Television

Warner Bros TV signs acquisition of Eyeworks? operations in 15 countries, except US

http://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2014/02/12/wb.jpg?itok=q1nsgIm7

MUMBAI: Warner Bros Television Group has entered into an agreement to acquire independent television production company Eyeworks Group?s businesses in 15 countries across Europe, South America, Australia and New Zealand for $273 million.

The acquisition, which does not include Eyeworks? operations in the US, will add 13 new territories to Warner Bros Television?s network of production companies, according to a statement from Warner Bros Television.

Once completed, this acquisition will further strengthen Warner Bros' international television production capabilities and also see Warner Bros take over all of Eyeworks' international distribution activities.

Warner Bros Television is expected to complete the acquisition of Eyeworks later in 2014, subject to regulatory approvals.

The announcement was made by Warner Bros. Worldwide Television Distribution President Jeffrey Schlesinger, Warner Bros Television Group President, Business and Strategy Craig Hunegs, Warner Bros Television Group President and Chief Content Officer Peter Roth and Eyeworks Group Founder and current Chief Executive Officer Reinout Oerlemans.

Founded in The Netherlands by Oerlemans in 2001, Eyeworks is a major international independent producer and distributor of scripted and non-scripted content across a range of genres, including entertainment, drama and film, which airs in more than 150 countries worldwide.

The acquisition of Eyeworks will mark a milestone for Warner Bros International Television Production, led by Warner Bros International Television Production  Head and Executive Vice President Ronald Goes, which was originally formed in 2009 to establish operating production companies.

Warner Bros Entertainment Chief Executive Officer Kevin Tsujihara said: ?Our proposed acquisition of Eyeworks' 15 local production companies, represents a significant next step in our strategy, further strengthening Warner Bros' position in global television."  

Hunegs, Schlesinger and Roth added: "This is an important move for the Warner Bros Television Group, as we establish local production companies around the world, each with a mandate to develop original local programming and adapt the output from the studio. We see Eyeworks as a strong complement to our existing US and international production capabilities."

This follows the acquisition in 2010 of Shed Media, a leading production company in the UK, and in 2011, BlazHoffski in The Netherlands and Belgium.

In connection with the transaction, Reinout Oerlemans would move to Los Angeles for his new role in the industry, as Chairman of Eyeworks USA, leading the further expansion of that company in the US. Reinout will step down as CEO of the Eyeworks Group once the acquisition is completed.

Oerlemans said: "For Eyeworks, this is a defining step towards our ongoing objective to be a major player in content production around the globe. I realise this is the end of an era, because I will no longer be the CEO of the Group, after an amazing period of 12.5 years.?

Latest Reads

http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/08/16/shemaroo.jpg?itok=CsLkkQ6d
Shemaroo Entertainment Ties-up with TikTok and Vigo Video

Shemaroo Entertainment Limited, a leading content powerhouse has tied-up with Vigo Video and TikTok.

Television Production House Film Production
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/08/16/nisha.jpg?itok=GMAsbKYE
How Travelxp plans to conquer the travel space

Travelxp wants to travel far and wide. The Mumbai-based lifestyle channel, that has already seen a steady revenue growth for the last few years, now intends to grow by 30-40 per cent in the coming year.

Television Production House Documentary
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/08/15/Sony_Marathi.jpg?itok=gd2Uqx84
Sony Marathi aims to fill need gap in the market

Sony is taking the plunge into the Marathi general entertainment market to compete with Zee Marathi, Zee Yuva, Colors Marathi and Star Pravah.

Television TV Channels Regional
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/08/14/ndtv.jpg?itok=G6JI38LH
NDTV India reverts to pay channel from FTA

NDTV has decided to convert its free to air (FTA) channel NDTV India as a pay channel with effect from 15 September. On 8 April 2016, NDTV India, the Hindi news channel, started its FTA journey. Prior to that, the channel was a paid service priced at Rs 3.37 on direct-to-home (DTH) and addressable...

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/08/14/tyson.jpg?itok=zxfKx9sB
Mohamedali pulls no punches, ropes in Mike Tyson to launch the global Kumite 1 League

Kumite 1 League, the first global team Mixed Martial Arts league, is all set to host boxing legend Mike Tyson.

Television TV Channels Sports
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/08/14/news.jpg?itok=pYr3369_
Times NOW & Mirror Now announce a special line-up to celebrate the 72nd Independence Day

As India gears up to celebrate its 72nd Independence Day, India’s leading English news channels, Times Now & Mirror Now, announce their special programming line-up to celebrate the spirit of freedom.

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/08/14/fernandes.jpg?itok=ZWXeOW8Z
Changes in Senior Management & Board of Directors of lnduslnd Media & Communications limited, a subsidiary of the Company

The Board of Directors of HVL on August 13, 2018 have noted  that  Board of Directors of lnduslnd Media & Communications Limited ("IMCL"), a subsidiary of HVL has:

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/08/14/neeraj.jpg?itok=ZvLk4ckd
Sab's Aladdin to be relevant to the new generation

Sony Sab is all set to transport viewers to an age-old story with a modern twist. After giving three new launches this month, it is close to launching the fourth one Aladdin: Naam Toh Suna Hoga, produced by Peninsula Pictures, which will be aired on 21 August, Monday to Friday at 9 pm. Its recent...

Television TV Channels GECs
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/08/14/asia-cup.jpg?itok=L-YXgemt
Star Sports to telecast Asia Cup in Hindi, English, Tamil

The Unimoni Asia Cup 2018 is all set to commence from 15 September and will see Asian neighbours – India, Pakistan, Bangladesh, Sri Lanka and Afghanistan - fight for the trophy. Star Sports, the official broadcaster, has released its first film for the tournament which speaks of the unique aspect...

Television TV Channels Sports

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories