Fox Corp. has acquired MarVista Entertainment, adding to its existing streaming holdings. The terms of the deal were not disclosed although Variety reported that the price of the buy-out was roughly $100 million.
MarVista founding partner and Chief Executive Fernando Szew will continue to lead the acquired company and will report to Stefan Reinhardt, Fox Entertainment’s president of production strategy and operations.
MarVista creates original made-for-TV and direct-to-subscription video-on-demand content for networks and streaming providers like Netflix Inc.
Read more here.
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