ProSiebenSat.1 Media is selling North American creator business Studio71 US to Fixated.
The deal, financial terms of which are not being disclosed, is for all companies operating under the Studio71 US banner and does not include the Studio71 business in German-speaking countries, which stays within the Unterföhring-based group.
Studio71 US is one of the original creator businesses, having been founded in 2011 under the name Collective Digital Studio (CDS), and has been part of the ProSiebenSat.1 since 2015. At that point CDS was merged with the German-focused Studio71 under single branding.
The deal was agreed on Friday
Our editorial team includes several staff writers, each contributing their specialized knowledge to enhance the depth and breadth of our event and story coverage.