Independent media services company TVT has acquired 100 per cent of the shares in AMC Network's Digital Media Centre.
The cash transaction has been completed today and DMC now becomes a TVT company with immediate effect.
DMC provides software defined, cloud-based media logistics and distribution services to media companies in 40 countries around the world.
Alongside the acquisition, TVT and AMC Networks International have also entered into a long-term contract whereby TVT and DMC will provide content management and playout services for a significant portion of AMCNI’s channels across Europe.
"We welcome the DMC team to the TVT family and are excited that our combined heritage, expertise, and values will, effectively, create a new global content services powerhouse, equipped to tackle the ground-breaking changes taking place in media and entertainment," said Ian Brotherston, CEO of TVT (pictured).
"Together we have the unique, end-to-end capabilities to support our customers throughout their content journey, enabling them to meet the expectations and demands of today’s digitally-savvy consumers by enhancing the viewer experience and driving the future of next generation entertainment."