24th Mar 2016 07:49
LONDON (Alliance News) - Film and television producer Entertainment One Ltd on Thursday said it has acquired a 65% controlling stake in Los Angeles-based reality television producer Renegade Entertainment LLC.
Renegade was founded in 1994 and counts shows such as Naked & Afraid, Naked & Afraid XL, Fit to Fat, 4400, The Kennedy Detail, and Blind Date amongst its stable.
Entertainment One will pay USD23.0 million to acquire the stake, with put and call options agreed for Entertainment One to buy the rest of Renegade after five years.
"The acquisition complements our expanding unscripted slate, and we are excited to see the business continue its development as part of the eOne Group," said Entertainment One Chief Executive Darren Throop.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
Entertainment One