You will be redirected back to your article in seconds

SBS acquires Cmore

World Brief

Pan-Euro media outfit SBS Broadcasting is acquiring all shares in the CMore Group, the Nordic umbrella of Canal Plus pay TV channels in Norway, Denmark, Sweden and Finland, for €270 million ($345 million) in cash.

It continues SBS’ strategy of concentrating on digital entertainment and increasing non-advertising-related income. The deal, subject to approval by competish authorities, is expected to close later this year.

CMore Entertainment, which houses the CMore Group’s pay TV channels, has more than 770,000 subscribers and revs in 2004 of $232 million. SBS’ Swedish subsid Kanal 5 is buying the shares from private equity funds represented by Baker Capital and Nordic Capital.

More Biz

  • Peak TV Saturation TV Placeholder

    Broadcaster Gray Television Sets $3.6 Billion Deal to Buy Raycom Media

    Pan-Euro media outfit SBS Broadcasting is acquiring all shares in the CMore Group, the Nordic umbrella of Canal Plus pay TV channels in Norway, Denmark, Sweden and Finland, for €270 million ($345 million) in cash. It continues SBS’ strategy of concentrating on digital entertainment and increasing non-advertising-related income. The deal, subject to approval by competish […]

  • Heather Locklear arrested

    Heather Locklear Arrested, Charged With Assaulting Officer

    Pan-Euro media outfit SBS Broadcasting is acquiring all shares in the CMore Group, the Nordic umbrella of Canal Plus pay TV channels in Norway, Denmark, Sweden and Finland, for €270 million ($345 million) in cash. It continues SBS’ strategy of concentrating on digital entertainment and increasing non-advertising-related income. The deal, subject to approval by competish […]

  • Xiaomi

    Chinese Smartphone Giant Xiaomi Aims for $6.1 Billion Hong Kong IPO

    Pan-Euro media outfit SBS Broadcasting is acquiring all shares in the CMore Group, the Nordic umbrella of Canal Plus pay TV channels in Norway, Denmark, Sweden and Finland, for €270 million ($345 million) in cash. It continues SBS’ strategy of concentrating on digital entertainment and increasing non-advertising-related income. The deal, subject to approval by competish […]

  • Jamie FoxxBET Awards, Show, Los Angeles,

    2018 BET Awards: Kendrick Lamar Wins Big at Youth-Centered Show

    Pan-Euro media outfit SBS Broadcasting is acquiring all shares in the CMore Group, the Nordic umbrella of Canal Plus pay TV channels in Norway, Denmark, Sweden and Finland, for €270 million ($345 million) in cash. It continues SBS’ strategy of concentrating on digital entertainment and increasing non-advertising-related income. The deal, subject to approval by competish […]

  • Variety Webby Nominations 2017

    Variety Wins 12 SoCal Journalism Awards Including Best Website

    Pan-Euro media outfit SBS Broadcasting is acquiring all shares in the CMore Group, the Nordic umbrella of Canal Plus pay TV channels in Norway, Denmark, Sweden and Finland, for €270 million ($345 million) in cash. It continues SBS’ strategy of concentrating on digital entertainment and increasing non-advertising-related income. The deal, subject to approval by competish […]

  • Kendrick Lamar

    2018 BET Awards Complete Winners List

    Pan-Euro media outfit SBS Broadcasting is acquiring all shares in the CMore Group, the Nordic umbrella of Canal Plus pay TV channels in Norway, Denmark, Sweden and Finland, for €270 million ($345 million) in cash. It continues SBS’ strategy of concentrating on digital entertainment and increasing non-advertising-related income. The deal, subject to approval by competish […]

  • SAG-AFTRA Hit With Class Action Suit

    SAG-AFTRA Hit With Class Action Suit Over Streaming Music Service Fees

    Pan-Euro media outfit SBS Broadcasting is acquiring all shares in the CMore Group, the Nordic umbrella of Canal Plus pay TV channels in Norway, Denmark, Sweden and Finland, for €270 million ($345 million) in cash. It continues SBS’ strategy of concentrating on digital entertainment and increasing non-advertising-related income. The deal, subject to approval by competish […]

More From Our Brands

Access exclusive content