Euro Studio Vuelta Group Launches With Acquisitions Of France’s Playtime, Germany’s SquareOne & Denmark’s Scanbox; Italy, Spain & Benelux To Come — Read Deadline’s Exclusive Interview With The French Founders
deadline.comEXCLUSIVE: A significant shakeup in the European indie film space is underway with the formation of new studio Vuelta Group, Deadline can reveal.
Headed by French media vet Jerome Levy as Group Chairman, Vuelta has $50M+ backing from an unnamed U.S. private equity firm and has recently acquired Paris-based international sales firm Playtime Group (in a deal closed in the past week), German distributor-producer SquareOne and Nordic distributor-producer Scanbox.
Talks are underway for companies to join from Italy, Spain and Benelux, as well as another from France. Amid the proliferation of platforms in Europe and consolidation from fellow U.S.-backed indie studios such as Leonine and Mediawan, Vuelta’s partners have taken the view that they’ll be stronger together.
The joint venture will focus on distribution as well as film and TV production. Each company will continue to operate autonomously and with their former branding but they will sit under the Vuelta umbrella.
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