Fox Entertainment said it acquired MarVista Entertainment, a studio that specializes in, among other things, production for digital platforms. The acquisition is part of a bid to expand the company’s content portfolio as it places more emphasis on Tubi, the ad-supported streaming outlet that parent Fox Corporation bought for $440 million in 2020.
MarVista, founded in 2003, creates an average of 80 titles across different genres and has a content catalog of more than 2,500 hours of programming. It has also developed an expertise in creating holiday-themed content. The company will be led by Fernando Szew, its CEO and founding partner.
“Fernando and his team have built a globally respected studio with a track record of prolific creative output, a vast library of owned titles and an efficient approach to production that’s admired industry-wide,” said Charlie Collier, CEO of Fox Entertainment, in a statement. “With these key strategic advantages, acquiring and investing in...
MarVista, founded in 2003, creates an average of 80 titles across different genres and has a content catalog of more than 2,500 hours of programming. It has also developed an expertise in creating holiday-themed content. The company will be led by Fernando Szew, its CEO and founding partner.
“Fernando and his team have built a globally respected studio with a track record of prolific creative output, a vast library of owned titles and an efficient approach to production that’s admired industry-wide,” said Charlie Collier, CEO of Fox Entertainment, in a statement. “With these key strategic advantages, acquiring and investing in...
- 12/13/2021
- by Brian Steinberg
- Variety Film + TV
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