DAX’s proprietary content delivery network - the Virtual Entertainment Industry Network - is comprised of regionally deployed Edge Accelerators (Edge Servers) in major markets including New York, Toronto, Los Angeles, and London as well as deployments at most major studios and networks, is capable of servicing any producer/distributor relationship with minimal roll out time.
At NAB, Digital Dailies, Sample Digital and DAX Solutions will be presenting their products in a private suite at the Hilton Convention Center Hotel. Appointments may arranged by calling (310) 478-6644.
ABOUT HYPERION ENTERTAINMENT GROUP
Hyperion Entertainment Group, a Miami-based private equity and consultancy firm, specializes in the investment in best of breed media and entertainment related properties.
ABOUT SAMPLE DIGITAL and DIGITAL DAILIES
www.sampledigital.com
Founded in March of 2000, Sample Digital Media Services is the premier provider of digital media encoding services to clients including Disney, Sony, Universal, Paramount, Brightcove, Intel, Microsoft, Movielink, CinemaNow, ClickStar, Nero and many others. Encoding services cover the gamut from HD downloads to emerging IP-VOD offerings in SD and HD resolutions, to mobile phone and other portable media devices.
Originally released in 2002, Digital Dailies® has emerged as a market-leading digital media solution that delivers media within a secure and structured networked environment. Digital Dailies® is equally suited for creative professionals working in feature film, television and shortform production. The system features collaborative tools empowering content creators to communicate information related to the production process in real time, free of the constraints of time or location. In March 2003, Sample Digital was awarded a registered trademark to the mark “Digital Dailies”. In 2006, the Digital Dailies® system was significantly enhanced by the
development of a set-top box playback system. Digital Dailies® clients include ParamountDreamWorks, New Line, Sony, Bad Robot, Spyglass and Lakeshore.
ABOUT DAX SOLUTIONS
www.daxsolutions.com
Los Angeles-based DAX Solutions, Inc., founded in 2002, delivers targeted workflow applications to companies producing, distributing and licensing audio-visual content. Its primary product, DAX: The Production Workflow Accelerator™ is a highly secure, web-based application designed to help film, television and advertising producers and distributors reduce costs by sharing resources, enhancing collaboration and speeding distribution in a friendly, easy-to-use and highly secure online environment. DAX employs workflow/collaboration tools and full media asset management capabilities combined with a robust content delivery network already deployed at most Hollywood studios and television networks.
DAX most recently extended its solution to include HD and SD set top boxes, allowing executives using DAX to view content on a television screen with remote control, point and click experience. DAX is used by such creative leaders such as Walt Disney Pictures, Fox Television Studios, Miramax Films, IS Film Distribution (Summit/Intermedia), Lionsgate, Showtime Networks, Marvel Studios and Lifetime Television.
Copyright ©2007 NewBay Media. All Rights Reserved.