PHILADELPHIA & BURBANK, Calif.--(BUSINESS WIRE)--Invincible Entertainment Partners, an independent production and distribution company with diverse operations in OTT, streaming, and technology, today announced its acquisition of Business Rockstars for $20M.
Business Rockstars is the largest producer of audio and video content for entrepreneurs featuring the world’s biggest and most accomplished CEOs, billionaires, celebrity founders, startups, innovators, and disruptors.
As a result of the acquisition, Business Rockstars’ principal partners, Steve Lehman and Thom Beers, both seasoned media executives, will join the Invincible board and executive committee. Lehman has previously held CEO roles of both Nasdaq and NYSE companies and was founder and CEO of Premiere Networks (now owned by iHeartMedia). Additionally, he was a first-round investor in the Mark Cuban-led broadcast.com. Beers, a 3x Emmy Award-winning producer, was founder and CEO of Original Productions (“Deadliest Catch”, “Ice Road Truckers,” “Storage Wars”) and was previously chairman and CEO of FremantleMedia North America.
“Business Rockstars perfectly aligns with our strategy to acquire quality content and use that content to create and enhance our brands, while bringing high quality entertainment to our audiences,” said Tom Ashley, founder and CEO of Invincible Entertainment. “Business Rockstars is a powerful brand and a great addition to our family of OTT streaming services and FAST channels.”
“Business Rockstars started out as a two-hour daily radio show on the CBS station in Los Angeles,” said Lehman. “It was a way for Thom (Beers) and I to meet cool companies to invest in. Rockstars has grown into one of the premier video platforms for entrepreneurs. Tom Ashley’s shared vision for Rockstars is to create a ‘Better, entrepreneurial Cheddar’ and we’re excited to help make that happen.”
Added Beers: “I’m really looking forward to working with the Invincible Team. They are incredibly well versed in OTT, and alternative distribution platforms and are well-positioned to succeed in this new media world.”
About Invincible Entertainment Partners
Invincible is an established entertainment production and distribution company based in Philadelphia, PA with diverse operations in OTT, streaming and technology. Invincible manages a massive content catalog of nearly 5,000 assets including major brands such as “The Adventures of Sonic the Hedgehog,” “Kong,” “Double Dragon,” “Highlander” and many others. Invincible Operates 10 FAST (Free Ad-supported Streaming TV) networks with channels including FrightFlix, Watch it Kid, Watch it Scream, Cinepride, Dungeon TV, Ski TV, Screen Dreams, El Conflicto and our flagship Galxy TV—a free television streaming service that gives audiences access to great programming from multiple providers. For more information, visit https://www.invincibleent.com/.
About Business Rockstars
Business Rockstars is the largest producer of audio and video content for entrepreneurs featuring the world’s biggest and most accomplished CEOs, billionaires, influencers, celebrities, startup founders, innovators, and disruptors. Business Rockstars currently produces 12 network quality TV shows and our programming airs in 43M TV households, 110 major market U.S. airports, and 750K premium hotel rooms. Our digital content has aired on media platforms including Entrepreneur.com, Yahoo! Finance, MSN, and on Delta Airlines. Business Rockstars broadcasts from the NASDAQ MarketSite studios, Times Square NY, and DIGILAND Campus in Burbank, CA. Visit businessrockstars.com.
