Sony Buys SuperComm15 Jan, 2003 By: Hive News
Sony Pictures Entertainment (SPE) has bought retail home entertainment transaction software and services firm SuperComm from The Walt Disney Co. in a move that included a ringing endorsement of the revenue-sharing model.
”We think that SuperComm's core technologies have clear applications to other transaction-based retail businesses. Fundamentally, we believe in the revenue-sharing model and in opportunities to expand its services," said Benjamin S. Feingold, president of Columbia TriStar Home Entertainment (CTHE), the SPE subsidiary that will manage the newly acquired unit.
SuperComm develops software and services to support revenue-sharing transactions for home entertainment products, as well as licensing of such software to third parties worldwide. The Dallas- and London-based company was established in 1991. Its products and services are in use in 14 countries.
"As a premiere retail information and technology services company, SuperComm can simultaneously expand its servicing for revenue sharing on affordable terms for third parties and enter into data processing activities for other businesses,”.Feingold said.
Adrian Alperovich, CTHE EVP of international sales and worldwide business development, will oversee the company's operations. SuperComm will remain in Dallas and London with no plans to change management or standard operating procedures.
"I am delighted to be able to work with talented executives like Lesley Morgan, VP and GM, Matt McIntosh, executive director – IS operations and Chris Dyde, GM for Europe, in a business with such dynamic and interesting growth prospects,” Alperovich said. SuperComm's assets fundamentally bring more detail, accuracy and analytical tools to bear on information processing, a spokesperson said. As in the past, SuperComm will retain its operational autonomy and maintain data security as a primary business objective.
"Everyone at SuperComm is truly excited about the future of our company as part of CTHE and SPE," said SuperComm's Morgan. "We have been working on expanding the depth and breadth of our current services as well as developing new tools. We have also signed significant deals in the past six months such as new licensees for Poland and Sweden. And I am particularly pleased to announce our new Category Management Programs, which will kick off this month with two studios. We look forward to meeting with our current and prospective clients to show everyone what SuperComm has been doing and focus on expanding revenue sharing worldwide."