Sports and entertainment group EM.TV has taken full control of Australian production company Yoram Gross-EM.TV.
EM.TV, which acquired 50% of the company in 1999, picked up the remaining 50% from founders Yoram and Sandra Gross through its EM.Entertainment division, EM.TV said Wednesday.
As part of the deal, EM.TV will hold a 45% stake in Yoram Gross Prods., which will remain majority owned by the Grosses.
“Yoram Gross-EM.TV is already our most important source of productions for children and youth programming,” said EM.TV chief exec Werner Klatten. “In increasing our stake, we want to strengthen our influence in the company and significantly develop its production expertise.”
Yoram Gross-EM.TV productions include animated series such as “Tabaluga,” “Flipper & Lopaka,” “Blinky Bill” and “Dot and the Kangaroo.”
Yoram Gross productions are currently seen in more than 80 countries, according to EM.TV.