D Street Media Group is moving into South America with the acquisition of Buenos Aires-based film production and sales company Americine SRL.
Javier Krause has been appointed CEO for an interim period until a permanent CEO is found. He spent a decade working at the INCAA (Instituto Nacional de Cine y Artes Audiovisuales).
“The acquisition of Americine marks D Street’s expansion into the South American market, which we feel is a tremendous opportunity for a company that values diversity in the growing international film business,” said Dexter Davis, D Street’s founder and CEO. “The plan is to revise Americine’s current business model of handling Latin films and expand that to films from around the world.
“We also plan to focus our efforts on the production company. The idea would be to participate in more co-productions in the region and Europe where we would handle our own sales and distribute product in North America through D Street Releasing, the distribution arm of the group that specializes in foreign films in the United States.”
Krause said: “This is a great opportunity to leverage D Street’s content, relationships and vision for a different kind of company. The transformation of the late Alvaro Martinez Toledo’s company is one I will take with great humility and care in order to further his vision. New strategic partnerships, new business models, revamping the amazing library of over 450 films and creating new revenue streams will be our goal.”
D Street is based in New York with offices in Los Angeles and Berlin. Its projects include The Reception, Rivers Wash Over Me, The Blue Mauritius and Perla.