Acquisitive investment group Kew Media is buying film and TV production company Sienna Films.
Jennifer Kawaja and Julia Sereny’s Toronto-based Sienna makes “Cardinal,” which is on CTV in Canada, Hulu in the U.S., and BBC Four in the U.K. Its other TV credits include “Ransom” and “Combat Hospital.” On the film side, it has teed up Canada-Ireland co-production “Sweetness in the Belly,” an adaptation of the Camilla Gibb novel that goes into production next March.
Kew will pay C$3 million ($2.4 million) for Sienna, which generates about C$1.1 million of annual EBITDA profit.
Canada-based Kew has struck a series of deals as part of a major push into TV and film, and comes on the heels of the acquisition of Content Media and TCB Media. It first announced itself on the TV and media stage in February when it acquired Content and invested in five other content companies, including Alex Gibney’s Jigsaw Productions and “Dance Moms” producer Collins Avenue.
“Jennifer and Julia have built an exceptional company through creative and innovative work and have proven time and again the ability to develop and deliver quality content,” said Kew CEO Steven Silver.