ProSiebenSat.1 acquires CDS stake

ProSiebenSat1Germany’s ProSiebenSat.1 Group is boosting its digital and production business by acquiring a 20 per cent stake in Collective Digital Studios (CDS), a multichannel network in the US.

CDS produces, distributes, and markets video content via digital platforms including YouTube, currently achieving nearly a billion video views per month with 600 channels and more than 100 million subscribers.  The deal provides ProSiebenSat.1 with access to the rapidly growing global online video market and a roster of internationally recognised talent.

In August 2013 ProSiebenSat.1 formed its own multichannel network, Studio71, where its current web production activities are grouped. With more than 100 million video views per month, Studio71 has very quickly established itself as a leading provider of online video content in Germany.

Posted by on Mar 27 2014. Filed under Articles, Business, M&A.

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