Hollywood Media Acquires Studio Systems

Hollywood Media, a provider of news, information and ticketing covering the entertainment and media industries, is acquiring Studio Systems, a company providing database and information services to the entertainment industry.

Hollywood Media acquired the company for a cash payment of approximately $4.5 million and issuance of shares of Hollywood Media Corp.’s common stock valued at $250,000.

Studio Systems will be integrated with Hollywood Media’s Baseline/FilmTracker subsidiary.

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