Czech Arthouse Distributor Aerofilms Acquired by KVIFF Group (EXCLUSIVE)

The KVIFF Group, a Czech Republic-based media group built around the Karlovy Vary Intl. Film Festival, has acquired a majority stake in Aerofilms, a leading arthouse distributor in the Czech Republic.

The purchase, which was executed via the the group’s distribution arm, KVIFF Distribution, continues its expansion, seen most recently with the launch of the KVIFF TV streaming platform, and fueled by investment by Rockaway Capital. The move will up the content offered by KVIFF TV.

Aerofilms, which has released 170 films in Czech movie theaters since its founding in 2006, also operates its own internet VOD platform, Aerovod, whose catalog will now also be used by the KVIFF.TV online platform. Aerofilms will join forces with KVIFF Distribution, with the objective of increasing the synergy between the festival and online and cinema distribution, and together they will look to distribute films across the entire Central and Eastern Europe region.

Aerofilms’ CEO Ivo Andrle, who will retain his position after the acquisition and will also take over as head of KVIFF.TV, said: “I am glad that we are fundamentally strengthening the cooperation with KVIFF that we have been successfully testing on multiple levels over the past few years. The combination of festival, theatrical, and online activities under one roof creates a unique opportunity for us to offer a far wider range of independent cinematic content. I am convinced that the teaming up of KVIFF Distribution and Aerofilms will benefit audiences and filmmakers in the Czech Republic and beyond.”

More to follow.

 

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