Variety, Entertainment Trade Magazine, Is for Sale
23 Mar 2012
Reed Business Information announced March 23 that it will sell the entertainment industry trade magazine Variety.
In a statement Mark Kelsey, CEO of RBI, said, "Variety is an iconic title serving the film and entertainment industry for more than 100 years. With RBI's increasing focus on data services, and the sale of our other US print magazines, it now makes sense for us to sell the business. Variety has an incredibly talented team who have successfully innovated and expanded the franchise in industry news and analysis. I have no doubt the business will continue to thrive under new ownership....For more than 100 years, Variety has been the leading source of information and analysis for the entertainment industry. It continues to hold that position, and with its talented staff and far-reaching relationships, Variety is at the heart of the industry."
Variety President Neil Stiles added, "I have every confidence that under new ownership, Variety will continue to thrive, innovate and provide fantastic insight into the sector."
Variety was founded in New York City in 1905 by Sime Silverman.
Holed up in a seedy motel on the edge of the Mojave Desert, two former lovers unpack the deep secrets and dark desires of their tangled relationship, passionately tearing each other apart. Led by director Daniel Aukin (Back Back Back at MTC, 4,000 Miles), Tony winner Nina Arianda (Venus in Fur at MTC, Born Yesterday) and Sam Rockwell (A Behanding in Spokane, The Way Way Back) bring an explosive intensity to Sam Shepard’s (Buried Child, True West) landmark myth of the new Wild West.