Shout! Studios has acquired Gravitas Ventures from Anthem Sports & Entertainment. Financial terms of the sale were not disclosed.
Shout! Studios said that, by acquiring Gravitas Ventures, the company will gain access to over 3,300 scripted, non-scripted, and sports-related feature films, documentaries, and television shows. The plan is for Shout! Studios and Gravitas Ventures to operate as two distinct brands, with each one will distributing content from its respective catalogue.
“Gravitas represents the next step in our continued expansion of the catalogue at Shout. We are excited to join forces with the Gravitas team and see several opportunities to expand distribution of the combined library,” said Garson Foos, CEO of Shout! Studios.
Shout! Studios is backed by Oaktree Capital Management. The company’s library includes “The Carol Burnett Show” and “Mystery Science Theatre 3000,” as well as films from GKIDS and Studio Ghibli.
Gravitas Ventures’s recent films include “Mack & Rita,” starring Diane Keaton; “The Kings Daughter,” starring Pierce Brosnan and Kaya Scodelario; and “Our Friend,” starring Casey Affleck, Dakota Johnson and Jason Segel.
“We’re thrilled to welcome Gravitas to the Shout! family and believe it represents another successful example of Shout’s ability to identify and execute upon attractive library acquisitions in the space. We are excited to continue to support the entire Shout team as we pursue other organic growth and M&A opportunities going forward” said Jared Frandle, managing director for Oaktree’s Special Situations Strategy.
Salem Partners acted as the financial and investment banking advisor to Anthem Sports & Entertainment and Gravitas Ventures, led by Ivar Combrinck. Sheppard Mullin acted as exclusive legal advisors to Anthem Sports & Entertainment, led by Shaun Clark and Aerin Snow. Greenberg Traurig acted as exclusive legal advisors to Shout Studios, led by Ben Einbinder and Daniel Black.
