Authentic Holdings Completes Acquisition of Goliath Motion Pictures

Deal News | May 02, 2025 | Globenewswire

Authentic Holdings Completes Acquisition of Goliath Motion Pictures

Authentic Holdings, Inc. has finalized the acquisition of Goliath Motion Pictures Promotions for $11 million, marking a significant addition to its asset base. According to Chris Giordano, President of Authentic Holdings, the acquisition will enhance the company's video-on-demand capabilities and revenue stream by expanding its content library to include numerous award-winning movies and shows. The acquisition aims to boost Authentic Holdings' presence in 61 designated market areas with a goal of reaching 100. This strategic purchase is seen as a stepping stone to uplist to a higher exchange. The transaction was completed by issuing Convertible Preferred Stock to Goliath, which restricts conversion into common stock for three years, aiming to avoid immediate shareholder dilution. Priscella Holyfield-Cooper, CEO of Maybacks Global Entertainment, highlighted that incorporating Goliath's assets will redefine the company's reach and financial viability while minimizing costs. About Authentic Holdings: This company integrates entertainment, technology, and textiles with a focus on innovative streaming solutions. Goliath Motion Pictures has been a notable distributor of its vast content library for over 15 years.

Sectors

  • Media and Entertainment
  • Financial Services

Geography

  • United States – Both Authentic Holdings and Goliath Motion Pictures are companies operating within the United States, where this acquisition is taking place and impacting its market.

Industry

  • Media and Entertainment – The article discusses the acquisition of a motion picture company, Goliath Motion Pictures, by Authentic Holdings, enhancing its content library within the media and entertainment sector.
  • Financial Services – The transaction involves corporate financing elements, including issuing Convertible Preferred Stock, valuable for understanding shareholder implications and financial strategy.

Financials

  • $11 Million – The acquisition deal amount for Goliath Motion Pictures by Authentic Holdings.

Participants

NameRoleTypeDescription
Authentic Holdings, Inc.BuyerCompanyA company that combines entertainment, technology, and textiles into a diverse portfolio, striving to expand its presence in the media and entertainment industry.
Goliath Motion Pictures Promotions, Inc.TargetCompanyAn independent owner and distributor of a vast library of movie and television content for over 15 years.
Chris GiordanoPresidentPersonPresident of Authentic Holdings, Inc., involved in announcing and managing the acquisition.
Priscella Holyfield-CooperCEO and FounderPersonCEO and Founder of Maybacks Global Entertainment, commenting on the strategic significance of the acquisition.