Blighty group nabs stake in Target Distrib’n

CSS Stellar also to assume $195,000 debt

LONDON — U.K. sports and entertainment management and marketing group CSS Stellar has acquired a 58.5% stake in Target Distribution from Brit indie producer Tiger Aspect in a part-cash, part-share deal.

CSS Stellar is assuming a debt of £125,000 ($195,000) in the form of a loan, issuing 155,000 ordinary shares at 78¢ each, and is offering $886,000 in cash. Tiger Aspect has agreed not to dispose of its shareholding in CSS Stellar for a year. Alison Rayson, managing director of Target, will continue to run the company.

Target, which reported an operating profit of $338,000 on revenues of $7.3 million in 2001, handles rights to formats such as “Popstars” and new BBC quiz show “The Chair,” hosted by John McEnroe. Company has almost 1,000 hours of popular drama, animation, children’s and light entertainment programming in its library.

Tiger Aspect was a founding shareholder along with Rayson (who holds the balance of Target’s shares) and Talkback Prods. in 1998. Talkback subsequently sold its stake to Tiger Aspect and Rayson when FremantleMedia (then known as Pearson TV) bought the company.

Target is also about to launch a dedicated licensing division to exploit the brand potential of its key entertainment format and animated properties.

More Biz

  • Matt Sawin Capitol Music Group

    Caroline Names Matt Sawin Executive VP

    LONDON — U.K. sports and entertainment management and marketing group CSS Stellar has acquired a 58.5% stake in Target Distribution from Brit indie producer Tiger Aspect in a part-cash, part-share deal. CSS Stellar is assuming a debt of £125,000 ($195,000) in the form of a loan, issuing 155,000 ordinary shares at 78¢ each, and is […]

  • Universal Music Group

    Universal Music Launches Nigerian Division

    LONDON — U.K. sports and entertainment management and marketing group CSS Stellar has acquired a 58.5% stake in Target Distribution from Brit indie producer Tiger Aspect in a part-cash, part-share deal. CSS Stellar is assuming a debt of £125,000 ($195,000) in the form of a loan, issuing 155,000 ordinary shares at 78¢ each, and is […]

  • Bruno Mars Grammys

    Recording Academy Announces Date, Deadlines for 2019 Grammy Awards

    LONDON — U.K. sports and entertainment management and marketing group CSS Stellar has acquired a 58.5% stake in Target Distribution from Brit indie producer Tiger Aspect in a part-cash, part-share deal. CSS Stellar is assuming a debt of £125,000 ($195,000) in the form of a loan, issuing 155,000 ordinary shares at 78¢ each, and is […]

  • The Matcha Bros

    Ansel Elgort, Diplo, Billie Eilish and Von Miller Invest in MatchaBar Energy Drink

    LONDON — U.K. sports and entertainment management and marketing group CSS Stellar has acquired a 58.5% stake in Target Distribution from Brit indie producer Tiger Aspect in a part-cash, part-share deal. CSS Stellar is assuming a debt of £125,000 ($195,000) in the form of a loan, issuing 155,000 ordinary shares at 78¢ each, and is […]

  • Ron Burkle

    Ron Burkle Sues Lantern Capital Over Weinstein Co. Costs

    LONDON — U.K. sports and entertainment management and marketing group CSS Stellar has acquired a 58.5% stake in Target Distribution from Brit indie producer Tiger Aspect in a part-cash, part-share deal. CSS Stellar is assuming a debt of £125,000 ($195,000) in the form of a loan, issuing 155,000 ordinary shares at 78¢ each, and is […]

  • Netflix Reed Hastings

    Netflix Falls Short of Q2 Subscriber Expectations Worldwide, Stock Dives

    LONDON — U.K. sports and entertainment management and marketing group CSS Stellar has acquired a 58.5% stake in Target Distribution from Brit indie producer Tiger Aspect in a part-cash, part-share deal. CSS Stellar is assuming a debt of £125,000 ($195,000) in the form of a loan, issuing 155,000 ordinary shares at 78¢ each, and is […]

More From Our Brands

Access exclusive content