Sony Pictures Television (SPT) has reached an agreement to acquire CSC Media Group (CSC) in the UK. Under the agreement SPT will own and operate the 16 channels in the company’s portfolio. The deal has been struck between SPT Networks and majority shareholders in the CSC Media Group, Veronis Suhler Stevenson, with SPT acquiring 100 per cent of the company.
“The acquisition of CSC further demonstrates our commitment to the UK market and our intent to continue to grow our tremendously successful global portfolio of networks,” said Andy Kaplan, president of worldwide networks for Sony Pictures Television. “These new channels perfectly complement our current offerings, allowing us to provide viewers with a variety of entertainment choices and advertisers with greater reach and cross-channel opportunities.”
Remy Minute, CEO of CSC Media Group, commented: “CSC has grown from a small bouquet channel operator to become one of the leading multi-channel ad-supported TV networks in the UK. This combination with SPT allows us to accelerate our growth trajectory, both internationally and domestically. I very much look forward to working with the team at SPT.”
CSC is one of the UK’s largest independent cable/satellite TV channel groups with channels across kids, music, and movies and entertainment genres. CSC was founded in 2007, and its channels are available on Sky Digital, Virgin Media, Freesat and Freeview. The company also owns and operates complementary websites, on-demand services and mobile apps.