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UK's Gravity Media closes Chief Entertainment purchase

Gravity Media Group Ltd. completed its acquisition of Australian live studio and production services provider Chief Entertainment Pty. Ltd.

The transaction, pursuant to which Gravity Media agreed to buy Chief Entertainment from Telstra Corp. Ltd., closed on Aug. 30. Chief Entertainment will continue to provide Telstra with production services for its enterprise division, digital sports rights and media services under the new ownership.

Chief Entertainment CEO Hamish Cameron has now stepped down from his role but will continue to work with Gravity Media as it integrates the companies' businesses. Chief Entertainment will maintain its existing name and branding until it is fully integrated with Gravity Media's Australia operations.

Gravity Media Group, a U.K.-based provider of live broadcast facilities and production services, currently operates in Australia under the Gearhouse Broadcast Ltd., Hyperactive Broadcast Ltd. and Input Media brands. The acquisition of Chief Entertainment will complement the existing Input Media production centers in the U.K. as well as its Melbourne production and Sydney post-production facilities.