KKR


KKR-backed Emerald buys Cosmos-Maya

A media firm with backing from private equity investor KKR has acquired a majority stake in prolific Indian animation producer Cosmos-Maya. Emerald Media is behind the deal, financial terms of which were not disclosed. Emerald was launched as a pan-Asian media, entertainment and consumer tech investor, and counts experienced TV industry execs Rajesh Kamat (pictured) […]

CME sells Nova TV & Pop TV for €230m

CME has agreed to sell its top broadcast operations in Croatia and Slovenia for €230 million (US$262 million), in what it described as a “transformational moment” for the company. Central European Media Enterprises made a deal to sell commercial networks Nova TV in Croatia and Pop TV in Slovenia to United Group subsidiary Slovenia Broadband. The […]

Chernin and KKR back Asian OTT service

Emerald Media, a pan-Asian media investment vehicle backed by private-equity outfit KKR and Peter Chernin, is taking a minority stake in South Asian content-focused OTT TV service YuppTV for US$50 million. YuppTV, based in Atlanta in the US, provides live TV, catch-up TV and movies on-demand in 14 languages across the globe with a mix […]

eOne takes full control of digital studio

Entertainment One has acquired the 50% of digital production studio Secret Location it didn’t already own. eOne first bought into its compatriot Canadian firm in May 2014, and now owns 100% of its shares. Financial terms of the deal were not disclosed. This comes as UK broadcaster ITV and private equity firm KKR circle eOne, […]

eOne poaches Amazon Studios scripted exec

Entertainment One Television has bolstered its scripted ranks by drafting in Carolyn Newman from Amazon Studios. Newman (pictured) has been named in the new role of VP, scripted programming at eOne TV. Based out of LA, this will see her develop “bold and compelling” projects, working closely with eOne’s scripted teams around the world. Newman […]

KKR ‘to rival ITV in eOne chase’

Private equity giant KKR is reportedly lining up a bid for Entertainment One. This puts it in competition with UK broadcaster ITV, which last week confirmed it had an offer of around £1.01 billion (US$1.3 billion) rejected by eOne’s management. Various reports suggest KKR is “studying a potential proposal”, though has not yet decided whether […]

Chernin establishes Asian investment firm

The Chernin Group and former ProSiebenSat.1 owner KKR have pacted to create an investment fund in Asia. Investment company KKR has invested US$300 million in Emerald Media, with former New Corp. boss Peter Chernin’s media company partaking in the venture as a minority co-investor. Further to that, KKR has acquired a “significant, minority stake” in […]

Investment firms confirm ProSiebenSat.1 exit

Private equity firms KKR and Permira are offloading their remaining shares in German broadcaster ProSiebenSat.1. KKR issued a statement confirming the pair was putting its remaining 36.3 million shares into an accelerated bookbuilding process with institutional investors, leading to a total exit. The sale share price of €34.75 (US$47.25) values the KKR and Permira’s combined […]

All eyes on P7S1 as opportunity knocks

The future of ProSiebenSat.1 Media is the subject of intense speculation following the latest structural changes at the European broadcast and media giant, reports Jesse Whittock. On August 16, German TV and media firm ProSiebenSat.1 completed a stock conversion that reduced its majority shareholders’ voting shares from 88% to 44%. Significantly, the move converted private […]

ProSiebenSat.1 deal paves way for €3.4bn private equity exit

The private equity firms that control European broadcaster ProSiebenSat.1, KKR and Permira, will be free to exit the business after shareholders approved a stock conversion deal at the company’s AGM today (Tuesday 23 July). The private equity firms will hold a 44% stake in the German broadcast and media group once the conversion is approved […]