Fifty Percent of Camera Maker ARRI Sold
Stake will go to the grandchildren of co-founder Robert Richter.
Robert Arnold—the son of ARRI’s co-founder, August Arnold—is selling his 50 percent share in the Munich-headquartered camera maker to the grandchildren of co-founder Robert Richter, ARRI announced on Tuesday.
Both families have shared responsibility for the company since it was founded 95 years ago. With the deal, the sole responsibility of ARRI will go to the Richter/Stahl family.
The family "has expressed its intention to continue pursuing the media business of ARRI in the Bavarian film and media industry as well as internationally," the company said in Tuesday's announcement.
ARRI is the maker of the popular Alexa digital cinematography camera, which has been used on such films as The Avengers and upcoming Skyfall. It manufacturers additional motion picture production, postproduction and lighting technologies, operates a rental business, and offers production and post services. ARRI maintains offices around the world, including in Australia, Canada, the U.S., Italy, the UK, Hong Kong and China.