Keystone Ent. buys Red Sky

Acquisition brings 'greater ownership,' chief exec sez

VANCOUVER — Canuck film producer Intl. Keystone Entertainment has entered into an agreement to acquire 93% of the outstanding shares in theatrical distrib Red Sky Entertainment for C$1.8 million ($1.2 million).

Keystone’s production operations are based in Vancouver, with executive and distribution offices in Malibu, Calif. Red Sky is a Vancouver-based firm that has Canuck rights to distribute Keystone’s most recently released film, “MVP: Most Valuable Primate.”

“By acquiring Red Sky, Keystone will be able to license its films on a media-by-media basis within Canada, thereby retaining greater ownership of its film library,” said chief exec Robert Vince.

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