Gravitas Ventures mulls sale

Digital distribution specialist Gravitas Ventures has recruited an LA-based investment bank and wealth management firm to help find it a buyer.

Gravitas Ventures has tapped Salem Partners to explore its “strategic and financial options” after the company was approached by a number of potential buyers.

Focusing on feature films, it has a library of more than 2,000 titles that it distributes across platforms worldwide and says the rising consumption of content online has helped it grow its business.

The company was founded in 2006 and works with the likes of Amazon, Apple, Comcast, Google, Netflix and Verizon to distribute its library of films.