Turner acquires Scandi channels

Turner has acquired Scandinavian channel operator Millennium Media Group, a deal that will see it expand its entertainment presence in the region.

The Time Warner subsidiary Turner Broadcasting Europe has acquired 100% of the company, which owns five channels including entertainment channels Star! and TV7 and movie channels Showtime, Silver and Silver HD.

Turner will also acquire NonStop Entertainment, the company’s international programme sales arm, which distributes a raft of movies in the region as well as holds the Scandinavian rights to Shane Meadows’ forthcoming Channel 4 series This Is England ’86.

The two companies will merge their respective channel portfolios, which will see Turner adding CNN International, Cartoon Network, Turner Classic Movies and Boomerang, and it will be run by Millennium Media Group founders CG Anderson and Ignas Scheynius.

The deal is currently subject to regulatory approval in Sweden and Norway. 

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