Kew Media has paid $25M to acquire the non-scripted arm of Australian and U.S. producer Essential Media. The producer and distributor, which works across TV and film, has struck a deal to buy Essential Quail Media Group, the company behind DIY’s Texas Flip ‘n Move.
This comes after FremantleMedia acquired Essential Media’s drama division, which produces series including legal drama Rake and Jack Irish, in September 2017.
The deal to buy Essential Quail Media Group, which was set up in 2006, was made up of AU$ 20M (US$15M) in cash and AU$12.8M (US$9.7M) in shares. In addition to Texas Flip ‘n Move, Essential Quail Media Group produces series including DIY’s Restored, Mom and Me for HGTV and Cooking Channel’s Holiday Cookie Builds. In Australia, it produces shows including Seven Network’s Find My Family, Todd Sampson’s Body Hack, scripted comedy At Home With Julia and Kriv Stenders-directed music feature documentary The Go-Betweens: Right Here.
Kew Founder and Executive Chairman Peter Sussman said, “I first got to know EQ Media CEO Chris Hilton more than 10 years ago and have always been very impressed with what the EQ Media team have been able to accomplish. This acquisition bolsters Kew’s presence in the U.S. and provides KEW with a diversified revenue platform in Australia.”
“Since founding Essential in 2006, we have grown the business to become a leading content producer,” added Chris Hilton, CEO of EQ Media. “We now have the opportunity to take it to the next level by partnering with KEW and accessing its strong international distribution platform.”
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