CBS grabs stake in Aaron Kaplan’s Kapital Entertainment

CBS Corporation acquired an ownership stake in prolific production company Kapital Entertainment, founded and led by Aaron Kaplan. CBS will provide co-financing for Kapital to invest in its future programming and serve as its worldwide distributor. Kapital will continue to operate as an independent production company, able to sell to other buyers in the TV marketplace, and Kaplan will remain at Kapital Entertainment as its chief executive officer. “CBS is a content company, and this new venture immediately establishes another source to create more programming assets for our distribution pipeline,” said Les Moonves, chairman and CEO, CBS Corporation.“Aaron is a talented and creative producer, a skilled program packager and a very smart businessperson.We’re excited to build this partnership together.”

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