AMC/Sundance swoops into Germany with pay-TV channel acquisition
Editor | 24-04-2014
Making its first foray into Germanic-speaking Europe, AMC/Sundance Channel Global is to acquire KinoweltTV, a leading basic pay-TV channel distributed throughout Germany, Austria and Switzerland.
The 24/7 linear network airs classic and contemporary films and its acquisition—subject to the satisfaction of certain closing conditions, including regulatory approval—expands the AMC division's European presence with full distribution across all platforms in German speaking Europe. KinoweltTV's existing management will join the AMC/Sundance Channel Global team, led by Bruce Tuchman. Achim Apell will continue to be KinoweltTV's Managing Director.
"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," commented Bruce Tuchman, President of AMC/Sundance Channel Global and MGM Channel Global. "KinoweltTV's high quality critically acclaimed films complement Sundance Channel's distinctive programming and we expect this acquisition will fit perfectly into our portfolio."
Added Achim Apell, KinoweltTV's Managing Director: "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. "