Inflight entertainment company Global Eagle Entertainment Inc. has completed its purchase of digital media production company Post Modern Group for roughly $24 million in a combination of cash and stock.
The deal, announced in May, will add to Global Eagle's relationships with airlines and gives it an entry into the cruise line industry and other markets. With the acquisition, Global Eagle said it will become the world's biggest provider of television shows and movies to airlines.
Global Eagle was founded in 2011 by former MGM CEO and chairman Harry Sloan and former CBS Entertainment president Jeff Sagansky (pictured left).