MVD Entertainment Group and Gotham Distribution Corp. have formed Old School Ventures, a new entity formed between the companies to run, service and administrate the music and film consumer direct business, Oldies.com.
Old School Ventures will operate out of MVD’s headquarters in Pottstown, Pa., and will be headed up by industry veteran Joe Buesgen, who has been VP of marketing at Oldies.com since 2000.
“With the combined expertise and resources of MVD and Gotham, we are well-positioned to take Oldies.com to the next level and continue to innovate in the industry,” Buesgen said in a statement. “This partnership represents a great opportunity to leverage our strengths and provide our customers with the best possible experience.”
MVD, founded in 1986, is a full-service music and movie distribution firm, exclusively representing a catalog of audio and visual products for DVD, Blu-ray, CD, vinyl and digital rights, worldwide. Ed Seaman and Eve Edwards are co-CEOs of MVD.
“MVD has been working with Gotham & Collectables closely for the last 20-plus years and we know them very well; this opportunity to be in business with the Greene family is an honor,” Seaman said in a statement. “We are very optimistic about the future of collectible physical media, and together we are going to make a great team.”
Founded in 1980 by Nina Greene, Jerry Greene and Melissa Greene-Anderson, Gotham Distributing Corp. is a music and movie distribution company based in West Conshohocken, Pa. Over the past two decades, their Oldies.com division has grown into one of the largest music and movie consumer-direct catalog and e-commerce companies in the United States. Gotham is also the home of Collectables Records, a reissue record label established in 1980, and Alpha Video, an entertainment company that specializes in the manufacturing and marketing of classic movies and TV shows on DVD.
“After the sale of our iconic warehouse along the Blue Route, we realized that it was time to explore other options and partnerships that could help us continue to grow and serve our customers,” Jerry Greene said in a statement. “The formation of Old School Ventures with MVD Entertainment Group is a perfect example of how we are leveraging our strengths and resources to take Oldies.com to new heights. We are excited about this new chapter in our company’s history and look forward to working closely with our partners to build a bright future for the music and movie consumer-direct business.”
Operations transfer to the new entity Old School Ventures on March 29.