Red Arrow Buys into Gravitas Ventures

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Red Arrow Entertainment Group has purchased a majority stake in Gravitas Ventures, a U.S.-based film distributor.

Gravitas releases more than 400 new films annually and has a library of more than 2,400 English-speaking titles. The company has a particular focus on independently produced films and documentaries for global digital, SVOD and OTT platforms, and Gravitas also distributes to theaters and brick-and-mortar retailers.

Both Gravitas and Red Arrow’s television distribution arm, Red Arrow International, will continue to operate as independent Red Arrow businesses but will be closely aligned to achieve significant operational and strategic synergies.

All Gravitas Ventures employees will be retained and Nolan Gallagher, Michael Murphy and Brendan Gallagher will remain minority owners and continue to run the business with long-term employment contracts.

Jan Frouman, the chairman and CEO of Red Arrow Entertainment Group, said: “International distribution has been essential to our success from day one. In the future, scale in this space will become increasingly important. Nolan, Michael, Brendan and their team at Gravitas are whip-smart and have created a great business—one we would be hard-pressed to replicate on our own. Partnering together, we will have tremendous capabilities to package and sell films and TV to the growing list of buyers worldwide.”

Nolan Gallagher, the CEO of Gravitas Ventures, said: “We are excited to find a strategic partner in Red Arrow Entertainment who shares our vision to introduce compelling content to global audiences. Jan and the Red Arrow Entertainment Group of companies share our entrepreneurial mindset and we are confident their collaborative nature, track record of production success, and leadership in the international distribution marketplace will be a tremendous benefit to our filmmakers in an evolving entertainment environment.”