Target buys Minotaur

Companies aim to boost U.S. business

LONDON — Target Ent. has bought fellow U.K. distributor Minotaur Intl. from Virgin Media Television in a move both parties hope will help develop their U.S. businesses.

Agreement involves a long-term strategic partnership with VMtv aimed at generating coin from program sales, co-production and other worldwide opportunities.

Target will be the preferred worldwide distribution partner for VMtv’s future commissioned content and handle SMG Prods.’ programming, previously sold by Minotaur.

“The acquisition of Minotaur and the new strategic partnership with VMtv are a real coup for the company and mark the beginning of the next stage in our growth strategy,” said Target CEO Alison Rayson.

VMtv topper Jonathan Webb added, “The U.S. is a critical source of talent, ideas and production finance, and I want us to have a much stronger presence there.”

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