Chellomedia acquires Spektrum for €60 mln
Chellomedia, the content division of Liberty Global, has acquired Central European documentary channel Spektrum from HBO Central Europe, in a deal understood to be worth €60 million ($85.3 million).
Spektrum will be the eighth channel in the Chello Central Europe portfolio and Chellomedia’s fifth deal in the region in the last 15 months, including the consolidation of Minimax and the acquisitions of Filmmúzeum, TV Paprika and TV Deko. Chellomedia president Shane O’Neill said his company anticipates considerable growth in multichannel pay-TV in Central and Eastern Europe. “We are seeking to expand our position in the fast growing emerging markets of Central Europe and to develop our portfolio of channel genres, and Spektrum meets both these acquisition criteria,” said O’Neill.
“We have been keen to build our presence in the increasingly popular documentary arena and expect to achieve a number of synergies and growth opportunities as we bring Spektrum into our Central Europe operations - it’s a highly complementary acquisition for us.”
Spektrum is carried on multiple television platforms in Hungary, the Czech Republic and Slovakia - three of the top five most affluent countries in Central and Eastern Europe as measured by per capita GDP. Since its launch in 1995, the channel’s distribution has increased to 3.6 million Central European homes.
Its programming is sourced from more than 200 international providers, including BBC Worldwide, Channel 4, Fremantle and TVF, with an increasing percentage being domestically produced in its home markets. Spektrum airs nature, history, science and technology, lifestyle, travel and military programming, with recent UK channel content having included Jamie’s School Dinners, Lonely Planet and The Earth From Above.
Linda Jensen, CEO of HBO Central Europe, said: “We are pleased to see Spektrum go to a good set of hands in the region. Chellomedia has a long presence in all of Spektrum’s markets and we are sure that the Spektrum brand will continue to thrive with them. HBO Central Europe will continue to focus on its movie and entertainment business in the region, in particular our digital and new media initiatives.” HBO Central Europe is a joint venture owned by HBO, The Walt Disney Company and Sony Pictures Television International/Columbia Tri-Star. (C21Media, UK)
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.