SP Media Group completed the acquisition of Avenue Six Studios.

SP Media Group, a production and entertainment company, completed the acquisition of Avenue Six Studios, a production facility in Van Nuys, California. Financial terms were not disclosed. "Avenue Six is a versatile production studio perfectly suited to accommodate an array of creative visions. The studios will be used primarily for film and television production, while its smaller sound stages will be used for branded content, music videos, photography, social media campaigns, podcasts, workshops, and industry events," Scott Karol, SP Media Group President.