Electus – IACI – Acquires Tim Puntillo’s Production Company Mannahatta

Ben Silverman’s multimedia entertainment studio Electus, an operating business of IAC (Nasdaq: IACI), announced the acquisition of Tim Puntillo’s production company Mannahatta Productions whereby Puntillo and Electus will form a new production company, yet to be named.

Also announced is the expansion of Electus’ in-house production team with the appointments of Justin Dudek as Electus’ Executive In Charge of Production, and Allison Kaz as Head of Casting and Talent.

Tim Puntillo founded Mannahatta Productions, a full service production company that develops and produces unscripted television programming. In this new position, Puntillo will be responsible for producing large format alternative programming that appeals to both domestic and international viewers. His Executive Producing credits include GSN’s Friend or Foe and Baggage (2011) hosted by Jerry Springer, STYLE Network’s Ruby, which ran for four seasons, NBC’s Minute to Win It, and Who’s Still Standing.

“Tim is a fantastic creative talent and will be a huge asset to Electus. His experience in creating and producing worldwide franchises aligns perfectly with the global strategy of our company. He will be instrumental in further developing Electus’ already robust programming slate,” said Chris Grant, CEO of Electus. “Tim’s talents, coupled with the detailed production expertise of Justin and the superior casting skills of Allison will be essential to Electus as we continue to grow as a next generation studio.”

“As a longtime reality showrunner and particularly now as an owner of a production company, I thrive on exciting creative partnerships. When Ben and Chris approached me with the idea of working alongside them, I knew that it was a career opportunity that I simply couldn’t pass up,” said Tim Puntillo. “I am excited to join Electus, to not only have the backing of an incredibly strong company with strong ties to foreign markets and deep relationships with advertisers, but to be surrounded by some of the most creative and talented people in the business.”

About Electus
Electus is the first integrated multimedia entertainment studio to unite producers, creators, advertisers and distributors under one roof and produce all forms of content for distribution across a variety of platforms around the world. Headed by Ben Silverman in partnership with IAC [IACI], the company connects advertisers, distributors and content creators early on in the development process, enabling marketers and advertisers to be a true partner in campaigns and content creation. Electus International, the global distribution arm of Electus, is responsible for all international sales and distribution for Electus’ programming and its studio partners as well as programs and formats from other well-known 3rd party providers.

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Post Written By: Ed Liston Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.