MCN Consolidation: ProSiebenSat.1 merges German Studio 71 with Collective Digital Studio
ProSiebenSat.1 Group has founded Collective Studio71 thanks to the acquisition of a majority interest in leading US MCN Collective Digital Studio (CDS) in which it has been a minority holder since last year. ProSiebenSat.1 will invest US$82.8 million in the new venture and will hold three-quarters of the equity shares in Collective Studio71.