London- NBC Universal (NBCU) will acquire Sparrowhawk Holdings and its global portfolio of pay TV channels including the international (non-US) Hallmark Channels, from Providence Equity Partners, 3i and management shareholders. Terms of the transaction were not disclosed The deal looks set to bring NBCU Global Networks’ offerings to more than 30 channels in total, with ongoing plans to expand to more than 50 channels over the next 2-3 years. Sparrowhawk Holding’s 18 feeds of the international Hallmark Channels which air across 152 territories to more than 60 million subscribers in the UK, Europe, the Middle East, Africa, Australia, Latin America and Asia add to NBCU’s portfolio which includes the Sci-Fi, 13th Street, Studio Universal and Universal Channel brands. The company will also take ownership of Movies 24; Diva TV, a new general entertainment and lifestyle channel targeted at women launching in the UK on October 1; as well as Sparrowhawk’s stake in the multi-platform global channel for children and families, KidsCo, a joint venture with DIC Entertainment and Nelvana Enterprises to launch on September 7 in Central and Eastern Europe and subsequently worldwide.
Ad – Before Content
Related Articles
Talpa Studios introduces 3 Minutes of Fame to Brazilian audiences with TV Globo
JioHotstar Crosses 100 Million Subscribers – Shaping The Future Of Entertainment In India
TV5 Brings ‘Summer-Saya Together’ with Hot Summer Shows & a Japan Getaway
Bell Media Acquires Majority Stake of Global Content Distributor Sphere Abacus
Bundesliga International and Infront collaborate to secure media rights deals in nine Eastern European territories
Japan multiplay service revenue to surpass $27 billion in 2029 forecasts GlobalData