Gravitas Ventures

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Gravitas Ventures
TypeCorporation
IndustryMedia and entertainment
Founded2006 in Los Angeles, California
HeadquartersCleveland, Ohio
Areas served
Global
Key people
  • Nolan Gallagher, CEO & Founder
  • Michael Murphy, Pres.
  • Brendan Gallagher, Ex. VP & Gen. Counsel
ParentAnthem Sports & Entertainment
Websitegravitasventures.com

Gravitas Ventures is an independent film distribution company owned by Anthem Sports and Entertainment. The company was founded by Nolan Gallagher in Los Angeles, California in 2006 and moved its headquarters to Cleveland, Ohio in 2019, where it focuses on the distribution of Independent feature films and documentaries. Gravitas releases about 400 films every year and offers a library of 2,400 titles. One of the company's recent film releases, The Mole Agent, was nominated for an Academy Award in 2021.

History[edit]

Gravitas Ventures, an independent film distributor,[1] was founded in Los Angeles, California by Nolan Gallagher in 2006. The company releases and promotes independent feature films and documentaries, offering films to theaters and as “Video on Demand” (VOD) to screening services such as Amazon Prime, Hulu, Apple iTunes, Vudu, Google Play, Vimeo, Netflix, and Gravitas Movies [2][3][4] The company has become one of the US’s biggest providers of independent VOD.[5] The company's films come in all forms: traditional movie theater, transactional VOD like traditional cable, telco, satellite and online platforms; subscription and ad-sponsored VOD.[6] Gravitas releases around 400 films per annum; its library contains 2,400 titles.[7]

The Los Angeles Business Journal recognized the company as the #3 fastest growing private company in 2012 up from #4 fastest growing in 2011.[8] In 2019 the company moved its headquarters to Cleveland, Ohio.[2]

In 2021 Gravitas Ventures’ film The Mole Agent was nominated for an Academy Award for Best Documentary.[9]

Acquisition by Red Arrow[edit]

In 2017, the content division of the German broadcast company ProSiebenSat.1, Red Arrow Entertainment, purchased a majority position in Gravitas with an agreement to move to complete ownership in the future. Gravitas remains independent, but works in cooperation with Red Arrow International, the company’s distribution group. Red Arrow management said the combination of content generation, distribution and capacity to finance and own projects was motivation for the purchase. They planned to make “significant investments” in global film and television projects. Gravitas management and staff remained with the company.[10]

Acquisition by Anthem Sports & Entertainment[edit]

On November 16, 2021, Gravitas was acquired by Canadian media company Anthem Sports & Entertainment for $73 million in a cash and stock deal.[11][12]

Premium video on demand (PVOD)[edit]

In 2020, the company entered into one of the newer areas in film distribution – Premium Video on Demand (PVOD) offering a film, The Secret: Dare to Dream, with Katie Holmes and John Lucas, inspired by Rhonda Byrne's popular 2006 best-selling novel. The company originally obtained North American rights to The Secret, which was scheduled for an April 17, 2020 theatrical release on a thousand screens. Gravitas mostly distributes movies through digital channels, though some films get released in theatrical venues nationwide. The COVID-19 pandemic and subsequent lockdowns closed theaters that spring, delaying The Secret’s release until July 2020, when it appeared as a PVOD on streaming services like Amazon, iTunes, Comcast and Vudu.[13]

Other PVOD releases followed including Our Friend, starring Casey Affleck, Dakota Johnson and Jason Segel,[14] and Queen Bees, starring Ellen Burstyn, Ann-Margret, Loretta Devine and James Caan.[15] The company released The King's Daughter, starring Pierce Brosnan, Kaya Scodelario, Benjamin Walker, Fan Bingbing and William Hurt on January 21, 2022 exclusively in over 1000 theaters.[16]

References[edit]

  1. ^ Rubin, Rebecca (2021-03-10). "Director Charlie Minn Signs Three-Picture Deal With Gravitas Ventures (EXCLUSIVE)". Variety. Retrieved 2021-10-25.
  2. ^ a b Cotton, Kiera (April 26, 2021). "Local film distribution company, Gravitas Ventures, hopes to further cement Cleveland's impact on the entertainment industry". wkyc.com.
  3. ^ Kroll, Justin (2021-02-09). "Gravitas Ventures Acquires 'Spiked' For North American Distribution". Deadline. Retrieved 2021-11-03.
  4. ^ "Conscious Minds and Gravitas Ventures Set to Launch Instagram Influencers Doc 'Social Animals' on Netflix". TRUST Collective. 2019-03-19. Retrieved 2021-11-03.
  5. ^ Grobar, Matt (2021-08-25). "'The Subject': Gravitas Ventures Acquires U.S. Rights To Drama Starring Jason Biggs, Aunjanue Ellis & Anabelle Acosta". Deadline. Retrieved 2021-10-25.
  6. ^ "Distributor Profile: Gravitas Ventures". IndieWire. 19 August 2010.
  7. ^ Clarke, Stewart (2017-11-08). "Germany's Red Arrow Buys Gravitas Ventures, Moves Into Film". Variety. Retrieved 2021-11-03.
  8. ^ "Fastest Growing Private Companies: Gravitas Ventures | Los Angeles Business Journal". labusinessjournal.com.
  9. ^ D'Alessandro, Anthony (10 April 2021). "Chile's 'The Mole Agent' Duo On How The Plot Thickened Their One-Of-A-Kind Documentary – Contenders Film: The Nominees". Deadline.
  10. ^ Clarke, Stewart (2017-11-08). "Germany's Red Arrow Buys Gravitas Ventures, Moves Into Film". Variety. Retrieved 2021-10-18.
  11. ^ Weprin, Alex (2021-11-16). "Gravitas Ventures Sold to Anthem Sports & Entertainment for $73M". The Hollywood Reporter.
  12. ^ "Cleveland film distributor Gravitas Ventures is sold in $73 million deal". Crain's Cleveland Business. 2021-11-16. Retrieved 2022-02-19.
  13. ^ Suttell, Scott (17 July 2020). "The secret's out: A new Gravitas Ventures release is going the premium video on demand route". Crain's Cleveland Business.
  14. ^ "Our Friend".
  15. ^ Leydon, Joe (11 June 2021). "'Queen Bees' Review: A Lightweight but Likable Comedy Propelled by an All-Star Team of Old Pros". Variety.
  16. ^ Grobar, Matt (20 October 2021). "'The King's Daughter': Gravitas Ventures Nabs Rights To Fantasy Film Starring Pierce Brosnan & More, With Narration By Julie Andrews". Deadline.