Metrodome Buys Target Entertainment

The London-based theatrical distributor has bought the TV sales agent/distributor for £800,000 ($1.3 million) – way down on the £10 million which was being talked about before. Instead, Metrodome has promised to invest a further £3 million in Target. Negotiations between both companies broke down last month. Mark Webster, executive chairman of Metrodome, has personally bought 50% of Target and is investing £700,000 himself in the company. Metrodome wants Target because around 6,000 hours of TV programming to ride out those peaks and troughs of theatrical releasing.

This article was printed from https://deadline.com/2010/08/metrodome-buys-target-entertainment-61540/