Primco Management Inc., and its newly acquired ES Music Label, Announces the acquisition and funding of Music Production and Record Company Top Sail Productions
PR Newswire
LOS ANGELES, May 30, 2013
LOS ANGELES, May 30, 2013 /PRNewswire/ — Primco Management Inc. (OTCQB: PMCM) the parent company of ESMG Inc., a fully integrated multi-media entertainment company and music label ES Music, today announced that it has closed and funded the acquisition of Top Sail Productions, a music production company and record label with a multi-year US distribution agreement through WEA, a Warner Music Group Company. Chuck Gullo, a 40-year veteran of the music industry and principal of Top Sail Productions, will continue as Senior Executive Consultant to assist in the operation of Top Sail Productions and other entertainment entities under the Primco Management umbrella.
Since its inception in 1999, Top Sail Productions has created a decade specific CD series in conjunction with music icon, Casey Kasem. Each CD in the Top 10 hit driven compilation series, titled “Casey Kasem Presents America’s Top Ten Hits”, contains 20 top ten hits from the 1950’s through the 1990’s. Since inception, sales from the Casey Kasem compilation albums have exceeded two million units ($20 million in revenue), and the CDs continue to sell in the marketplace. Chuck Gullo will stay on to assist the ESMG and PRIMCO team, reporting to David Michery, President and CEO of Primco Management Inc. Future plans for Top Sail Productions include the launching of the “America’s Top Ten Hits” concert series, as well as the development of a new series titled ” The Artist Series”.
With this acquisition, and by aligning the ESMusic label with Top Sail Productions and WEA/ Warner Music Group, a leader in the music industry, ESMusic will be able to confidently and rapidly expand its music operations and provide the US exposure its artists seek through the strength and reach of being part of the WEA Distribution family, a Warner Music Group Company. The combined years of music expertise provided by Chuck Gullo and David Michery, along with their seasoned team of music executives and the staff at WEA Distribution, provides a winning combination for profitable music production and distribution.
“I am very excited and pleased to be part of the new ESMG/PRIMCO family. I have worked with David Michery for many years. We have enjoyed some great success together in the industry and I expect that to continue with this new and exciting venture. We bring an established and innovative music catalog and product stream to ESMusic, as well as a proven and highly successful music management team. I look forward to continuing to work with WEA/Warner Music Group’s top management to maximize revenues and profits from the combined music distribution of Top Sail and ESMusic artists, ” stated Chuck Gullo, President and CEO of Top Sail Productions.
“We warmly welcome music entrepreneur and longtime friend Chuck Gullo into the ESMG Music family and know that the combination of our respective music expertise and teams, with their veteran expertise, will result in a highly successful and mutually rewarding relationship. We look forward to working with Top Sail Productions to ramp up the production and marketing of the “America’s Top Ten Hits” brand and distribute new and commercially attractive music for many years to come”, stated David Michery , Primco Management Inc’s President and CEO.
About Top Sail Productions: Top Sail Productions, LLC is based in Marina del Rey, CA and serves as both a production company and record label with U.S. Distribution through WEA, a Warner Music Group company. President/CEO of Top Sail Productions, Chuck Gullo, is a 40-year veteran of the music industry. As Vice President of A&M Records, he was instrumental in furthering the careers of Janet Jackson, The Police, Amy Grant and Bryan Adams, just to name a few. After 14 years at A&M, he went on to serve as President of All American Music Group/Scotti Bros. Records, where he guided the careers of several gold and platinum artists including James Brown and “Weird” Al Yankovic. Under Gullo’s leadership, Yankovic reached double platinum, the highest success in his nearly 20-year career at that time. Gullo then teamed up with Casey Kasem and WEA Distribution in 1999 to create and launch the top selling CD series “Casey Kasem Presents America’s Top Ten Hits”. The hit series has sold over 2 million CD’s
About Primco Management Inc.: Primco Management Inc., publicly traded on OTC.QB , is the holding company for ESMG Inc.( Eat Sleep Media Group) , a fully integrated entertainment company with operating divisions in music, film, television, radio syndication and on-line sports. Through its highly skilled management team, the Company is a music producer and distributor with is ESMusic label ( which has new and emerging signed music artists such as Bruce-E-Bee, Choo Biggz and Downtown Attraction) as well as the producer and distributor of filmed and TV entertainment content. (For additional information, please visit www.esmgusa.com).
Disclaimer: The Company relies upon the Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the company’s best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company’s public announcements.
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SOURCE Primco Management Inc.
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