Narrative Capital Acquires Sony Pictures Television's Complete United Kingdom Channels Portfolio - Media, Telecoms, IT, Entertainment mondaq.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mondaq.com Daily Mail and Mail on Sunday newspapers.
In a move involving what are said to be the largest free-to-air commercial channel portfolios in the country for films and kids’ content, US media investment fi.
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Narrative Capital Acquires SPT U.K. Channels
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Sony Pictures Television has sold its U.K. portfolio of movies and kids’ channels to U.S. media investment firm Narrative Capital.
The deal covers seven channels Sony Movies, Sony Movies Action, Sony Movies Classic, Sony Channel, POP, Tiny POP and POP Max as well as their digital assets. Narrative Entertainment will retain a team of 35 employees in the U.K. to operate the channels.
“Narrative’s range of activity all along the life cycle of content makes this a terrific match,” said Narrative CEO Daniel Levin. “Sony Pictures Television’s U.K. free-to-air broadcasting business has long stood out to us as a hub for creator, brand and technology interaction, which is something we look for. What an exciting opportunity to rebrand with a dynamic, confident voice that welcomes new viewers to celebrate the ease, spontaneity and connection of broadcast television. We’re thrilled to welcome these channels a
Narrative acquires Sony’s UK channels
US-based media investment firm Narrative Capital has acquired Sony Pictures Television’s portfolio of free-to-air channels in the UK, including Sony Movies and kids’ brand POP.
Daniel Levin
Seven channels have been acquired – Sony Movies, Sony Movies Action, Sony Movies Classic, Sony Channel, POP, Tiny POP and POP Max – along with digital assets such as the POP AVoD service.
Financial terms of the deal were not disclosed but Narrative says 35 channel employees in the UK will remain in London under the new Narrative Entertainment banner.
Narrative says the movies and kids portfolios it is acquiring collectively offer more than 6,400 hours of content available on Freeview, Sky, Virgin Media and Freesat.