Sky has acquired a 60% stake in US production firm Jupiter Entertainment as the British DTH operator continues to look to acquisitions to expand its international content business.
Financial details were not disclosed.
Jupiter was founded in 1996 and…
Sky has acquired a 60% stake in US production firm Jupiter Entertainment as the British DTH operator continues to look to acquisitions to expand its international content business.
Financial details were not disclosed.
Jupiter was founded in 1996 and specialises in non-scripted programmes. It recently struck a strategic partnership with Random House, enabling it to be the first to look at adapting the publisher’s assets as non-fiction TV and digital properties.
Sky Vision, the satellite broadcaster’s international distribution unit, will become Jupiter’s distribution partner under the deal. It said Jupiter will continue to operate as a distinct company under the new ownership structure, and will keep its existing agreements with other broadcasters.
Jupiter CEO and executive producer Stephen Land said: “Combining Jupiter’s strong domestic growth with Sky’s global reach creates thrilling possibilities. We have ambitious growth plans and believe our employees and network partners will all benefit from this exciting combination.”
The move follows similar deals that Sky struck last year for independent production companies Love Productions and Znak & Jones, based in the UK and US, respectively.
Last November, Sky consolidated its European operations in the UK, Germany and Italy to create a pan-European pay-TV giant with about 20 million customers.
