Nolan Gallagher’s time operating Gravitas Ventures will quickly come to an finish.
After 17 years, the founder and CEO will depart the distribution firm as of March 31, after which period he’ll give attention to an upstart Main League Soccer Subsequent Professional males’s skilled soccer staff in Cleveland. The staff is scheduled to start league play in 2025. Per at the moment’s information, Gravitas proprietor Anthem Sports activities & Leisure — a multinational media firm based by Leonard Asper — is anticipated to announce new management within the coming months.
He gained’t be relocating to Cleveland as he’s already there. In 2019, Gallagher and Gravitas co-owners Michael Murphy and Brendan Gallagher moved the corporate to the Ohio metropolis in a bid to “additional financial momentum for media and leisure of their hometown,” per the corporate. The soccer staff is the newest push to proceed these efforts.
In a press release about his exit, Gallagher defined that the “time is true” to give attention to his subsequent chapter, one that features this males’s staff in addition to (“hopefully quickly”) knowledgeable girls’s soccer staff.
“I, and by extension Gravitas, have been so lucky to have collaborated with so many proficient administrators, producers, actors and media govt over the past 17 years. To have had a entrance row seat and energetic hand within the delivery, progress and maturation of how audiences get pleasure from compelling tales on video on demand has been personally and professionally rewarding,” Gallagher stated. “I’m grateful to the complete Gravitas staff previous and particularly current and need them and Len Asper and Anthem Sports activities and Leisure continued success within the years to return.”
Asper, in return, thanked Gallagher for his management as he units off on “his subsequent entrepreneurial journey” in his hometown of Cleveland. “Within the final 12 months, Nolan has labored intently with the Anthem govt staff to rent and promote from throughout the subsequent chapter of Gravitas’ management and to assist guarantee Gravitas’s filmmakers, producers and stakeholders proceed to obtain world class service. We’re working with Nolan and have retained an advisor to establish a successor to guide the superb senior staff at Gravitas and anticipate to decide throughout the coming months.”
Below Nolan’s management, Gravitas constructed up a theatrical and Video on Demand distribution enterprise with a catalog that now numbers upwards of three,000 movies. Current releases embrace the extensive theatrical play for the Diane Keaton-starrer Mack & Rita, which got here out Aug. 12 underneath the newly-launched Gravitas Premiere label, in addition to The King’s Daughter directed by Sean McNamara, Queen Bees from director Michael Lembeck, and Our Buddy from helmer by Gabriela Cowperthwaite and starring Casey Affleck, Dakota Johnson and Jason Segel.