Sony Pictures Television Networks (SPT) has reached an agreement with Liberty Global to acquire the Film1 group in the Netherlands. Under the deal, SPT will fully own and operate the five premium pay-TV channels under the Film1 umbrella along with its Film1 Go service, pending regulatory approval.

The five Film1 channels include Film1 Premiere, Film1 Action, Film1 Comedy & Kids, Film1 Spotlight and Film1 Sundance, as well as the Film1 Go OTT service.

All five Film1 channels will continue to be carried on Liberty Global’s Ziggo and UPC cable tv platforms in the Netherlands.

“The acquisition of Film1 marks a key move  into the Dutch market and underlines our continued commitment to grow our highly successful and diverse suite of channels across Europe,” said Kate Marsh, SPT’s executive vice president, Networks, Western Europe. “Film1 complements and expands our successful Networks portfolio and we are looking forward to working with all our partners to continue to build on the success of the Film1 proposition.”

“When approaching the sale of Film1 as part of the group’s acquisition of Ziggo, we wanted to ensure the new owner would be focused on building on a strong portfolio of channels” said Niall Curran, president of Liberty Global’s media investments group. “We are pleased that Film1 will be in good hands under Sony’s ownership”.

Other posts by :

1. Rakuten makes historic satellite video call
2. Rocket Lab confirms D2C ambitions
3. Turkey establishes satellite production ecosystem
4. Italy joins Germany in IRIS2 alternate thoughts
5. Kazakhstan to create museum at Yuri Gagarin launch site
6. AST SpaceMobile gets $42 or $1500 price target
7. Analyst: GEO bloodbath taking place
8. SES AGM results: Appaloosa still objecting
9. SpaceX’s Shotwell worth $1.2bn

Categories: Articles, Business, M&A, Pay TV