German company ProSieben invests in U.S. software company, AIS
German media group, ProSieben Media AG has bought a 20 percent stake in Los Angeles, California-based Aréte Image Software (AIS). The strategic alliance marks the first time the Munich-based company has invested in the American market. AIS, established in 1996, specializes in creating software--such as RenderWorld and Digital NatureTools--that enables animators to integrate water and atmospheric effects. The deal gives ProSieben exclusive rights to use AIS' technology and market it in Europe. Dr.