Falcon Purchased by 3Media Corp.

SAN FRANCISCO – The Falcon Family of Companies finalized a management buyout this week through its parent company Conwest Resources Inc.

Founded in 1972 by Chuck Holmes, San Francisco-based Falcon is comprised of a family of gay content and video production studios, such as Falcon Studios, Jocks Studios, Mustang Studio and Falcon International brands. The studios and Conwest were most recently part of the Charles M. Holmes Foundation, a charitable foundation for the gay and lesbian community.

The buyout was organized through 3Media Corp., a company that was formed by Falcon executives Terry Mahaffey and Todd Montgomery, both of whom have been with Conwest since 2003 and have been instrumental in ramping up retail, streaming and distribution channels for Falcon.

Under the terms of the deal, 3Media will serve as the corporate parent and holding company of the Falcon Family of Companies, although over time, 3Media will resume the Conwest name.

Conwest board member Steve Johnson will also serve as chairman of the board for 3Media.

According to David McKay, director of marketing for Falcon, the purpose of the buyout was to create a separation between the content side of the company and the Charles M. Holmes Foundation, which functions as a nonprofit organization based in Portland, Ore.

"To keep things simple, Terry, Todd and Steve created 3Media Corp. through which they could acquire Conwest," Mckay told XBiz.

The buyout will instead help both entities focus on their individual charters, Mckay added.

"The buyout really lets the Holmes Foundation go their way and it lets us go our way in terms of running a for-profit company," he added.

According to a company statement, along with the buyout, Mahaffey will continue to focus on film production and talent development as the president and CEO of the Falcon Family of Companies, and Montgomery will maintain overall business and operational oversight as president and CEO of 3Media.

Copyright © 2024 Adnet Media. All Rights Reserved. XBIZ is a trademark of Adnet Media.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.

More News

SINematica Names Emily Pink March's 'Most Valuable Performer'

SINematica has crowned Columbian star Emily Pink as Most Valuable Performer for the month of March, with a spotlight scene opposite Yannick Shaft and Erik Everhard.

Agatha Vega, Nicole Aria, Angel Gostosa Co-Star in SexLikeReal's 'Sexual Anthropology'

Agatha Vega, Nicole Aria and Angel Gostosa co-star in SexLikeReal’s latest scene, “Sexual Anthropology.”

MYLF Debuts New Series 'Oye Mami'

MYLF has released the premiere episode of its newest series, "Oye Mami," titled "Fighting for a Promotion."

Cecelia Taylor Toplines Latest Volume of Bryan Gozzling's 'Hookup Hotshot: E-Girls'

Cecelia Taylor headlines director Bryan Gozzling's "Hookup Hotshot: E-Girls 15," from Evil Angel.

Valentina Nappi, Katrina Colt Star in Latest 'Lez Be Bad'

XBIZ Award winner Valentina Nappi stars with Katrina Colt in "Cheating in Plain Sight," the latest episode of Adult Time's "Lez Be Bad."

Emma Rose Joins Adult Time as Brand Ambassador

Reigning and twice-crowned XBIZ Trans Performer of the Year Emma Rose has joined Adult Time as the studio's newest brand ambassador.

Angellica Good Stars in Latest Release From TransAngels

Angellica Good stars with Kenzo Alvarez in the latest release from TransAngels.

Jennifer White Headlines 1st Installment of Seth Gamble's 'Ultimacy II'

LucidFlix has released the debut installment of "Ultimacy II," the new POV series from XBIZ Performer of the Year Seth Gamble, co-starring Jennifer White.

ERIKALUST Releases 'Lust Threesomes With Kali, Maria & Nina'

ERIKALUST has debuted its new title "Lust Threesomes With Kali, Maria & Nina.”

Playboy Plus, MetArt Partner for Content Production

Playboy Plus has teamed up with MetArt to release collaborative content.

Show More