Kerry McCluggage and Jeff Sagansky have acquired the independent international distribution company Ardustry Home Entertainment, it was announced here April 12 at MIPTV, the audiovisual and digital co
CANNES, France (The Hollywood Reporter) -- Kerry McCluggage and Jeff Sagansky have acquired the independent international distribution company Ardustry Home Entertainment, it was announced here April 12 at MIPTV, the audiovisual and digital content market.
The new ownership begins immediately with Cheryl Freeman remaining as CEO of the Woodland Hills, Calif.-based company. Ardustry licenses, markets and distributes movies, TV programming and direct-to-video product worldwide.
"We've been intrigued by the growth of Ardustry Home Entertainment for some time now," said Sagansky, who most recently served as vice chairman of Paxson Communications Corp. "The rapid progress that Cheryl and her team have made in a mere two years is impressive. We want to continue to expand upon this strong business that has been built, enlarge its library as well as explore other avenues of business," added Sagansky, who also was head of Worldwide Television and Strategic Planning for Sony.
"Jeff and I are looking forward to building Ardustry Home Entertainment into one of the top independent companies around," said McCluggage, former chairman of the Paramount Television Group. "With our input and Cheryl's passion, we are confident that Ardustry Home Entertainment will quickly become one of the top independents in the business." McCluggage is president of Craftsman Films, an independent production company developing motion picture and television product.
Launched in August 2002, Ardustry Home Entertainment distributes to broadcast, satellite and cable television and home video markets worldwide. The company has succeeded in building substantial libraries of theatrical titles, television series, documentaries and reality programming, music and sports specials, lifestyle titles and an array of "how-to" product. The company recently announced plans to expand into theatrical distribution.
Sagansky also has served as the president of TriStar Entertainment, where he greenlighted such films as "Look Who's Talking," "Peggy Sue Got Married," "Steel Magnolias," "Glory" and "About Last Night." In 1990, he joined CBS as head of programming, where he engineered CBS' ratings rise from third to first place within 18 months.
McCluggage also served as president of Universal Television, where he developed "Miami Vice," among other series. During his Paramount tenure, he developed and launched UPN, while also growing Paramount's station holdings and overseeing the start of the Sci Fi Channel domestically and the Paramount Comedy Channels in the United Kingdom and Spain.