The firm is using the purchase to form new global distribution arm Electus/Engine Distribution.
NEW YORK - Ben Silverman's multimedia studio Electus, a business of Barry Diller's IAC, has acquired Engine Entertainment and formed in-house global distribution arm Electus/Engine Distribution.
Financial terms weren't disclosed.
The new division will handle worldwide sales for Electus' content across television, film and digital.
Engine Entertainment CEO Chris Philip will assume the role of president of the distribution arm.
Said Electus CEO Silverman: "The content distribution business is changing, and I believe Chris and his team are a force in international TV distribution with top-level experience in the global TV industry that will prove to be a huge asset to Electus."
Electus and Engine had already worked together on content creation and distribution.
Said Philip: “In a very competitive landscape for fresh ideas and product, this deal now puts us at the front of the line.”
http://www.hollywoodreporter.com/news/ben-silvermans-electus-acquires-engine-72794
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