Canada’s Sphere Media Set to Snap Up Abacus Media Rights For $24 Million

variety.com:

K.J. Yossman Canada’s Sphere Media is set to acquire distributor Abacus Media Rights from Amcomri Entertainment Inc. The deal, which is valued at $24.6 million, is expected to close in mid-August.

Sphere Media have partnered with media and entertainment company Bell Media on the acquisition. Bell is the current shareholder in Sphere.

Once the acquisition is complete, Abacus Media Rights will be renamed Sphere Abacus Media Rights. Its sales and acquisitions team will remain in the U.K., reporting to managing director Jonathan Ford.

Ford will join Sphere’s executive team, reporting to CEO Bruno Dubé. Abacus Media Rights acquire and distribute a diverse slate of shows, ranging from documentaries such as “The Steal” about Donald Trump and “Mozart’s Sister,” about the composer’s little known older sibling, to scripted dramas such as “The Boy Who Never Was.” “The carefully curated expansion of AMR’s diverse,high quality content library has delivered on Amcomri’s passion for independent storytelling and we wish Jonathan and his team well ahead of this new venture,” said Amcomri Entertainment Inc’s Robert Price. “AMR’s collaboration with Sphere Media will bring more scale and power to Abacus’s existing growth plans, creating a dynamic new force on the international stage.” Ford said: “I’d like to thank Amcomri for their support as AMR has grown over recent years.