Zodiak Entertainment (Zodiak) has announced the acquisition of independent production and distribution company RDF Media Group (RDF). Zodiak has simultaneously announced the appointment of David Frank to the role of CEO of Zodiak Entertainment. Previously Frank was CEO of RDF. Lorenzo Pellicioli, CEO of De Agostini Group and chairman & CEO of Zodiak will continue to serve as chairman of the new enlarged group. The combined new group has annual sales exceeding €500 million. Headquartered in Paris, Zodiak was originally created by De Agostini through the acquisition of the Magnolia Group in Italy/Spain (2007), the Marathon Group in France (2007) and Zodiak Television in territories including Scandinavia, Benelux, Poland, Russia, India and Latin America (2008). RDF was founded by David Frank in 1993, floated on the London Stock Market (AIM) in 2005 and was subsequently acquired in 2009 by a consortium of the RDF management team and funds managed by Cyrte Investments BV. As a result of this deal, Zodiak is about 71 percent owned by De Agostini with the remaining 29 percent of Zodiak capital owned by Zodiak Managers (including RDF managers) and funds managed by Cyrte Investments BV.
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