Sony Pictures Television Acquires Industrial Media For $350 Million
Davis Polk advised Industrial Media on the deal.
Sony Pictures Television announced the acquisition of Industrial Media LLC. Upon closing, Sony Pictures will acquire a majority controlling interest in Industrial Media based on a purchase price which values the company at $350 million, subject to customary transaction adjustments. The transaction is subject to customary closing conditions, including regulatory approvals.
Industrial Media is an independent production group with ownership interests and partnerships in production companies Sharp Entertainment, The Intellectual Property Corporation (IPC), B17 Entertainment, 19 Entertainment, This Machine, This Radicle Act, Trilogy Films and House of NonFiction. Industrial Media’s portfolio includes such series as American Idol, 90 Day Fiancé, Indian Matchmaking, Selena+Chef and So You Think You Can Dance.
