AMC/Sundance Channel acquires KinoweltTV

AMC/Sundance Channel Global, a division of AMC Networks, has reached an agreement to acquire KinoweltTV, a pay-TV channel distributed throughout Germany, Austria and Switzerland.  The 24/7 linear network airs an array of classic and contemporary films.

The acquisition expands AMC/Sundance Channel Global’s European presence with full distribution across all platforms in German speaking Europe.  The transaction is subject to the satisfaction of certain closing conditions, including regulatory approval.

Bruce Tuchman, President of AMC/Sundance Channel Global and MGM Channel Global, commented, “The acquisition of KinoweltTV is an important moment for AMC/Sundance Channel Global as it increases its international footprint and provides widespread distribution across all major platforms throughout German speaking Europe. KinoweltTV’s high quality critically acclaimed films complement Sundance Channel’s distinctive programming and we expect this acquisition will fit perfectly into our portfolio.”

Posted by on Apr 24 2014. Filed under Articles, Business, M&A.

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