FremantleMedia takes 60% in @Radical.Media

MUMBAI: Television format creator and distributor FremantleMedia has taken a 60 per cent share in, a global transmedia business that creates advertising and branded entertainment content.

The deal represents FremantleMedia?s first large scale move into the branded entertainment market, allowing the company to further diversify its revenue sources and to develop new business models. chairman and CEO Jon Kamen will continue in his role and the partnership will not impact any of the firm?s existing management team and relationships.

FremantleMedia CEO Tony Cohen announced the deal during the company?s press breakfast at the television trade eevnt Mipcom in Cannes, France.

?This major investment increases our expertise and capability as a multi-platform branded entertainment business. reputation and relationships with the world?s leading advertising agencies, their clients and broadcast partners, combined with their strong creative profile and in-house talents, allows both organisations to develop more on- and off-screen content for broadcasters and brands," said Cohen. 
This investment is an extension of an ongoing and successful relationship which began between and FremantleMedia?s brand extension arm, FremantleMedia Enterprises (FME). The division has been working with since 2008 on several highly successful projects such as the TV series Iconoclasts on the Sundance Channel, Britney: For the Record and the table tennis tournament Hardbat Classic on ESPN., which has offices in New York, Los Angeles, Berlin, Sydney and Shanghai, will now continue bringing its expertise to FremantleMedia?s global network of production, distribution and licensing companies.
Kamen said, ?As a new member of the FremantleMedia family, will have access to new customers, new territories in key international distribution outlets and even more innovative brand extension opportunities for our existing clients.?

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