Kew buys Cardinal prodco in scripted push

Toronto-listed Kew Media Group has acquired Sierra Films, the Canadian producer behind dramas Cardinal and Ransom. The deal continues Kew’s buying spree, which has seen it buy a majority stake in TCB Media Rights and a minority shareholding in Jeff Norton’s Awesome Media & Entertainment since the business began trading as Kew in September. The […]

Red Arrow buys film firm in TV investment push

Red Arrow Entertainment Group has bought a majority stake in US-based film distribution company Gravitas Ventures. The two companies plan to make “significant investments into global film and TV projects via acquisitions, coproductions and co-financings”, they said in a statement. Red Arrow’s current sales arm, Red Arrow International, will remain as a standalone, independent business, […]

Rakuten TV mulls wider European expansion

Video-on-demand service Rakuten TV is mulling plans to expand its footprint across more European countries. Speaking exclusively to TBI’s sister title Digital TV Europe, Rakuten TV CEO Jacinto Roca (pictured) said “we have the intention to launch but we don’t have concrete plans yet”. Roca said that heading into next year, the firm might consider […]

Sky threatens to cut Sky News ties to ease Fox deal

Sky has threatened to review its ownership of Sky News if were to impede Fox’s planned £18.5 billion (€20.5 billion) takeover of the pay TV provider. In a statement made to the Competition and Markets Authority (CMA) last month, but published yesterday, Sky said that the CMA should not “simply assume” its continued provision of […]

Analysis: why would Fox sell to Disney?

Yesterday, it emerged 21st Century Fox had held talks to sell much of its business to The Walt Disney Company. The questions are why, and why now. According to CNBC, the negotiations took place over the past few weeks, but have stopped for the time being. They could resume at any point, as the discussions […]

Vice opens Asia Pac HQ with Simon as CEO

Youth-focused Vice Media has is opening as Asia Pacific headquarters in Singapore, with global general manager Hosi Simon leading the operation. Vice Asia Pacific will comprise the Singapore HQ, plus offices in Beijing, Shanghai, Melbourne, Sydney, Auckland and Jakarta. Additionally new offices are opening in Mumbai and Delhi. Simon (pictured) has been named CEO of […]

Ugly Betty star launches prodco

Ugly Betty star America Ferrera (pictured) has launched a yet-to-be-named production company with executive producer Teri Weinberg. The duo have signed a first look deal with Universal TV and set up a legal drama under the new pact. The drama is written by former Revenge showrunner Sunil Nayar. It centres around Amrita Kaur, a Sikh […]

Ex-BBCWW chief to explore investments for Edge

Former BBC Worldwide CEO John Smith will explore investment opportunities for UK-based firm Edge. Smith (pictured) will work with Edge Investments chief executive David Glick and his team of managers to unearth and jointly back creative companies. Smith exited the BBC’s commercial arm in October 2012 as Tim Davie stepped up the replace him. He […]

COBA: Brexit ‘threatens UK’s int’l position’

The UK leaving the European Union without a trade deal would “jeopardise” the territory’s position as “Europe’s leading international broadcasting hub”, according an influential trade body. “International broadcasters based here would, reluctantly, be forced to restructure their European operations,” said Adam Minns, executive director of the Commercial Broadcasters Association (COBA), in an interview with the […]

Mediapro sells majority stake to Chinese investor

Spanish free and pay TV broadcaster and producer Mediapro has closed the sale of 54% of its capital to Chinese investment fund Orient Hontai Capital. According to Spanish reports, the Chinese investment group is acquiring a majority stake in the Catalan outfit for €800 million (US$931 million), giving the company an overall value of over […]

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