O’Melveny Represents Respected Studio Executive in Development and Production Deal with Time Inc.November 04, 2014
FOR IMMEDIATE RELEASE
O’Melveny & Myers LLP
LOS ANGELES--November 4, 2014 --O’Melveny & Myers LLP represented respected studio and distribution executive Emiliano Calemzuk and his newly formed company, Rampante, in a development and production deal with Time Inc. Rampante is creating a specific unit to make a video library for Time Inc. that will be distributed across a variety of media platforms.
The Century City-based O’Melveny team was led by partner Sean Monroe.
O’Melveny & Myers LLP
With approximately 750 lawyers in 15 offices worldwide, O’Melveny & Myers LLP helps industry leaders across a broad array of sectors manage the complex challenges of succeeding in the global economy. We are a values-driven law firm, guided by the principles of excellence, leadership, and citizenship. Our commitment to these values is reflected in our dedication to improving access to justice through pro bono work and championing initiatives that increase the diversity of the legal profession. For more information, please visit www.omm.com.
The following press release was issued by Time Inc.:
Time Inc. Expands Video Strategy with Development and Production Deal with Television Studio and Channels Executive Emiliano Calemzuk
Former CEO of Shine Group Americas and President of Fox Television Studios to Develop Tent-Pole Video Franchises and New Distribution Models
NEW YORK, November 4, 2014 – Time Inc. today announced it is joining forces with respected studio and distribution executive, Emiliano Calemzuk, and his newly-formed company, Rampante, to establish a standalone development and production unit dedicated to creating a multi-platform video library. Rampante will also assist Time Inc. in developing distribution models.
“We are expanding our video strategy to leverage the breadth of our portfolio in a cohesive, high-volume way. By partnering with Emiliano, we are gaining experience in television production and international channel distribution. Moreover, without taking on unnecessary overhead, we will have an immediate presence in Los Angeles,” commented Time Inc. Chairman and CEO, Joe Ripp. “This is a natural extension of our digital video efforts—where we have experienced terrific growth in revenue and content output over the past year. It offers us the flexibility to own intellectual property and distribute it through different business models, including SVOD and linear TV, both in the U.S. and around the world.”
“I am thrilled with the opportunity to work with the editorial and publishing teams at Time Inc. in building a video presence that is commensurate with the top-notch quality of its print product,” said Calemzuk. “After spending time with executives and editors, I am convinced that the strength and depth of the Time Inc. portfolio has the potential to lead the long-form digital video world in the decades to come. I also look forward to assisting Time Inc.'s management in developing strategies to evolve the subscription model for the next generation of consumers."
Calemzuk is widely regarded in the television industry as an entrepreneurial executive. He has experience as both an operator, developing market-leading international cable networks, and as a global producer, having introduced an international co-production model during his stewardship of Fox Television Studios.
Before launching Rampante, Calemzuk spent two years as CEO of Shine Group Americas. In that role, he drove the UK-based company’s growth throughout the Americas. A long-time veteran of News Corporation, Calemzuk earlier served in a number of senior roles including President of Fox International Channels Europe and President of Fox Television Studios in Los Angeles where he developed a successful slate that included Burn Notice, White Collar and The Killing.
About Time Inc.
Time Inc. (NYSE:TIME) is one of the world's leading media companies reaching more than 130 million consumers each month across multiple platforms. Its influential brands include People, Sports Illustrated, InStyle, Time, Real Simple, Southern Living, Entertainment Weekly, Travel + Leisure, Food & Wine and Fortune, as well as more than 50 diverse titles at Time Inc. UK such as Decanter and Horse & Hound. Time Inc. is home to celebrated events and franchises including the Fortune 500, Time 100, People’s Sexiest Man Alive, Sports Illustrated’s Sportsman of the Year, the Food & Wine Classic in Aspen and the Essence Festival. As of September 30, 2014, Time Inc. operated approximately 40 websites that collectively have over 100 million average monthly unique visitors around the world. The company also operates integrated publishing businesses that provide content marketing, targeted advertising programs, branded book publishing and marketing and support services.
Rampante is a next-generation content production and distribution company focused on high-growth segments of the media business. Rampante and its affiliates operate in the digital content arena, international television production and distribution, and the U.S. Latino segment. Rampante was founded in 2014 by media executive Emiliano Calemzuk after 14 years at News Corporation as CEO of Shine Group Americas, President of Fox Television Studios, and President of Fox International Channels Europe.
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