IMG Media has struck a deal to acquire London-based production company TigerAspect Group, including its subsidiaries Tigress, US-based TTP and film division TigerAspect Pictures.
Termsof the deal weren't released, but IMG Media will finance theacquisition with capital from its US-based parent company IMG.
Thisdeal follows IMG unit TWI's recent acquisition of UK-basedDarlow Smithson Productions, maker of factual TVprogrammes and the feature film Touching The Void.
TigerAspect produces TV family, comedy, drama and factual shows as well as wildlifeprogrammes through Tigress. Its feature film business has produced films suchas Billy Elliot and Kevin And Perry GoLarge.
TigerAspect has an annual output of more than 200 hours of programming and an annualturnover of more than $93.8m (£50m).
Alastair Waddington, IMG Media executive VP and COO, said: "[Tiger Aspect's] acquisitionrealises IMG Media's long-held ambition to become a multi-genre producer, and welook forward to Tiger Aspect's continued success and growth, while maintainingits distinctive identity as a producer of top quality programming."
AddedTiger Aspect founder and chairman Peter Bennett-Jones:"This is a red letter day in the distinguished history of Tiger Aspect. Weare immensely proud of our output and this deal will enhance our ability tomake many more memorable programmes for broadcast in the UK and around the worldthrough IMG's extensive internationalstructure. It will also open up new media opportunities and introduce newmarkets and creative relationships."