Embracer Group enters into agreement to aquire Spotfilm Networx
Embracer Group AB (”Embracer”), through its wholly owned subsidiary Koch Media GmbH, has acquired 100 percent of the shares in Spotfilm Networx GmbH (“Spotfilm Networx”) from its five current owners. Spotfilm Networx is the leading Advertising-based Video on Demand (AVOD) channel network in Germany, located in Berlin.Background and rationale Spotfilm Networx is the leading AVOD channel operator in Germany, located in Berlin, Germany. Spotfilm was founded in 2010 by Peter von Ondarza and is headed by managing director Hauk Markus. Spotfilm Networx today comprises 18 full-time employees