Tuesday, April 24, 2018

Aviron Capital Acquires Stake In Kino Industries

Beverly Hills-based Aviron Capital, a consortium of financiers with primary backing from by private equity investor BlackRock, said this morning that it has acquired a "substantial equity stake" in Kino Industries, the developer of an interactive movie technology called CtrlMovie. Financial details of the acquisition were not announced. Aviron Capital said that Kino Industries' CtrlMovie allows users to influence the storyline of a movie by using their cell phones to vote on what characters should do at key points in a movie's narrative. Aviron said the deal also covers the financing and deployment and installation of equipment compatible with the CtrlMovie technology in movie theaters. Kino's co-CEOs are Chady Eli Mattar and Tobias Weber. Kino Industries is made up of Zurich, Switzerland-based technology developer CtrlMovie and Los Angeles-based production company Silvatar Media.