Video Applications and Scharff Weisberg Announce Shareholder Agreement - AvNetwork.com

Video Applications and Scharff Weisberg Announce Shareholder Agreement

Author:
Publish date:
Social count:
0

Video Applications (VAI) and Scharff Weisberg (SW) have announced a co-ownership agreement. The agreement creates a new holding company for the existing operations, enabling them to operate independently and work together strategically.

Under the new agreement, Gary Standard, CEO of Video Applications, will assume the role of CEO of the new holding company while Joshua Weisberg, president of Scharff Weisberg, will become president of the holding company. Both will continue their roles and responsibilities in the operating companies. In addition, Peter Scharff, founder of Scharff Weisberg, will expand his role as director of business development for all entities. Both companies rely on teams with extraordinary lengths of service and these teams will continue to operate the companies as distinct brands while developing opportunities to work together.

Describing the agreement, Gary Standard stated, "There's been a long-standing mutual admiration between SW and VAI and the more we began to collaborate, the more apparent it became that we shared many common philosophies and goals. On a practical level, this agreement allows us to leverage the capabilities of both companies to provide our clients with not only a broader range of services, but an even higher degree of service. Our respective teams will continue to serve our clients as they have in the past, but with a more extensive offering and capability."

Josh Weisberg amplified his new colleague's statement by saying, "While the companies share many attributes, there are numerous areas where we complement each other perfectly. With a strong presence on both coasts Scharff Weisberg and Video Applications will be able to deliver a large array of services to clients more cost-efficiently than before, while building our capabilities to create a truly national, if not international services company."

Related

Scharff Weisberg Becomes WorldStage

Scharff Weisberg and Video Applications announced that they will now be conducting business under the WorldStage name. The two companies, which were joined in a merger in 2007, have long histories in the AV, staging, and lighting business, and have been operating jointly since the merger. “Transitioning to the Wo

Scharff Weisberg Announces Move To Larger Facility

NEW YORK, NY- After 29 years in New York City, Scharff Weisberg is moving into a large, growth-friendly space in Secaucus, New Jersey. On Monday, April 28 the Lighting division will be located in Secaucus and the rest of the team, including audio, video and administration will follow in June.

Healey Joins Scharff Weisberg

Scharff Weisberg Lighting has added John Healy to its staff. In his role as event manager, he will be responsible for project management for a myriad of lighting events, including corporate, theatrical, television and live shows.

Scharff Weisberg To Add Lighting Company

The Staging Division of Scharff Weisberg has announced that is preparing the launch of a stand-alone, full-service lighting company. The New York-based AV company has not proposed a date for the full launch, but has begun offering lighting services, is expanding its lighting equipment inventory, and has hired lighting veterans Ben Saltzman and Ron Brodeur.

Scharff Weisberg Media Resource Center Moves Downtown

The Scharff Weisberg Media Resource Center (MRC), a postproduction subsidiary of Scharff Weisberg with High Definition capabilities, has moved out of its current space into a new 3,000 square foot facility on East 23rd Street in Manhattan. Clients will be able to continue to take advantage of the MRCs high-end postproduction resources, including 10-bit uncompressed High Definition editing and encoding, while benefiting from the companys new location and affiliation with co-tenant, Antenna Productions.

Scharff Weisberg To Offer Post Production Services

New York, NY -- Scharff Weisberg Media Resource Center (MRC) has entered the world of High Definition post-production. The company announced that it will now offer a full range of HD post services from 10 bit, uncompressed editing, to HD Windows Media 9 and HD MPEG 2 encoding. The company will support all of the HD formats and frame rates including the most widely used 60i, 24p and 720p HD standards.