Germany’s Red Arrow Acquires Gravitas Ventures

Red Arrow Entertainment Group, the content arm of German mass media company ProSiebenSat.1, has acquired a majority stake in independent distributor Gravitas Ventures.

Terms of the deal were not disclosed, and all Gravitas employees will be retained.

Gravitas is an indie stalwart, whose founder and CEO Nolan Gallagher has appeared on numerous lists ranking influencers in film and digital media. The company also includes executives Michael Murphy and Brendan Gallagher.

Also Read: Sundance: 'Legion of Brothers' Acquired By Gravitas Ventures

Notable releases include an earlier documentary about comedian Bill Hicks, a 2015 doc called “Peace Officer” which won the SXSW Grand Jury Prize and Katie Holmes’ directorial debut “All We Had.