Kew Media Group to buy Essential Quail Media in $32m deal
Canadian distributor to buy Australian-US joint venture, producing non-scripted titles.
- Published by David Knox
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Canadian production and distribution firm Kew Media Group has agreed to buy LA-based Essential Quail Media Group, for an initial A$32.8m.
Peter Sussman, KMG’s founder and executive chairman, said the purchase of the the Australian-US company “bolsters Kew’s presence in the US” and provides it “with a diversified revenue platform in Australia.”
EQ Media was formed as a joint venture between Essential Media USA and Quail Television producing non-scripted titles in 2016.
Essential Media and Entertainment co-founder Chris Hilton (pictured) said: “Since founding Essential in 2006, we have grown the business to become a leading content producer. We now have the opportunity to take it to the next level by partnering with Kew and accessing its strong international distribution platform.”
“EQ Media is an exciting addition to the Kew group and the transaction purchase price is an attractive valuation for such a prominent content producer,” said Steven Silver, Kew’s founder and CEO.
The deal is expected to close in early July.
Source: C21
One Response
Essential Quail Media’s recent non-scripted programs are Mom and Me, Texas Flip ‘n Move, Restored and Holiday Cookie Builds. I was curious, that’s all.