ProSiebenSat.1, a leading European media company, creates a global MCN through the merger of Studio71 and Collective Digital Studio. The new entity is called Collective Studio71 (CS71).

MUNICH & LOS ANGELES--(BUSINESS WIRE)--ProSiebenSat.1 creates global MCN, merging Studio71 and Collective Digital Studio. ProSiebenSat.1 invests US$83 million in new entity, called Collective Studio71, at a valuation of US$240,000,000.