ProSiebenSat.1 to combine Collective Digital Studios and Studio71 into global MCN

European media company ProSiebenSat.1 is working to build a new multi-channel network through the merger of Studio71 and Collective Digital Studio. The new MCN will be called Collective Studio71 (CS71), and ProSiebenSat.1 will invest $83 million into the project at a valuation of $240 million Christof Wahl (Chair), Sebastian Weil and Ronald Horstman (ProSiebenSat.1), as well as CDS founders Michael Green and Reza Izad will jointly manage CS71. “Through our existing ProSiebenSat.1 partnership, we have been able to greatly increase monetization for our creators in Germany,” said Michael Green, Founder and Chairman of CDS. “The combination of our two MCNs will enable us…to establish the first truly global MCN. There will also be a strong focus on bringing in broadcast partners worldwide.” CDS is known for original web series Epic Meal Time, Video Game High School and Rhett + Link’s Good Mythical Morning. Studio71 created digital series Let’s Play Together, Last Man Standing and The Mansion.

Related Stories

Wendy Williams heads to late night on Bounce

The Wendy Williams Show heading to late night on Bounce.

The Wendy Williams Show is heading to late night. Bounce secured day and date repurpose rights to the talk show from Lionsgate’s Debmar-Mercury and will begin airing it weeknights at 11p starting Monday, March 5. “The opinionated voice of The Wendy Williams Show has come to symbolize pop culture,” said Jonathan Katz, President and CEO […]

Sinclair gets Raw

Sinclair gets Raw

With Sinclair Broadcasting’s acquisition of Tribune Media likely a few weeks from final approval, the Federal Communications Commission’s independent watchdog is investigating dealings between Sinclair and FCC Chairman Ajit Pai, reports the New York Times. The probe, looking at whether Pai and aides improperly pushed for rule changes timed to benefit Sinclair, has been in […]

FOX launches Daytona drones

FOX launches Daytona drones (Facebook)

FOX Sports paved its road for the upcoming Daytona 500, mapping out production details for its coverage of Sunday’s race, which will run at 2:30p on FOX. This year will see the addition of aerial drone coverage as well as a record number of in-car cameras for the event with 14 in the cards. In […]

The NBA on TNT gets a demo bounce

The NBA on TNT gets a demo bounce (Facebook)

Ahead of NBA All-Star festivities, Turner Sports announced that NBA on TNT’s live game coverage this season is delivering the net’s most viewed season-to-date viewership since 2013-14 with an average of 1.9 million viewers through 44 telecasts. That is up 20% over last year with double-digit growth across all key demos – People 18-34 (+20%), […]

The CW supersizes with Sunday

The CW supersizes (Guy D'Alema)

The CW is adding a 2-hour Sunday primetime block next season. Nine years ago the CW returned Sunday to its affiliates, but now, up 3% year-to-date in total viewers and boasting the youngest median age in broadcast, the net has inked agreements for clearances on 6 nights. “As one of the largest CW affiliate groups, […]