Alcon Entertainment forms Management Division - Alcon Management Enterprises to Amalgamate and Manage Talent Management Companies. Literary Management Agency Madhouse Entertainment is First Acquisition

Published on: September 06, 2011

Alcon Entertainment forms Management Division - Alcon Management Enterprises to Amalgamate and Manage Talent Management Companies. Literary Management Agency Madhouse Entertainment is First Acquisition

LOS ANGELES, CA, SEPTEMBER 6, 2011 - Warner Bros-based Alcon Entertainment ("The Blind Side," "The Book of Eli") is diversifying beyond its core business of financing and producing feature films with the acquisition of Madhouse Entertainment, a thriving LA-based literary management and production company that represents over 50 clients, it was announced by Co-founders and Co-CEO's Broderick Johnson and Andrew Kosove.

Madhouse would be the first company to be acquired under the newly formed Alcon Management Enterprises (AME), which will serve as a holding company for Alcon's interest in the management companies it acquires. Kosove and Johnson will assume a supervisory role in the new enterprise while not directly taking on day-to-day talent management responsibilities. Madhouse owners/co-presidents Adam Kolbrenner and Robyn Meisinger will retain autonomy in running Madhouse, as well as a significant minority share of the company. AME will serve as a holding company for as many as six talent management companies Alcon intends to acquire in the future. AME's position in the acquired companies will represent a controlling interest; however each talent management company's existing management team will continue to maintain a significant ownership percentage in their individual businesses, though reporting to the AME Board, and continue to operate them in a largely autonomous manner

State Johnson and Kosove: "We believe the formation of AME marks an important step in Alcon's growth and are thrilled that Madhouse Entertainment will be the first management company acquired by AME. We believe strongly that Robyn and Adam are poised to make Madhouse one of the premiere talent management companies in the industry."

State Madhouse Entertainment co-Presidents Adam Kolbrenner & Robyn Meisinger: "We feel very fortunate to integrate Madhouse with Alcon. Andrew and Broderick share our philosophies about the business, and we know this union will be very beneficial for our clients and mutually beneficial for our companies in general; it's a perfect fit."

Madhouse and Alcon first came into business with one another two years ago when Alcon bought the highly sought after screenplay PRISONERS, which was on the motion picture industry "black list." More recently, the two companies began discussing the possibility of Alcon acquiring Madhouse.