AMC/Sundance Channel Global Expands into Germany, Austria and Switzerland for the First Time with Acquisition of German Pay-TV Channel
New York, NY / Frankfurt, Germany – 24 April 2014 – AMC/Sundance Channel Global, a division of AMC Networks Inc., announced today it has reached an agreement to acquire KinoweltTV, a leading basic pay-TV channel distributed throughout Germany, Austria and Switzerland. The 24/7 linear network airs a high quality array of 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, stated, “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 Bruce Tuchman. Achim Apell will continue to be KinoweltTV’s Managing Director.
Achim Apell, KinoweltTV’s Managing Director stated, “AMC/Sundance Channel Global has developed worldwide recognition for its great programming and record expansion; our team is thrilled to be joining their team. We are convinced that our audience as well as our distribution partners will benefit from the effects caused by this acquisition and that after ten successful years of broadcast we’ve chosen the best possible international partner to take our business to the next level. ”
Sundance Channel offers audiences a diverse and engaging selection of first run original drama and other iconic programming, award winning and locally appealing independent films and documentaries. It is available to pay-TV operators as a standard and high definition linear television channel, VOD service and via mobile and online authenticated streaming. Additionally, select VOD program offerings are available during theatrical windows so audiences can watch films that are still in theatres from the comfort of their own homes.
AMC/Sundance Channel Global was advised by Reed Smith and Kinowelt Television by Leonardo & Co. and Osborne Clarke.
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About AMC/Sundance Channel Global
AMC/Sundance Channel Global delivers compelling and globally renowned entertainment to audiences worldwide in multiple languages through locally tailored programming services, cutting edge media and subscription television platforms. The international arm of AMC Networks Inc., the division’s flagship channels include Sundance Channel and WE tv and are broadcast in both high and standard definition. Sundance Channel was founded by Robert Redford and showcases acclaimed independent films, from the newest festival award winners to the genre’s most beloved movies. Central to Sundance Channel’s appeal is its broadcast of original series from leading talent both in the US and abroad, including celebrated series Mad Men, Breaking Bad, The Walking Dead, and Hell on Wheels. Recently launched in Asia, WE tv is a leading entertainment brand in the US and caters to audiences who can’t get enough of celebrity driven reality and other widely appealing lifestyle programming.
About AMC Networks Inc.
Dedicated to producing quality programming and movie content for more than 30 years, AMC Networks Inc. (NASDAQ: AMCX) owns and operates several of the most popular and award-winning brands in cable television. AMC, IFC, SundanceTV, WE tv, and IFC Films produce and deliver distinctive, compelling and culturally relevant content that engages audiences across multiple platforms. The company also operates international programming businesses consisting of AMC/Sundance Channel Global and AMCN Chellomedia, as well as AMC Networks Broadcasting & Technology, a full-service network programming origination and distribution company. For more information, please visit www.www.amcnetworks.com.
About Kinowelt Television GmbH
Founded in 2004 KinoweltTV was the first German TV station completely dedicated to high-class feature films. During the past ten years KinoweltTV has become a household name in German speaking countries, known to offer European and American cult movies, independent films, arthouse fare, classic movies by the greatest directors and actors in the business as well as monthly retrospectives. KinoweltTV presents quality entertainment without any commercial breaks, uncut and with a passion for every single movie. Over 4.5 Million subscribers receive KinoweltTV in Germany, Austria and Switzerland via cable, satellite and IPTV through providers like Kabel Deutschland, Sky Deutschland, UnitymediaKabelBW, Deutsche Telekom, Vodafone, UPC Austria, UPC Cablecom and many more.
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