South Africa's Production Company - Okuhle Media - Acquired By Trace Group
A France-based multimedia company, Trace Group, has announced it is taken up the majority shareholding in a South Africa's production company, Okuhle Media.
Olivier Laouchez, Chairman and CEO of Trace said of the deal: "The acquisition of Okuhle Media brings new opportunities for Trace. We look forward to developing them with the Okuhle Media team, made of great professionals, passionate about building a world-class creative and production house with distinct African roots and narrative."
According to Barbara Bellini, the Chief Executive Officer of Okuhle Media said that "With Trace, Okuhle Media has found the perfect home to help us capture more growth opportunities in the domestic and international markets."
Laouchez sees Trace taking a majority stake in a valuable asset which brings with it a lot of experience and know-how in content creation and expects that with the acquisition Okuhle Media will be providing content for Trace TV channels as well as TracePlay.