New York, NY / Frankfurt, Germany – AMC/Sundance Channel Global, a division of AMC Networks Inc., has reached an agreement to acquire KinoweltTV, a basic pay-TV channel distributed throughout Germany, Austria and Switzerland. The 24/7 linear network airs a high quality 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, stated, “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.”
KinoweltTV’s existing management will join the AMC/Sundance Channel Global team which is led by Bruce Tuchman. Achim Apell will continue to be KinoweltTV’s Managing Director.
Achim Apell, KinoweltTV’s Managing Director stated, “AMC/Sundance Channel Global has developed worldwide recognition for its great programming and record expansion; our team is thrilled to be joining their team. We are convinced that our audience as well as our distribution partners will benefit from the effects caused by this acquisition and that after ten successful years of broadcast we’ve chosen the best possible international partner to take our business to the next level.”
Sundance Channel offers audiences a diverse and engaging selection of first run original drama and other iconic programming, award winning and locally appealing independent films and documentaries. It is available to pay-TV operators as a standard and high definition linear television channel, VOD service and via mobile and online authenticated streaming. Additionally, select VOD programme offerings are available during theatrical windows so audiences can watch films that are still in theatres from the comfort of their own homes.
AMC/Sundance Channel Global was advised by Reed Smith and Kinowelt Television by Leonardo & Co. and Osborne Clarke.
