Shapiro Media Group
SMG was founded in July 2002, in Los Angeles, California by Jay Shapiro. Mr. Shapiro had previously served as the final Chief Executive Officer of Team Communications Inc. ("TEAM"), an independent publicly traded NASDAQ motion-picture company. Mr. Shapiro, an internationally recognized financial advisor and CPA in the entertainment industry, was requested by TEAM's Board of Directors to "reorganize" the troubled film company after the termination of his predecessor. After approximately two years he determined that the best strategy for TEAM was asset liquidation for the benefit of its creditors, and a TEAM management spin-off into SMG to develop, produce and distribute new concepts for the entertainment marketplace. The Company is a diversified company engaged, on a risk-managed basis, in the development, financing, production and distribution of new entertainment content for the worldwide audience. The Company's objective is to build enterprise value by creating a library with distribution rights that will be exploited in all markets and all media. In addition, when the timing is appropriate the Company will exploit ancillary revenue opportunities generated by its programming content in the book and record publishing, feature film distribution, new media and merchandising industries.
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