Seven Arts Buys 7.5% of Film Production Company Picture Pro

Independent media distributor Seven Arts Entertainment bought a 7.5% stake in Picture Pro, Los Angeles-based production company, said the buyer Thursday. Terms weren’t disclosed. Picture Pro's main focus is on raising capital for feature films through third-party financing and executive producers, it said. Accessing that funding through Picture Pro “will enable Seven Arts to produce larger features and be much more competitive in the film industry,” it said.