The private equity-backed group has acquired France's Playtime, Germany's SquareOne and Nordic Scanbox with more acquisitions planned.
The Vuelta launch is a further sign of consolidation in the European indie market, which has already seen several independent producers and distributors subsumed into PE-backed studios such as Leonine and Mediawan or snatched up by global indie giants like Fremantle and Banijay.
Levy, as group chairman, will head up Vuelta, with David Atlan-Jackson, his long-time partner in media financing group Backup Media, as chief content officer. Allen Duffy, former finance director at Fremantle, has been named chief financial officer. Scanbox’s Thor Sigurjonsson, Playtime’s Sebastien Beffa and Square One’s boss Al Munteanu will all serve on Vuelta’s management board. The company will be officially based in Ireland for tax purposes.
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