ViacomCBS Fully Acquires Israeli Pay-TV Company Ananey
ViacomCBS Networks Worldwide (VCNI) has introduced that it has accomplished a full buyout of Israeli pay-TV operator and producer Ananey Communications Group after first investing within the firm in 2017.
Ananey shall be consolidated into ViacomCBS’s worldwide enterprise, with CEO Orly Atlas-Katz now reporting to Maria Kyriacou, the president of VCNI’s operations in Australia, Israel and the UK. Monetary particulars weren’t disclosed.
Moreover, Ananey’s founder and chairman, Udi Miron, will keep on as an advisor to the corporate. He will even be a common accomplice at a newly fashioned media enterprise capital fund, Gazella – New Media Expertise, which he and VCNI will spend money on.
VCNI president and CEO David Lynn stated: “This deal is a logical subsequent step to cement and improve the long-standing and beneficial partnership we’ve with Ananey and to safe and scale our place within the Israeli market. Ananey is a well-established and profitable producer of native and international content material and it’s a sturdy match with the remainder of our worldwide networks and studios enterprise. I’m excited by the potential to scale its concepts and codecs, to take advantage of its content material pipeline and library and to faucet into its manufacturing experience for our TV networks and streaming providers in different territories.”
COPYRIGHT_BP: Published on https://bingepost.com/viacomcbs-fully-acquires-israeli-pay-tv-company-ananey/87046/ by Cecilia Jones on 2020-04-06T13:53:47.000Z
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Atlas-Katz added: “This a vote of confidence on behalf of ViacomCBS, not solely in us as an organization, but additionally in Israeli content material and creators. I’m constructive that this an enormous step ahead for the native market and a lift to its skill to distribute content material exterior Israeli borders.”
ViacomCBS and Ananey have been long-term companions. In addition to operating six native pay-TV stations, Ananey additionally operates underneath license native variations of MTV, Comedy Central, Nick Jr. and Nickelodeon. As a producer, it’s best identified for teen drama, Greenhouse Academy, which was lately renewed by Netflix for a fourth season.