LOS ANGELES -- Pipedream Products CEO Nick Orlandino has finalized his purchase of Devil's Film, giving the veteran novelty executive and his Giant Media Group complete control over Devil's extensive catalog and day-to-day operations. With the buyout finally complete, Orlandino has promoted Eric Gutterman to vice president of operations and Steve Volponi to vice president of sales and production.
Following months of rumors and speculation, Orlandino signed the deal on April 4 and assumed control of the company last Friday. Keith Repult, Devil's former owner, approved the transaction and wants friends to know that he has retired from the adult industry to focus on other business endeavors. Orlandino is optimistic about the future, and he's confident that his veteran leadership will bring Devil's continued success.
"I'm excited to have such a great team in place to run the company as Pipedream consumes most of my time," Orlandino said. "I look forward to seeing what Eric and Steve can do and I can't wait to get the ball rolling."
The acquisition is a passive investment for Orlandino and independent of Pipedream, and all current management and staff will remain intact following the transition.
For more information about the deal, contact firstname.lastname@example.org.