December 07, 2016 10:17 PM ET

Media

Company Overview of CORE Media Group, Inc.

Company Overview

CORE Media Group, Inc. produces television shows and tours. Its portfolio includes American Idol, a television, music, and touring franchise; and dance shows. The company also provides creative production, recording, and music management services. CORE Media Group, Inc. was formerly known as CKX, Inc. and changed its name to CORE Media Group, Inc. The company was founded in 1986 and is based in New York, New York. On April 28, 2016, CORE Media Group Inc. filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of New York. It is in joint administration with AOG Entertainment, Inc.

650 Madison Avenue

New York, NY 10022

United States

Founded in 1986

310 Employees

Phone:

212-838-3100

Fax:

212-872-1473

Key Executives for CORE Media Group, Inc.

President
Chief Financial Officer, Principal Accounting Officer, Executive Vice President and Treasurer
Age: 53
Chief Operating Officer and Executive Vice President
Age: 46
Chief Executive Officer of Elvis Presley Enterprises Inc and President of Elvis Presley Enterprises Inc
Age: 69
Senior Vice President
Age: 45
Compensation as of Fiscal Year 2016.

CORE Media Group, Inc. Key Developments

Second Amended Reorganization Plan and Disclosure Statement Filed by AOG Entertainment, Inc.

AOG Entertainment, Inc., along with its affiliates, filed an amended joint plan of reorganization with related disclosure statement in the US Bankruptcy Court on August 4, 2016. As per the amended plan filed, holders of General Unsecured Claims of $23.92 million will be paid total of $2.38 million in full satisfaction. The treatment of all the other classes of claims remains same as per the previous plan.

Final DIP Financing Approved for AOG Entertainment, Inc.

The US Bankruptcy Court gave an order to AOG Entertainment, Inc. to obtain DIP financing on final basis on July 27, 2016. As per the order, the debtor has been authorized to obtain a revolving credit facility in the amount of $30 million from Elvis Blue Moon Holdings, LLC. The DIP loan would carry an interest rate of 5% p.a. The DIP facility would mature either on 12 months from the date of execution of the DIP Credit Agreement or on the effective date of the plan or on the date of consummation of the sale of substantially all assets, whichever is earlier. Adequate protection would be provided to the DIP lenders in the form of super-priority administrative expense claims which is subject to a carve-out of $0.55 million towards unpaid professional fees / administrative expenses and first priority lien upon and security interest in the debtor’s collateral. The final DIP hearing is scheduled for June 28, 2016. The DIP proceeds shall be used to make adequate protection payments, to provide for working capital expenditures and for general corporate purposes. The Court had granted the debtor an interim approval to access $6 million as DIP financing on June 3, 2016.

First Amended Reorganization Plan and Disclosure Statement Filed by AOG Entertainment, Inc.

AOG Entertainment, Inc., along with its affiliates, filed an amended joint plan of reorganization with related disclosure statement in the US Bankruptcy Court on July 25, 2016. As per the amended plan filed, there were no changes in the treatment of the claim classes.

Similar Private Companies By Industry

Company Name Region
"It" Girl Public Relations United States
+SmithGifford, Inc. United States
.TV Technologies, Inc. United States
@International Services, Inc. United States
1 Chronicles 14, L.P. United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Bloomberg L.P. United States
The Advertising Council, Inc. United States
Rush University United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact CORE Media Group, Inc., please visit www.coremediagroup.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.