Pilgrim Films
Pilgrim Media Group (also known as Pilgrim Studios) is a television production company based in North Hollywood, California. It was founded in 1997 by Craig Piligian. It is best known for producing reality television shows for the Discovery Channel. In 2022 Pilgrim became a minority owner in the podcasting company Lionsgate Sound with Lions Gate Entertainment, which launched on October 19, 2022. Acquisition by Lionsgate On November 12, 2015, Lions Gate Entertainment created a partnership with Piligian when the studio acquired more than 50% of Pilgrim Studios for $200 million. Piligian retained his position as CEO of the company while Pilgrim continued to operate independently under Piligian.Lionsgate Buys Major Stake In Craig Pi ...
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Subsidiary
A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unlike regional branches or divisions, subsidiaries are considered to be distinct entities from their parent companies; they are required to follow the laws of where they are incorporated, and they maintain their own executive leadership. Two or more subsidiaries primarily controlled by same entity/group are considered to be sister companies of each other. Subsidiaries are a common feature of modern business, and most multinational corporations organize their operations via the creation and purchase of subsidiary companies. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, and Citigroup, which have subsidiaries involved in many different Industry (e ...
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