Announced
Financials
Tags
United States
Pending
Entertainment
Majority
Private Equity
Private
Domestic
Single Bidder
Acquisition
entertainment company
Friendly
Synopsis
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.
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