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Germany's ProSieben buys stake in U.S. film distributor Gravitas
November 8, 2017 / 4:50 PM / a month ago

Germany's ProSieben buys stake in U.S. film distributor Gravitas

FRANKFURT, Nov 8 (Reuters) - Red Arrow Entertainment Group, part of Germany’s ProSiebenSat 1 Media, has acquired a majority stake in U.S.-based film distribution company Gravitas Ventures, the Munich-based broadcaster said on Wednesday.

Terms were not disclosed in the deal, which comes on the eve of ProSieben’s quarterly results. (Reporting by Douglas Busvine, editing by Emma Thomasson)

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