Germany’s ProSiebenSat.1 Group is bolstering its digital and production business with the acquisition of a 20% stake in Collective Digital Studio. The U.S.-based multichannel network produces, distributes, and markets video content via digital platforms. ProSieben, which made …
Global Showbiz Briefs: ‘Broadchurch’ Set For US; Locarno To Fete Douglas Trumbull; Sky Sports Offers Free Football; More
ITV’s UK Hit ‘Broadchurch’ Coming To BBC America In August
ITV’s hit contemporary drama Broadchurch is set to debut on BBC America at 10 PM August 7. The series, starring David Tennant and Olivia Colman, was created and written by Chris Chibnall. It’s set in a quiet seaside town following the shocking murder of a young boy and focuses on the impact the crime has on the community when everyone becomes a suspect. The most tweeted-about UK drama ever, the show had Britain rapt over its eight-episode run and set off a “Who shot J.R.?”-type frenzy as it progressed. Broadchurch is a Kudos and Imaginary Friends co-production that’s distributed by Shine International. ITV ordered a second season back in April.
Douglas Trumbull Receive Locarno Film Festival Honor
Director and special effects veteran Douglas Trumbull will receive the Locarno Film Festival’s first Vision Award — Electronic Studio. The new prize is designed to highlight and pay tribute to a professional whose creative work behind the scenes, as well as in their own right, has contributed to opening up new perspectives in film. The 66th edition of Locarno will screen films Trumbull worked on including Stanley Kubrick’s 2001: A Space Odyssey and Steven Spielberg’s Close Encounters Of The Third Kind, Ridley Scott’s Blade Runner and Terrence Malick’s The Tree of Life as well as his own Silent Running. Trumbull will also offer two masterclasses. The Locarno fest runs August 7-17.
Private equity firms Permira and KKR are said to be working with JPMorgan Chase on options for their 53% stake in German broadcaster ProSiebenSat.1 Media. The firms could sell to another company or on the open market, …
Discovery To Acquire ProSieben’s SBS Nordic Ops For $1.7B, Adds $1B To Stock Buyback Scheme, Outlines TF1 Alliance
Discovery Communications is widely expanding its footprint in Europe with the purchase of 12 TV networks and 19 radio stations in the Nordic countries. The company is also working on a strategic alliance with France’s TF1, as Deadline reported yesterday. The combined deals mark a roughly $2B investment by Discovery to increase its international reach. The deal for the SBS Nordic operations with Germany’s ProSiebenSat.1 brings general entertainment, scripted and sports programming to Discovery’s suite of services for the first time. Via the TF1 deal, Discovery would take an initial 20% stake in pan-European sports network Eurosport as well as buying into some of TF1′s branded channels. Below are two press releases, the first outlining the SBS Nordic deal and the second on the TF1 alliance:
(Silver Spring, Md.) – Discovery Communications today announced a definitive agreement with ProSiebenSat.1 Group to purchase the company’s SBS Nordic operations for a total enterprise value of approximately $1.7 billion (€1.325 billion). The acquisition of SBS Nordic includes 12 television networks in Norway, Sweden, Denmark and Finland, among other assets, and further solidifies Discovery’s long-term growth in the strong Nordic TV markets. The deal also expands Discovery’s brand portfolio by adding general entertainment, scripted and sports programming to the company’s suite of services for the first time. The transaction is subject to regulatory review and is expected to close in early 2013. Additionally, Discovery also announced that its Board of Directors has approved a $1.0 billion increase to its existing stock repurchase program.
“SBS Nordic has a fully distributed portfolio of dual revenue stream networks with a terrific management team that will expand Discovery’s footprint across the Nordic region, which includes some of the most well-penetrated and stable TV markets in the world,” said David Zaslav, president and CEO of Discovery Communications. “Individually, and taken together, the acquisition of SBS Nordic, our pending strategic partnership with TF1 through the acquisition of a minority stake in Eurosport, and the increase in our share repurchase program are all complementary to our long-term growth strategy of delivering sustained operating results, creating strong organic growth through investment in content, brands and talent, and returning capital to shareholders.”