James Caan Ellen Burstyn Entertainment sports Anthem James Caan Ellen Burstyn

Anthem Sports & Entertainment Acquires Gravitas Ventures Content Library for $73 Million

Reading now: 394
variety.com

Cynthia Littleton Business EditorAnthem Sports & Entertainment has acquired Gravitas Ventures’ 3,000-title content library from ProSieben’s Red Arrow Studios for $73 million in cash.The transaction also includes an undisclosed amount of Anthem stock.

The Toronto-based media company headed by longtime Canwest TV executive Leonard Asper plans to use the range of documentaries and narrative movies in the Gravitas vault to fuel new free ad-support streaming TV channels, which offer content owners a ready path to monetize movie and TV libraries.Gravitas’ recent releases include the ensemble comedy “Queen Bees” toplined by Ellen Burstyn and James Caan.

Read more on variety.com
The website starsalert.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA