Telstra divests Chief Entertainment to UK broadcast company

Telstra divests Chief Entertainment to UK broadcast company

UK-based Gravity Media has acquired Australian live studio and production services business Chief Entertainment from Telstra (ASX: TLS).

Gravity Media already operates in Australia under the Gearhouse Broadcast, HyperActive Broadcast and Input Media brands, and hopes the acquisition of Chief Entertainment will completement this suite of companies.

Chief Entertainment is based in Artarmon on Sydney's north shore and employees 50 staff in production services and digital media delivery services for TV networks, sporting federations, entertainment franchises, agencies and commercial brands.

The company greatly benefits from its former parent Telstra's fibre connectivity that allows it to send and receive content from its base at a high speed.

Chief Entertainment will continue to operate under its existing name until it can be fully integrated with Gravity Media's Australian operations.

The acquisition is the fifth such transaction for the UK based Gravity Media since receiving investment from TowerBrook Capital Partners in 2016.

It follows the purchases of Australian companies Input Media and Stranger Designs in 2017, and Germany-based Genesis Broadcast Services and North American-based Proshow Broadcast in 2018.

"We are delighted to welcome Chief Entertainment to the Gravity Media family," says founder and CEO of Gravity Media John Newton.

"Our Gearhouse Broadcast and Input Media businesses have worked with Chief Entertainment for many years and we see it as a natural fit with our existing businesses in Australia."

"We look forward to working with our new colleagues at Chief Entertainment to continue to grow our content production capabilities and deliver enhanced services to our clients."

Chief Entertainment CEO Hamish Cameron will step down from his role as a result of the acquisition, but will continue to be involved with the integration of the business into Gravity Media.

Chief Entertainment COO Scott Kinlyside will manage and grow the business as it is integrated into Gravity Media's operations within Australia and internationally.

Never miss a news update, subscribe here. Follow us on Facebook, LinkedIn, Instagram and Twitter.

Business News Australia

Enjoyed this article?

Don't miss out on the knowledge and insights to be gained from our daily news and features.

Subscribe today to unlock unlimited access to in-depth business coverage, expert analysis, and exclusive content across all devices.

Support independent journalism and stay informed with stories that matter to you.

Subscribe now and get 50% off your first year!

Four time-saving tips for automating your investment portfolio
Partner Content
In today's fast-paced investment landscape, time is a valuable commodity. Fortunately, w...
Etoro
Advertisement

Related Stories

TrueState raises $1.5m towards AI app template platform

TrueState raises $1.5m towards AI app template platform

Sydney-headquartered artificial intelligence (AI) app template star...

Sushi Sushi catches a new fish with Sushi Musa acquisition

Sushi Sushi catches a new fish with Sushi Musa acquisition

One of Australia's leading quick service retail (QSR) food chai...

Crypto platform Block Earner not out of the woods as ASIC appeals court ruling

Crypto platform Block Earner not out of the woods as ASIC appeals court ruling

Cryptocurrency trading app Block Earner has been brought back into ...

Owner of Houston’s Farm, Sunfresh and Gourmet Selections enters administration

Owner of Houston’s Farm, Sunfresh and Gourmet Selections enters administration

A national vertically integrated farming and ready-made salad manuf...