Red Arrow Studios has agreed to sell Gravitas Ventures, the prolific narrative film and documentary distributor with a 3,000-title catalogue, to Anthem Sports & Entertainment, a multi-platform media company with offices and studios in Los Angeles, Denver, Nashville, New York, Kansas City and Toronto.
Red Arrow is the content production and distribution arm of Germany’s ProSiebenSat.1 Group.
The deal, which will launch Gravitas into television distribution, was based on a cash purchase price of $73 million and an additional common stock consideration component.
Anthem owns seven consumer-facing streaming channels: Axs TV (music and entertainment) and Hdnet Movies — acquired from Mark Cuban in 2019; Impact Wrestling; Invicta Fighting Championships (all-women mixed martial arts); Fight Network (combat sports); Game+ (esports and gaming); GameTV; and a significant ownership in outdoor network Pursuit Channel. Anthem and Gravitas will develop new themed channels.
Cleveland-based Gravitas was founded in 2006 and acquired by Red...
Red Arrow is the content production and distribution arm of Germany’s ProSiebenSat.1 Group.
The deal, which will launch Gravitas into television distribution, was based on a cash purchase price of $73 million and an additional common stock consideration component.
Anthem owns seven consumer-facing streaming channels: Axs TV (music and entertainment) and Hdnet Movies — acquired from Mark Cuban in 2019; Impact Wrestling; Invicta Fighting Championships (all-women mixed martial arts); Fight Network (combat sports); Game+ (esports and gaming); GameTV; and a significant ownership in outdoor network Pursuit Channel. Anthem and Gravitas will develop new themed channels.
Cleveland-based Gravitas was founded in 2006 and acquired by Red...
- 11/16/2021
- by Jill Goldsmith
- Deadline Film + TV
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