Gravitas Ventures, the indie film and documentary distributor founded and run by Nolan Gallagher, has been acquired by Canadian media giant Anthem Sports & Entertainment.Anthem bought Gravitas from Germany-based Red Arrow Studios as part of a multimillion dollar deal that includes Gravitas Ventures’ library of 3000 titles.
Anthem’s transaction was based on a cash purchase price of $73 million along with an additional common stock consideration component.
Gravitas Ventures will join a roster of Anthem properties such as AXS TV, HDNET Movies, IMPACT Wrestling, Invicta Fighting Championships, Fight Network, Game+ and GameTV.
Read more on thewrap.com
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