FremantleMedia, Sony BMG sign 50:50 JV

MUMBAI: Fremantle International Distribution (FID) has signed a joint venture agreement with Bertelsmann’s music publishing business, Sony BMG to maximise opportunities in the expanding popular culture and music event programming market.

Currently, the global music DVD business is estimated to be worth $3.5 billion and is growing at a rate of 10 per cent annually. In the UK, 200 million DVD units were sold in 2004 alone, of which 15 per cent was music-related, valuing the music DVD business at ?60.7 million.

The 50:50 joint venture will see FID, which has distribution operations in London, Berlin, Madrid, Singapore, Sydney, New York and Miami and Sony BMG, which has established relationships with major music artists and on-the-ground DVD operations in over 50 markets, unite their global sales operations in TV programme and DVD distribution. The new venture will provide a unique one-stop-shop for major music artists and other popular culture properties with international appeal.

Under the agreement, the pair will jointly exploit Sony BMG's back catalogue of TV properties as well as invest in music event programming that has the potential to be exploited on television and DVD internationally. The aim is to create and distribute four to six new TV/DVD properties per year and to co-ordinate the international exploitation across all media to fully maximise the potential of each event.

Commenting on the deal, Fremantle International Distribution managing director David Ellender said, "Demand for event pop culture and music programming internationally is strong and we have proven strength in related genres through American Idol, Project Runway, and existing Sony BMG music titles such as Britney Spears: In the Zone, Maroon 5, One Night with Rod Stewart and other music specials. The joint venture will enable us to create with Sony BMG even bigger scale product in these genres and allow Fremantle International Distribution to share in the global DVD market, which will benefit from the TV exposure we can deliver."

Sony BMG UK Visual Media's Solomon Nwabueze added, "No one has yet combined international DVD and TV exploitation in one entity. Artists and creative talent have to enter multiple deals with no co-ordination between TV and record companies. The music television distribution business is more akin to a 'cottage industry' dominated by numerous specialist companies allied to establish record companies or independents with DVD sales focus, not TV. We see this as a logical next step that will be mutually beneficial for both parties and artists."


Latest Reads
US$ 4.5 bn expected from IPL rights; SC recommends accounts scrutiny

The Supreme Court on Friday froze all financial transactions between the BCCI and state cricket associations by directing the apex body not to disburse any funds till it resolves to abide by the Justice RM Lodha panel recommendations on reforms by 3 December . The top court ordered that none of...

Television TV Channels Sports
TVS Tyres is co-presenter for Asian Champions Trophy 2016

Continuing its strong connect with sports, TVS Tyres has associated with Asian Champions Trophy 2016 by becoming the co-presenter. The Asian Champions Trophy is one of the premier hockey tournaments, a much sought after annual international competition promising some great hockey action. This...

Television TV Channels Sports
Q2-17: Zee Learn declares maiden interim dividend

The board of directors of the Essel group’s education company Zee Learn Limited (ZLL) have declared a first time ever dividend of 5 percent per equity share of Re 1 each for the quarter ended 30 September 2016 (Q2-17, current quarter).

Television TV Channels Factual & Documentary
Whether BARC action can stop unethical practices?

Whether businesses and industries practice their art of selling fairly although they have 'Fair Practices' training during the academic courses, workshops and several ISO and other certifications? There seems to be the fear of the lawman, and not the law in India.

Television TV Channels Viewership
TV Superhighway: beIN, Yaddo, AfricaXP have joined us, says Magine CEO Ambuj Goyal

CANNES; Magine has secured partnerships with four of the industry’s most exciting sports, documentary and entertainment content providers. Partnerships with beIN, the international media group and owner of MIRAMAX; Yaddo, the new documentary streaming service headed up by former head of The BBC’s...

Television TV Channels Factual & Documentary
Colors emerges strong on strength of Naagin I & II

MUMBAI: One of the top rated shows Naagin Season 2 helped Colors reach a top-ranking position.

Television TV Channels GECs
Pakistan Broadcasters Association to oppose PEMRA Indian content ban

MUMBAI: The Pakistan Electronic Media Regulatory Authority (PEMRA) shocked both Pakistan and Indian broadcasters when it issued an order blanking out  all Indian content from Pakistan’s television channels on 19 October.

Television TV Channels GECs
Sony Pix to telecast 'Jurassic World' on 22 October

Sony Pix will take the viewers on a thrilling, adventurous journey with cloned dinosaurs in their Billion Dollar Premiere property. The channel plans to air Jurassic World on 22 October at 1 pm and 9 pm.

Television TV Channels English Entertainment
Sony AXN scripts deal with Pinewood; buys stake in SVOD service Hopster

Folks at Sony Pictures Television (SPT) are in a celebratory mood. Not only has it signed a six-series deal with Pinewood Television but has also acquired a minority stake in the London-based video subscription service for kids content - Hopster.

Television TV Channels English Entertainment

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories