Gravity Media set to acquire Chief Entertainment from Telstra

UK based Gravity Media has acquired Sydney studio and production provider Chief Entertainment from Telstra.

The announcement:

Gravity Media, the leading global provider of complex live broadcast facilities and production services, has agreed to acquire Chief Entertainment Pty Limited, a leading Sydney, Australia-based provider of live studio and production services, from Telstra Corporation Limited, Australia’s leading telecommunications and technology company. Gravity Media currently operates in Australia under the Gearhouse Broadcast, HyperActive Broadcast and Input Media brands and this acquisition will complement the existing Input Media production centres in the UK as well as its Melbourne production and Sydney post-production facilities. The transaction has not yet completed and is expected to complete by the end of August, subject to certain conditions being satisfied.