SPTI grabs stake in Tuvalu Media
EmptyLONDON -- Sony Pictures Television International has extended its European production footprint, acquiring an undisclosed equity stake in Dutch format producer Tuvalu Media, senior vp European production Antony Root said Wednesday.
The deal, SPTI's first Dutch investment, gives the studio distribution rights to Tuvalu's catalog, including such formats as "How Safe Is Your House?" and "Babyboom."
Under SPTI, Tuvalu will continue to develop formats for the Dutch and international markets.
"Our investment is strategically important because it adds another supply line for our continuously expanding formats business and it extends the geographical reach of our productions across Europe," Root said.