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Rsub Company

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April 20, 2000 | JAMES BATES
RSub, an affiliate of Web site designer Razorfish and its founders, said it is buying a majority interest in the production company of R.E.M. lead singer and film producer Michael Stipe. The agreement, believed to be valued at around $5 million, will provide Stipe's Self Timer with a film development fund. Stipe in turn is expected to create Internet content for RSub's site. Self Timer is the parent company for two Stipe companies, Single Cell Pictures and C-Hundred Film Corp.
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BUSINESS
April 20, 2000 | JAMES BATES
RSub, an affiliate of Web site designer Razorfish and its founders, said it is buying a majority interest in the production company of R.E.M. lead singer and film producer Michael Stipe. The agreement, believed to be valued at around $5 million, will provide Stipe's Self Timer with a film development fund. Stipe in turn is expected to create Internet content for RSub's site. Self Timer is the parent company for two Stipe companies, Single Cell Pictures and C-Hundred Film Corp.
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