Strong Global Entertainment, Inc. Acquires Premiere Video Production Services Agency, Unbounded Media Corporation, to Further Strengthen and Diversify Its Production Services Portfolio

Marks First Acquisition in Broader Strategy to Acquire Portfolio of Multi-Disciplined Content and Services Companies

Addition of Short Form Content Services Adds Predictive Revenues and Another Platform to Accelerate Expansion

CHARLOTTE, N.C., Sept. 13, 2023 (GLOBE NEWSWIRE) -- Strong Global Entertainment, Inc. (NYSE American: SGE) (“SGE” or the “Company”) today announced the acquisition of Unbounded Media Corporation (“UMC”), an independent media and creative production company. Founded by Peter Odiorne, Larry Swets and Hassan Baqar, UMC develops, creates and produces film, advertising, and branded content for a broad range of clients. UMC will operate under SGE’s original content production and distribution arm Strong Studios, Inc. (“Strong Studios”) (Safehaven, Flagrant, Inside the Black Box).

In an all-stock transaction, the deal with UMC marks the first acquisition in a broader strategy to acquire a portfolio of multi-disciplined content and services companies. Larry Swets will spearhead the acquisition strategy as Chairman of the studio and production division. Peter Odiorne will serve as Chief Content Officer, and Matt Harton as Managing Director.

UMC, in partnership with Strong Studios, will also further develop its original IP portfolio, under its Fieldhouse Entertainment division, which currently includes feature films, Into the Storm, Atomic Tourists and Footsteps of a Giant, employing Strong Studios’ long form production expertise and industry network. Additionally, the alliance offers Strong Studios the potential to utilize UMC’s brand relationships to create sponsorship opportunities to develop film and television projects.

Mark Roberson, CEO of SGE stated: “Through this strategic acquisition, Strong Studios, along with UMC, will be in a position to expand UMC’s short form content services business adding predictable revenue streams and creating a platform to accelerate expansion of our production services capabilities.”

“UMC distinguishes itself by producing video content directly for brands, offering efficient and cost-effective solutions. This approach eliminates the inefficiencies present in the traditional, segmented model of advertising agency creative, production and post-production,” said Odiorne. “With this acquisition, the first in our corporate strategy, UMC further strengthens its position through collaborative integration with the SGE family. Together, we will consistently deliver effective video content for brands and their consumers.”