Zodiak eyes U.K.’s Diverse

Move follows acquisitions in Denmark, Russia and Poland

LONDON — U.K. factual and documentary specialist, Diverse Productions, is being lined up for takeover by Scandinavia’s second largest production combo, Zodiak Television.

The move, which follows acquisitions in Denmark, Russia and Poland, confirms the Stockholm-based company’s desire to become a player in Blighty.

In a statement, Zodiak Televisions said it is “in closing discussions with FBC Group Limited, the owners of the U.K. based production company Diverse Production, with regards to an acquisition.

“If the parties find themselves in agreement the transaction is scheduled to close in the near future.”

It is only two years since FBC paid a reported $14.5 million for Diverse, makers of skeins such as reality arts skeins “Musical-ity,” “Operatunity” and “Ballet Changed My Life” for Blighty’s Channel 4.

Zodiak’s assets include Danish distributor ZTVW, and a number of production outfits including Mastiff Media, MTV Mastiff, Jarowskij, T&T Broadcasters and Zodiac AFP in Sweden.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More TV News from Variety

Loading