Canada's Vidatron buys Sugar Ent.
Vidatron Group Inc., the Vancouver-based film and TV production and distribution company, has acquired Sugar Entertainment Ltd., headed by Larry Sugar, who has signed an exclusive services deal with Vidatron.
Sugar recently wrapped three episodes of “Dead Man’s Gun,” a Western series for TV shot in British Columbia. Showtime and Hallmark have picked up the three episodes and Vidatron has pacted for exclusive Canadian distribution rights. Henry Winkler is an exec producer on the show.
Sugar is also producing “Contemporary Classics,” a series of feature-length family films for Showtime Networks in the U.S., with overseas rights held by Hallmark Entertainment. Five of the pics have been produced, with others in development. Vidatron holds Canadian rights to two installments, “Prisoner of Zenda Inc.” and “Ronnie and Julie.”
“The acquisition of Sugar Entertainment and the projects it is involved in may prove to be the single most signifi-cant move Vidatron has ever made,” said Tim Gamble, Vidatron president.
The transaction was described as a stock deal, but the terms were undisclosed.
Vidatron, established in 1981, is a publicly traded company that includes production facilities, a multimedia divi-sion and a TV and video distribution arm.
“With my shift about five years ago from distribution to production, I’ve sought a partner who could give me opportunity to diversify and expand,” Sugar told Daily Variety. Sugar has relocated to Vancouver after 25 years in Hollywood
In addition to heading up his own 15-year-old company, Sugar was head of international distribution for several companies, including Weintraub Entertainment, Lorimar and Republic Pictures.