Los Angeles, CA (PRWEB) October 18, 2016
Screenwriting education portal TheScriptLab.com has been acquired by screenplay feedback platform provider Coverfly for an undisclosed amount.
Founded in 2010, The Script Lab is a comprehensive resource for screenwriters, filmmakers, and content creators, offering a broad range of educational and motivational content and services. With over 100,000 followers across its social channels and 200,000 unique monthly viewers on its website, The Script Lab maintains one of the largest and most engaged online communities in its space.
TSL Media and Coverfly successfully launched an online screenplay feedback joint venture in January 2016. As Derek Ruth, original founder of The Script Lab and TSL Media CTO, emphasizes, “the partnership enabled us to bring the next level of screenplay development expertise to writers around the world with a high degree of confidence.”
"During the development and launch of our joint venture over the past 18 months," underscores Christopher Brenchley, CEO of TSL Media, "it quickly became clear that the Coverfly team would be ideal stewards for The Script Lab mission, its audience, and its sponsors, go-forward."
Coverfly CEO Mark Stasenko concurs, "The Script Lab has served as an invaluable resource to hundreds of thousands of aspiring, emerging, and working screenwriters, as well as an effective promotional channel for its sponsors. The synergies between The Script Lab and Coverfly proved very compelling as we looked to expand our audience of filmmakers."
TSL Media intends to use the proceeds of the sale to accelerate customer acquisition efforts for its early-stage Media & Entertainment SaaS business, ScriptNoted. Both parties expect the transition to be completed by November 30, 2016.
ABOUT TSL MEDIA
TSL Media, Inc. is a privately held technology startup based in Los Angeles, CA, specializing in business productivity solutions for the Media & Entertainment industry. Its flagship app, ScriptNoted, offers industry professionals a more productive way to evaluate, develop and sell film and television projects.
Based in Los Angeles, CA, Coverfly LLC was co-founded by a writer and a software engineer who love technology just as much as the film industry. Their mission was to create software and services that leave the human element of writing and creativity up to humans, and everything else up to computers.