AMC Networks completed its $1B acquisition of Liberty Global’s Chellomedia in February. Today, it has announced a re-brand of the group to AMC Networks International. AMC Networks International will also encompass AMC/Sundance Channel Global, which operates in Europe, Latin America, the Mid-East and Asia. “Re-naming Chellomedia is a natural next step as we continue to integrate this portfolio of channels and transition AMC Networks into a global media company,” said AMC Networks COO Ed Carroll. AMCNI consists of six operating units: Asia-Pacific, Central Europe, Iberia, Latin America, Zone (EMEA) and DMC. The latter is a European-based global media technology and distribution company. AMCNI delivers programming to subscribers in more than 140 countries and includes such global brands as Sundance Channel and MGM Channel, as well as local channels across various genres.
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Netflix Bringing ‘Fargo’ To The Netherlands
Netflix has scored rights to new series Fargo for the Netherlands. The 10-episode limited series is inspired by the Coen brothers’ 1996 feature and will be available exclusively to Netflix members beginning April 16. New episodes will roll out weekly on Netflix Netherlands within 24 hours of the U.S. broadcast on FX. Fargo is produced by MGM Television and FX Productions with MGM handling worldwide distribution. Billy Bob Thornton stars as a rootless, manipulative man who meets and forever changes the life of a small-town insurance salesman (Martin Freeman). Colin Hanks, Allison Tolman, Bob Odenkirk, Oliver Platt, Kate Walsh, Glenn Howerton, Joey King, Peter Breitmayer, Tom Musgrave, Josh Close, Russell Harvard, Adam Goldberg, Keegan-Michael Key and Jordan Peele round out the cast.
AMC Networks significantly expands its footprint with the acquisition of Chellomedia, the international content division of John Malone’s Liberty Global. In May, Liberty put the business up for sale, expecting a deal valued at between $800M and $1B, The Wall Street Journal reported at the time. AMC, which has actively been increasing its global presence via international programming business, AMC/Sundance Channel Global, will pay $1.035B for Chellomedia. (Scripps Networks Interactive, Turner Broadcasting and Discovery Communications had previously been mentioned as suitors.) Chellomedia produces and distributes TV channels across such territories as the UK, Benelux, Central Europe, Spain and Latin America and reaches about 390 million households. Included in the deal are Chello-branded channels airing genres ranging from movies to entertainment, sports, children’s, lifestyle and documentary programming. Chellomedia’s stakes in joint ventures with A+E Networks, CBS International and other partners also fall under the acquisition, although Liberty will hold onto its Dutch premium channel business. This deal will provide AMC, home to Mad Men and The Walking Dead, with further outlets for programming from AMC, IFC, Sundance Channel and WE tv. Here’s the official release:
NEW YORK, NY, October 28, 2013 – AMC Networks Inc. (Nasdaq: AMCX) announced today it has reached a definitive agreement to acquire substantially all of Chellomedia, the international content division of Liberty Global (Nasdaq: LBTYA) for €750 million (approximately $1.035 billion USD). The transaction is expected to close in the first quarter of 2014.