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Report: Tuvalu Media Buys Out Sony Pictures’ Stakes To Regain Independence

Tuvalu's popular formats include "Milky Way Mission"

LES ARCS, France– Dutch production company Tuvalu Media has regained its independence after acquiring Sony Pictures Entertainment’s 60-percent stake in the outfit.

Tuvalu joined forces with Karmign, a financing firm, to buy SPE’s shares, according to a report from TBI.

Sony Pictures Ent. bought a majority stake in Tuvalu in 2008 to use it as its production arm across the Benelux region and rep its factual entertainment formats’ catalog, notably “Milky Way Mission,” a reality show commissioned by Dutch broadcaster Nederland 1, featuring 10 celebrities who undergo strict astronaut training.

Taco Zimmerman will remain managing topper of Tuvalu, while Tuvalu co-founder Roel Kooi will ankle, per TBI.

More to come.

 

 

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