Reported 9 months ago
Montreal-based TV producer Sphere Media is set to purchase UK-based Abacus Media Rights for $18 million from Amcomri Entertainment. The deal, expected to close in August, will lead to the rebranding of the British company as Sphere Abacus Media Rights. The acquisition, made in partnership with Canadian TV giant Bell Media, will allow Sphere Media to expand its premium TV distribution, with Abacus's sales and acquisitions teams continuing operations in the UK. This move comes as Sphere Media focuses on strengthening its distribution arm and increasing collaborations to enhance its content offerings in the global market.
Source: YAHOO