Euro Studio Vuelta Group Launches With Acquisitions Of France's Playtime, Germany's SquareOne & Denmark's Scanbox; Italy, Spain & Benelux To Come -- Read ...
Company founder and former MTV host Al Munteanu commented: “We are excited to be the co-architects of an exciting new venture that builds on our long expertise bridging Europe with the US. Embarking on a venture with likeminded colleagues across Europe is a fantastic opportunity to build a powerhouse in entertainment across all media.”by Nuri Bilge Ceylan andwith Tahar Rahim.
Nicolas Brigaud-Robert, founder and co-CEO, said: “Joining Vuelta is the best way for Playtime to bring its international expertise to a group of distributors and producers who are like us, entrepreneurs at heart, with distinctive taste and talent and who have to ambition to grow worldwide.” Check back in shortly on Deadline for interviews with the heads of Scanbox, Playtime and SquareOne in which they discuss the venture in more detail.What is the ambition behind the company and how did it come about?: The ambition is create a European studio with likeminded entrepreneurs coming together with a strong focus on distribution, European content and the building of a film and TV library over time. We started conversations last year.
The U.S. fund has interests in a number of media ventures, including some that are bigger than us. They are savvy and have a lot of experience in helping companies do acquisitions but they prefer not to be named in the press. It isn’t KKR. They’re more discreet than that.: We see ourselves as a European company. We have 51% backing from Europe and 49% anchor backing from the U.S. We wanted to have more European backing behind us than some of the other large studios in Europe today.
: The priority is to consolidate in western Europe. We’re in advanced stages with an Italian company and with a French production and distribution company; we’re in early discussions with companies in Benelux and Spain. There is caution about who we bring in to make sure they’re the right companies. We have our targets and so far we’ve agreed deals with each of our targets on our list.It takes time to identify the right partners. We’re very advanced with most companies on our list.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Credit Suisse investor group joins claim seeking better UBS takeover priceA Swiss proxy adviser representing some former Credit Suisse shareholders has backed a class-action lawsuit seeking a better price from UBS for its takeover of its cross-town rival, it said on Tuesday.
Read more »
HORI7ON drop group concept photo for upcoming album 'Friend-SHIP' | allkpopHORI7ON, who has been in and out of Korea and the Philippines as they’ve been in their pre-debut motion, alerted the beginning of their first s…
Read more »
Group fights election denial as Pa. prepares to pick 2024 candidatesSome 30% of Americans incorrectly believe President Joe Biden won the White House only through fraud.
Read more »
Putin says Russia is ‘united as never before’ at meeting of Russia-China led security groupPresident Vladimir Putin claimed Tuesday that the Russian people were “united as never before,” as he sought to project confidence in the wake of a short-lived revolt during a meeting of a rare international organization where he can find a sympathetic audience.
Read more »
Euro Ahead of US Jobs Data: EUR/USD, EUR/AUD, EUR/GBP Price SetupsThe euro may have recouped some of its recent losses against some of its peers, but it would be premature to read the rebound as the start of a new leg higher for the single currency. What is the outlook for EUR/USD, EUR/GBP, and EUR/AUD?
Read more »