Sony Pictures to acquire a majority stake in Industrial Media from BlackRock and Crestview Partners for $350m.

Sony Pictures, a media company, agreed to acquire a majority stake in Industrial Media, an independent production group, from private equity firms BlackRock and Crestview Partners, for $350m. “At SPT our focus is on leadership and quality in growing areas of television, and nonfiction content makes up a significant share of TV viewing. Acquiring Industrial Media gives us scale and expertise that nicely complements our current TV production businesses. Eli, Aaron and their talented group of producers have consistently succeeded with high-quality series and documentaries. We can’t wait to get to work with them," Ravi Ahuja, SPT Chairman.