30West has taken a 'significant minority stake' in U.K. distribution, sales and production banner Altitude in a deal unveiled in Berlin. Details:
FaithfullLaunched in 2017 by entrepreneur Dan Friedkin and Micah Green, the former co-head of CAA’s Finance and Sales Group, West provides capital and strategic guidance to film projects and companies.
"We couldn’t be more delighted to cement our relationship with 30West," said Clarke. "They are an ideal partner to support our ambitious plans for Altitude Media Group, which encompass several significant new areas of business." The deal not only marks 30West’s second major investment following its 2018 acquisition of a majority stake in Neon, but the third move in a matter of days of U.S. firms making significant inroads into the U.K.
On Thursday it was announced that CAA was making a minority investment in Elysium Film Group Distribution, the newly launched distribution company led by former StudioCanal U.K. CEO Danny Perkins . Earlier this week, Endeavor Content took a minority stake in The Ink Factory, the U.K.
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