Sony Pictures Entertainment completed the acquisition of a 42% stake in Game Show Network from AT&T for $500m.

Sony Pictures Entertainment, a video producer, completed the acquisition of a 42% stake in Game Show Network, a provider of entertainment programming services, from AT&T, for $500m. “We’re excited to bring Game Show Network fully into the Sony Pictures Entertainment portfolio. The acquisition allows us to work more closely with the company’s talented team to deliver the best iconic game shows, develop and syndicate new game show IP for audiences across the nation, as well as to advance the fast-growing GSN Games business, all of which directly aligns with our strategy of developing targeted direct-to-consumer offerings," Mike Hopkins, Sony Pictures Chairman.