Expanding its European reach, AMC Networks‘ AMC/Sundance Channel Global is buying Frankfurt-based KinoweltTV. The pay-TV channel airs classic and contemporary films and is distributed to 4.5 million subscribers throughout Germany, Austria and Switzerland. The acquisition provides the international arm of AMC Networks with distribution across all platforms in German-speaking Europe for the first time. AMC has been actively growing its overseas presence; last year, it paid about $1B for Chellomedia which produces and distributes TV channels across such territories as the UK, Benelux, Central Europe, Spain and Latin America, and reaches about 390 million households. Founded in 2004, KinoweltTV was the first German TV station completely dedicated to high-class feature films; it now offers European and American cult movies, indies, arthouse fare, classics and monthly retrospectives. The channel’s existing management will join the AMC/Sundance Channel Global team which is led by Bruce Tuchman. Achim Apell will continue as KinoweltTV’s Managing Director. Financial terms of the deal, which is subject to regulatory approval, were not disclosed.
AMC/ Sundance Channel Global To Acquire Germany’s KinoweltTV
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