February 26, 2017 1:19 PM ET


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





Key Executives for CORE Media Group, Inc.

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.

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