Penske Media Corporation acquires Art Market Monitor

July 12, 2019 — Fusion DigiNet

Penske Media CorporationPenske Media Corporation, the parent company of ARTnews, is to acquire Art Market Monitor, an online publication run by its founding editor Marion Maneker since 2008. Through the acquisition, Maneker will become editorial director of ArtNews Media, LLC, a company that oversees ARTnews and Art in America. The terms of the transaction were not disclosed.

Jay Penske, Chairman and CEO of PMC, said, “In the art world, where a significantly fragmented audience spans so many websites, newsletters, and brands, PMC sees the opportunity to augment these exceptional brands with further investments in content and editorial, complemented by robust data and analytic tools, and growing an engaging live media and event business. This acquisition adds a strong subscription business that expands PMC’s reach and influence in the art vertical.”

Prior to launching Art Market Monitor, Maneker was the publisher of HarperCollins’s business books imprint from 2002 to 2007. He also served as an editor at Simon & Schuster, and his writing has appeared in New York Magazine, the New York Sun, and Slate.

Art Market Monitor offers in-depth news and analysis about the art market, and also offers a premium subscription service. In addition to its editorial offerings, the website produces a podcast called Artelligence.

PMC acquired ARTnews and Art in America in 2018. Other publications in its portfolio include Variety, WWD, Robb Report, Rolling Stone, and Indiewire.

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Penske Media acquires ARTnews & Art in America

November 13, 2018 — Fusion DigiNet

Penske Media CorporationPenske Media Corporation has acquired leading art publications ARTnews and Art in America as part of the overall acquisition of Art Media Holdings LLC, the largest independent art publishing group that also includes The Magazine ANTIQUES and MODERN Magazine. The terms of the transaction were not disclosed.

ARTnews, founded in 1902 and winner of over 40 major journalism awards, is the most highly circulated contemporary art magazine in the world. ARTnews is a resource for leaders of the international art world, with digitally led news coverage from its global correspondents, investigative reports, reviews of exhibitions, and profiles of artists and collectors.

Since its founding in 1913, Art in America provides artists, curators, and collectors in the US and around the world with informed analysis of the world’s most important art movements.

PMC Chairman and CEO Jay Penske said, “For more than a century ARTnews and Art in America have been leaders in breaking news and commentary on the art world. To welcome these fine publications, whose editorial heritage I have long admired, is not only a remarkable opportunity but also a great honor. This purchase continues PMC’s strategy of investing in businesses with great vertical depth, and we plan to rapidly build upon their editorial foundation while extending their presence across the web, video, and international markets.”

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IMG acquires Exhibitions International

January 4, 2018 — Fusion DigiNet

IMGIMG, subsidiary of US talent agency Endeavor, has acquired the global museum exhibition producer Exhibitions International, as well as its portfolio of events including King Tut: Treasures of the Golden Pharaoh (on which the two companies had previously collaborated), Pompeii: The Exhibition and Mummies of the World.

Under the terms of the acquisition, Exhibitions International will sit within IMG’s events division with arts and entertainment. Furthermore, John Norman, Exhibitions International’s founder and president, will become managing director of exhibitions for IMG Events. Norman’s team will also join IMG Events. Financial details of the transaction were not disclosed.

Stephen Flint Wood, SVP and managing director, Arts & Entertainment Events at IMG, said, “I had the pleasure of collaborating with John Norman when we staged Tutankhamun together in Australia in 2011. I quickly realised why John was regarded as the best in the business and was therefore delighted when we had the opportunity for him and the rest of his team to become part of the IMG family. As managing director, John will have the full support and resources of the global IMG network, and we in turn have a new opportunity to expand our world-class events offering.”

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Adobe acquires creative social media platform Behance

January 3, 2013 — Fusion DigiNet

adobeAdobe Systems Incorporated has acquired privately held Behance, an online social media platform that enables creatives to showcase and share their work.

According to TechCrunch, Adobe paid slightly more than $150 million in cash and stock, with certain growth goals to attain over multiple years.

“When we launched Creative Cloud earlier this year, we committed that we would give members new value on an ongoing basis.  Last week, we launched new training features, file synchronization and sharing capabilities, digital publishing services and significant updates to a number of our tools, including Photoshop,” said David Wadhwani, senior vice president and general manager, Adobe. “Behance will play a key role in Adobe’s efforts to serve the creative world in the years to come and will accelerate our efforts to enable a more open and collaborative creative behancecommunity.”

In the last 30 days, portfolios on Behance-powered sites have received over 90 million views and today there are over 3 million projects hosted on the Behance platform.

As well as providing a showcase for creative work across industries and disciplines, Behance also powers the portfolio display for thousands of other websites around the Web, including AdWeek, Rhode Island School of Design (RISD) and The Smithsonian National Design Awards. As Behance has grown, it has evolved into more than a destination that creatives use to forge connections. Behance has now become a place where creative professionals also find work and market their unique skills.

Adobe plans to integrate Behance’s community and portfolio capabilities with Adobe Creative Cloud, allowing members to seamlessly create content, seek feedback, showcase their work and distribute it across devices.

Further details

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