Endemol announced that it has acquired Tiger Aspect, Darlow Smithson and Tigress from IMG, effective immediately. Financial terms of the transaction were not disclosed. Chris Davis, IMG executive vice president and chief financial officer commented, “These companies have never been synergistic with IMG’s core business. We believe they are an excellent fit with Endemol’s global network of companies and we wish them, their managements and employees great success in the future. IMG will continue to focus its resources on its exceptional global core capabilities including further expansion into large new high growth markets.” Ynon Kreiz, Chairman and CEO of Endemol Group adds, “This acquisition enhances our global business in key areas such as drama and further strengthens our program distribution activities, which will now include one of the UK’s best programming libraries. It also further expands our creative output across multiple genres including factual and kids programming. Companies of this calibre are extremely hard to come by in today’s market, so as an organisation that is continuously on the lookout for strategic acquisitions we are very excited about this opportunity.”
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