Sony Pictures Television has signed an agreement to acquire independent nonfiction production company Industrial Media whose portfolio includes such series as ‘American Idol’ and ‘90 Day Fiancé’
In addition to cash flow and library titles, the acquisition adds size and expanded capabilities to SPT’s nonfiction operation. Collectively, the Industrial Media group has approximately 100 employees in Los Angeles, New York and Atlanta, producing multi-platform programming across a variety of genres, including the documentary, music competition and reality categories.
Since Holzman and Saidman took the lead at Industrial Media three years ago, the company has nearly doubled in size.
The acquisition by Sony TV caps the comeback of once-embattled Core, which filed for bankruptcy in 2016 with nearly $400 million of debt. Crestview Partners and funds and accounts managed by BlackRock acquiring CORE Media Group in 2016, with UTA subsequently taking a stake in the company and advising on its turnaround.
in her new role as EVP of the newly formed Game Show Production division. Prete and her team will focus on developing and producing new game show content, as well as continuing to manage the Jeopardy! and Wheel of Fortune franchises.
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