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Latest Satellite News Discussion, Info EM.Sport sells entertainment branch at General Satellite News forum; EM.Sport sells entertainment branch German media company EM.Sport Media has sold its entertainment branch to Studio 100, which offers childrens ...

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Info EM.Sport sells entertainment branch - 01-June-2008, 01:00

EM.Sport sells entertainment branch

German media company EM.Sport Media has sold its entertainment branch to Studio 100, which offers childrens and youth programmes in the Benelux countries.
The Belgian-based company paid 41 million for the subsidiary, EM.Sport Media announced in Munich. The federal cartel office and local media authorities still have to approve the transaction.

EM.Sport Media announced in May 2007 its plans to concentrate completely on its activities in the field of sports and to part with its second foothold of childrens and youth entertainment. The section includes the content production and distribution company EM.Entertainment and childrens channel Junior.TV, which is distributed on pay-TV platform Premiere.

EM.Sport Media owns Deutsches SportFernsehen, TV production company Plazamedia, web portal Sport 1 and creative agency Creation Club, amongst other interests. The largest single shareholder is Leo Kirchs company KF 15 with a 17.13% stake.
   
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