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
XBIZ Research
What will be the biggest segment of virtual reality adult entertainment?
Recorded video content
  27.89%
Live cams
  42.11%
3D rendered virtual worlds
  30.00%
Out of 190 votes. Results based on votes submitted by members of XBIZ.net social network.
XBIZ London - Sept. 15-18
Aug 19, 2004 10:38 AM PST    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 !

LEGAL PERSPECTIVES

Law Between the Sheets: Independent Contractor or Employee?

All too often, adult business operators spend so much time focusing on things such as obscenity, record-keeping and intellectual property that they neglect some important corporate issues, including taxation... More »

Courtrooms in the Cloud: For 2257, What Comes Next?

In resolving the latest assault against 18 U.S.C. § 2257, a three-judge panel of the 3rd U.S. Circuit Court of Appeals roundly rejected the Free Speech Coalition’s broad assault on the substantive... More »

Raising Capital: New SEC Rules May Be a Crowdfunding Game Changer

On Wednesday, March 25, the Securities and Exchange Commission announced its unanimous approval of the final rules for Title IV of the Jumpstart Our Business Startups Act, also known as the “JOBS... 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.
Subscribe to XBIZ World magazine, the industry's leading e-commerce trade publication, delivering in-depth coverage of the online, mobile and ancillary digital markets.

UPCOMING EVENTS

XBIZ London

Sep 15 - Sep 18
London, UK

UKAP Awards 2015

Sep 16 - Sep 16
London, UK

2015 The Adult Awards

Sep 17 - Sep 18
London, UK

Sexual Health Expo

Sep 19 - Sep 20
New York, NY
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!