Hallmark Home Entertainment
|
Formerly called
|
Crown Media, Inc. (1991-2000) |
|---|---|
| Privately owned subsidiary | |
| Traded as | Formerly (NASDAQ:CRWN) |
| Industry | Television |
| Genre | Family |
| Predecessor | Jones Crown Partners |
| Founded | 1991 in Dallas, Texas, United States |
| Founder | Hallmark Cards |
| Headquarters | Studio City, Los Angeles, California, United States |
|
Number of locations
|
5 (2014) |
|
Area served
|
United States |
|
Key people
|
|
| Products |
|
| Brands |
|
| Services | Cable channels Video streaming |
| Revenue |
 US$415.6 million (2014) |
|
US$124.1 million (2014) |
|
|
US$94.5 million (2014) |
|
| Total assets |
US$1,062.1 million (2014) |
| Total equity |
US$493.6 million (2014) |
|
Number of employees
|
208 (2014) |
| Parent |
|
| Divisions | Crown Connectivity |
| Subsidiaries |
|
| Website | www |
|
Footnotes / references |
|
Crown Media Holdings, Inc. (also known as Crown Media) is a United States media production company with corporate headquarters located in Studio City, California, and is controlled by Hallmark Cards.
Crown Media consists of Crown Media Productions and its Hallmark Hall of Fame, and the Crown Media Family Networks. Crown Media Family Networks is the Hallmark Channel and its spin-offs Hallmark Movies & Mysteries and Hallmark Drama in the United States.
Since 1951, Hallmark Cards has owned the Hallmark Hall of Fame anthology movie series and later its corresponding production company, Hallmark Hall of Fame Productions. From 1990 to 1996, Republic Pictures Home Video distributed Hallmark Hall of Fame films to home video market. From 1987 to 1992, Hallmark had owned Spanish language U.S. television stations then added in 1988 Univision Spanish-language network. Hallmark Cards had established with Jones Intercable in 1989 Jones Crown Partners, which owned ten cable systems all located in Wisconsin.
Crown Media Inc. was formed in 1991 by Hallmark Cards Inc. to purchase cable television systems and programming vehicles and was originally based in Dallas. Initially, Hallmark and Crown Chairman and CEO James Hoak owning 98% and 2% respectively. Hoak was formerly chairman of multi-system operator Heritage Communications and cable TV industry executive.
First Crown intended to create three geographic cable system groups with at least 1/2 million subscribers by the end of 1994. Crown initially purchased Jones Crown Partners plus another market system from Jones Intercable for a total of 140 thousand accounts. Cencom Cable Associates Inc., based in St. Louis owning systems with 160,000 subscribers and managing other systems with 390,000 subscribers, was purchased by the end of 1991. This made Crown Media a top 20 US multi-system operators (MSO).
With a planned move of Cencom's headquarters to Dallas in January 1993, its top executives left to form Charter Communications. Near the end of 1993, Hallmark evaluated its Crown Media holding, then with 800 thousand subscribers, by investment banker Goldman, Sachs. Crown Media sold its cable systems in June 1994 for $900 million to Charter Communications and Marcus Cable.
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Wikipedia