AMC/Sundance Channel Global makes its first foray into Germany, Austria and Switzerland with the acquisition of the German pay-TV channel
AMC/Sundance Channel Global has secured an agreement to acquire KinoweltTV, a basic pay-TV channel distributed throughout Germany, Austria and Switzerland.
The 24/7 linear network airs classic and contemporary films. The acquisition expands AMC/Sundance Channel Global’s European presence with full distribution across all platforms in German-speaking Europe. The transaction is subject to the satisfaction of certain closing conditions, including regulatory approval.
Bruce Tuchman, President of AMC/Sundance Channel Global and MGM Channel Global, said: “The acquisition of KinoweltTV is an important moment for AMC/Sundance Channel Global as it increases its international footprint and provides widespread distribution across all major platforms throughout German speaking Europe.
“KinoweltTV’s high quality critically acclaimed films complement Sundance Channel’s distinctive programming and we expect this acquisition will fit perfectly into our portfolio.”
KinoweltTV’s existing management will join the AMC/Sundance Channel Global team which is led by Tuchman. Achim Apell will continue to be KinoweltTV’s managing director.
Apell said that after 10 years of broadcasting he believed it had “chosen the best possible international partner to take our business to the next level”.
AMC/Sundance Channel Global was advised by Reed Smith and Kinowelt Television by Leonardo & Co. and Osborne Clarke.