Bloom (company)

Last updated
Bloom Media
FormerlyMDP Worldwide (1993–1998, 2000–2003)
Behaviour Worldwide (1998–2000)
Media 8 Entertainment (2003–2012)
Industry Entertainment
Predecessor Capella Films
Lauren Films
Araba Films
Founded1993;31 years ago (1993)
Founder Mark Damon
Defunct2019;5 years ago (2019)
FateAcquired by WME-IMG in 2017 and folded into Endeavor Content in 2019
Successor Endeavor Content (now Fifth Season)
Headquarters Los Angeles, California, United States
Products Motion pictures
Parent Endeavor Content (2017–2019)
Website Official website

Bloom Media (formerly MDP Worldwide, Behaviour Worldwide and Media 8 Entertainment) was an American independent film entertainment company engaged in financing, development, production and worldwide distribution of theatrical feature films in various forms of broadcast media.

Contents

Overview

The company was formed in 1993 by Mark Damon as MDP Worldwide (the "MDP" itself is short for Mark Damon Productions).

In 1998, it was sold to Behaviour Communications, a Canadian production company from the assets of Malofilm for $19 million, which subsequently changed its name to Behaviour Worldwide. [1] In 2000, citing the struggles of Behaviour themselves, Damon's investors opted to buy back the company, which was reverted to the MDP Worldwide moniker. [2]

MDP Worldwide posted net income of C$5.5 million ($3.4 million) on revenues of $33.5 million for the year ended September 30, 2002. [3] The company had offices in Los Angeles, California and Montreal, Quebec.

On October 9, 2003, MDP Worldwide was renamed Media 8 Entertainment. [4] [5] On May 15, 2004, it was announced that Media 8 Entertainment wanted to focus on film production following the success of the film Monster , and chose to focus on eight movies budgeted on the $10-$50 million range. [6]

On October 14, 2004, founder Mark Damon announced that he would resign his post as chairman-CEO of the Media 8 Entertainment studio. [7] After leaving Media 8, on January 23, 2005, Damon would eventually form a new studio Foresight Unlimited, to focus on production, with Media 8 executive Tamara Stuparich De La Barra serving as vice president of production at the studio. [8]

In 2007, Media 8 Entertainment acquired the Spanish-based film companies Lauren Films and Araba Films, which then began to focus on the cinema theater business, until they became dormant in the 2010s.

In April 2012, Media 8 filed for Chapter 11 Bankruptcy, and it was reorganized as Bloom Media following a merger with Capella Films. [9]

In August 2017, Bloom was acquired by WME-IMG, with Bloom continuing to function as an entity within the company. [10] In October 2018, it was announced that Bloom's operations would be integrated into those of its parent Endeavor Content's, with Bloom's employees being transferred to Endeavor Content. [11]

Films produced by Media 8

MDP Worldwide

Behaviour Worldwide

Films distributed by Media 8

MDP Worldwide

Behaviour Worldwide

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References

  1. ↑ Kelly, Brendan (1998-03-27). "Canada's Behaviour buys MDP". Variety. Retrieved 2021-11-26.
  2. ↑ "Behaviour changes moniker to MDP". Variety. 2000-05-31. Retrieved 2021-11-26.
  3. ↑ Tillson, Tamsen (February 20, 2002). "MDP Worldwide posts record profits".
  4. ↑ Cathy Dunkley MDP changes name, focus Variety. Retrieved on May 24, 2013
  5. ↑ Jeremy Kay MDP Worldwide changes name to Media 8 Entertainment Screen Daily. Retrieved on May 24, 2013.
  6. ↑ Dunkley, Cathy; Harris, Dana (2004-05-15). "Media 8 reshapes". Variety. Retrieved 2021-12-02.
  7. ↑ Dunkley, Cathy; Harris, Dana (2004-10-15). "Damon late of Media 8". Variety. Retrieved 2021-12-02.
  8. ↑ Mohr, Ian (2005-01-24). "Damon shows Foresight". Variety. Retrieved 2021-12-02.
  9. ↑ "busbk.com" . Retrieved September 26, 2012.
  10. ↑ Fleming, Mike Jr. (30 August 2017). "WME/IMG Acquires Ken Kao & Alex Walton's Sales/Financing Company Bloom". Deadline Hollywood . Retrieved 4 January 2022.
  11. ↑ Fleming, Mike Jr. (10 October 2018). "Endeavor Content Bolsters TV & Film Ranks, Fully Integrates Global Sales Company Bloom; Alex Walton Is EVP, Dan Guando Sr Veep". Deadline Hollywood . Retrieved 4 January 2022.
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