3rd Dec 2015 07:12
LONDON (Alliance News) - Broadcaster Sky PLC on Thursday said it has invested USD300,000 via convertible debt security in LA-based TV4 Entertainment, which owns a portfolio of a dozen niche channels.
The company has current channels including 'DocComTV', focused on documentaries, 'Motorland' for automotive programs and the 'Ultimate Champion Network' for combat sports shows, amongst others. It has more than 30 new channels in development, Sky said.
"This exciting investment will help us develop our understanding of niche content genres and what audiences are most passionate about. We are committed to developing partnerships right across our business that support and extend our leadership position in content and innovation. We look forward to working with the team at TV4 Entertainment as they continue to grow," said Sky's Director of Corporate Business Development Emma Lloyd in a statement.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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