Home > News > Falcon Purchased by 3Media Corp. • Bookmark   • Newsletters   • Register Search Options

NEWS STORY

Falcon Purchased by 3Media Corp.

Falcon Purchased by 3Media Corp.
Get XBIZ News
Aug 19, 2004 10:38 AM PDT    Text size: 
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.

More ways to get XBIZ News:  RSS Feeds  |  E-Newsletters  |  Desktop Widget  |  Mobile
Looking for porn star news and behind-the-scene videos? Check out XFANZ.com !

EDUCATIONAL FEATURES

Cam World: A Good Grind Reaps Riches

For years, webcam modeling was taboo and considered by many as a dirty and raunchy activity. However, in today’s economy, webcam jobs are being accepted more and more by everyone across the globe.... More »

Cam World: Beauty on Point — Models Talk Tradecraft

Cam girls are the girls that are always on point — with the perfect make-up and perfect skin, the shiny hair and long nails. Given their expertise, I asked some of the girls from Studio 20 if they... More »

Cam World: Camming and Toys Go Hand in Hand

There is nothing more satisfying than pleasure, especially if it is sexual. The size or the presentation of the stimulus does not matter if the sensations and tension the body receives transform the way... More »
XBIZ NEWSLETTERS
Stay informed of the latest industry developments. Get XBIZ newsletters delivered to your inbox. Subscribe today!
Enter email address:

* To manage existing subscriptions click here.






POPULAR PRODUCTS & SERVICES
Submit your press release to
multiple news outlets with 1 click.
Subscribe to RSS news feeds or
add free content to your website.
Access XBIZ news and articles
with your mobile device.
Access the latest issues of the industry's leading trade publications in digital form. View online or download for offline viewing.

UPCOMING EVENTS

XBIZ.net Paysite Meetup

May 04 - May 04
Prague, Czech Republic

Eurowebtainment 2017

May 17 - May 20
Majorca, Spain

XBIZ Retreat

May 30 - Jun 03
Miami, Florida

XBIZ Miami 2017

May 30 - Jun 02
Miami, Florida
Everyday thousands of business professionals browse XBIZ's industry directory for quality products and services. Not listed yet? Your company could be losing potential new business. Submit your company today!
Use XBIZ RSS feeds to stay informed of the latest industry developments or as a content syndication tool for your website!