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Los Angeles, CA - March 17, 2010
THE BEANSTALK GROUP UNITES WITH LOS ANGELES-BASED ASSOCIATED TALENT MANAGEMENT (ATM)
ATM Co-Founders Join as Managing
Directors of Beanstalks Newly Formed West Coast
Operations, Bringing Existing Client Base and Licensing
Programs
NEW YORK and LOS ANGELES, March
17, 2010 The Beanstalk Group, the worlds
leading brand licensing agency and consultancy, today
announced it completed an agreement with Associated
Talent Management (ATM), a full service personal management
and licensing company based in Los Angeles, transforming
it into Beanstalks Los Angeles office. The former
principals of ATM will join Beanstalk as managing directors
of its newly formed Los Angeles office, rolling its
existing client base and licensing programs into Beanstalks
impressive client roster. Terms of the deal were not
disclosed.
Founded in 2004 by entertainment attorney
Daniel J. Levin and merchant and retail veteran Todd
Optican, ATM is one of the premier talent management
and licensing firms on the West Coast. The firm has
grown to service an exclusive group of clients for whom
it has created and managed multi-million dollar media
and licensing businesses, including lifestyle expert
Christopher Lowell, among others. ATM has been an innovator
in turning personalities into brands and is noted for
its industry-first practices with some of Americas
strongest retailers.
By leveraging Levin and Opticans
experience, Beanstalk is now better positioned to capitalize
on the recent surge in brand extension licensing among
celebrities, experts, media personalities and entertainment
brands. For many personalities, licensing is an untapped
opportunity to generate ongoing annuity revenues, to
stay relevant between entertainment projects and to
build a career that can sustain itself over the long
term.
An increasing number of celebrities
and media personalities have come to the smart conclusion
that becoming a brand is among the most
profitable business decisions they can make, said
Michael Stone, president and CEO of Beanstalk. But
making that decision is only the first step in the long
process to becoming a success with popular consumer
products at retail. In order to truly succeed, the celebrity
or personality needs to be engaged throughout the process
and the ongoing program must be managed professionally.
We have long been an intelligent and experienced licensing
agency staffed with experts who have built winning programs
time and time again. With this new muscle in the entertainment
industry, Beanstalk is now the unparalleled leader in
all forms and types of branded licensing.
Working in close collaboration with
Beanstalks offices in New York, London and Hong
Kong, Levin and Optican will continue to service current
clients, growing their brands across the U.S. and globally;
support Beanstalks current roster of celebrity
clients, including Paris Hilton and Salma Hayek; and
pursue new celebrity clients looking to license their
names around the world.
Celebrity and personality driven
licensing deals are on the radar screens of every talent
manager, entertainment attorney, business manager and
talent agent across the globe, said Levin. Importantly,
celebrity brands have also gained the attention of retailers
worldwide. By joining with Beanstalk, were now
able to leverage Beanstalks deep relationships
with both manufacturers and retailers and, together,
combine the best practices of our two companies in the
celebrity licensing space. We are extremely excited
about the opportunity.
Optican added, The future of
celebrity endorsements is clearly licensing. We saw
this coming several years ago and, as such, have worked
hard to differentiate our practices in the crowded agency
marketplace by primarily focusing on celebrity and entertainment
brand extensions. Uniting with the worlds leading
licensing agency now enables us to seamlessly manage
every step of the process, from concept to delivery
of products to a loyal fan base, on a global stage.
For more information or to reach Beanstalks
Los Angeles office, please call in Los Angeles (310)
576-7000 or email Dan.Levin@beanstalk.com
or Todd.Optican@beanstalk.com and in New York (212)
303-1146 or email Debra.Restler@beanstalk.com.
About Beanstalk
Beanstalk is a leading brand licensing agency and consultancy.
Beanstalk extends brands the smart way through careful,
strategic, and creative development of licensed products.
The company works with blue-chip brands and other high-profile
clients to leverage licensing as a strategic tool to
enhance brand awareness, increase consumer touch-points,
and generate revenue. Beanstalk also works with manufacturers
to help identify and acquire compelling brands and properties
to help them gain competitive advantage in the marketplace.
Beanstalk is the licensing agency of
record for 40 world-class brands. Beanstalk has developed
thousands of brand extensions in every major product
category, resulting in nearly $2.2 billion in retail
sales in 2009 alone. Headquartered in New York and London,
Beanstalks global reach includes offices and affiliates
throughout the world. For more information, please visit
www.beanstalk.com.
Beanstalk is a part of Omnicom Group
Inc. Diversified Agency Services (NYSE: OMC). Omnicom
(www.omnicomgroup.com) is a leading global marketing
and corporate communications company. Omnicoms
branded networks and numerous specialty firms provide
advertising, strategic media planning and buying, digital
and interactive marketing, direct and promotional marketing,
public relations and other specialty communications
services to over 5,000 clients in more than 100 countries.
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