Red Arrow Studios Offloads Gravitas Ventures

Red Arrow Studios has sold its 62.5 percent stake in U.S. film distributor Gravitas Ventures to Anthem Sports & Entertainment.

Gravitas Ventures distributes indie films and docs, largely to international digital platforms. It became part of Red Arrow Studios in November 2017.

“We are consistently pursuing our strategy and placing our focus on local programs,” said Henrik Pabst, member of the Red Arrow Studios Advisory Board and chief content officer of Seven.One Entertainment Group, the entertainment arm of ProSiebenSat.1 Group. “Accordingly, we are clearly aligning our content, channels and entertainment platforms toward synergies and the German-speaking region. A global independent film distributor like Gravitas thus has its ideal home rather in a company such as Anthem Sports & Entertainment. We are convinced that Gravitas will add very well to Anthem Sports & Entertainment’s growth plans with its strong content and excellent customer relationships and will continue to develop there. We sincerely thank Gravitas for our years together and wish them all the best in their future journey.”

Leonard Asper, founder and CEO of Anthem Sports & Entertainment, added, “It has been a pleasure working with the Red Arrow team to make this acquisition possible. Gravitas Ventures is deeply established as a global leader in film and distribution, consistently producing top-quality content that appeals to a broad and diverse audience. Their library will be a vital asset for Anthem’s top properties, many of which are dedicated to delivering a quality cinematic experience to viewers at home or on the go. The expertise of the Gravitas Ventures team will be invaluable as Anthem moves into the digital distribution realm, and we look forward to working with them to expand our collective reach even further with specially developed FAST digital channels that will fully utilize the power of their incredible catalog.”

Nolan Gallagher, founder and CEO of Gravitas Ventures, noted, “In collaboration with Red Arrow we have been able to expand the size, scope and financial results for our films and documentaries. We look forward to continuing to entertain global audiences as we embark on our new chapter with Anthem.”