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Sony Pictures Television Acquires Industrial Media In $300M+ Deal, Restructures Its Unscripted Operations

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Sony Pictures Television is expanding its unscripted footprint in a big way. The TV studio has signed an agreement to acquire independent nonfiction production company Industrial Media whose portfolio includes such series as American idol, 90 Day Fiancé, Indian Matchmaking, Selena+Chef and So You Think You Can Dance.

Upon closing, Sony Pictures will acquire a majority controlling interest in Industrial Media based on a purchase price which values the company at $350M.

Sony’s stake is believed to be close to 100%, valuing the deal at more than $300M. (The transaction is subject to customary closing conditions, including regulatory approvals.)With the arrival of Industrial Media, which was formed in 2018 when Core Media Acquired The Intellectual Property Corporation, Sony Pictures Television will restructure its unscripted operations with two new divisions, Nonfiction Entertainment, and Game Show production, which will replace the existing alternative department.Industrial Media CEO and founder & CEO of IPC, Eli Holzman, will join SPT as President of Nonfiction Entertainment upon closing, reporting to Ravi Ahuja, Chairman of Global Television Studios and SPE Corporate Development.

Holzman’s longtime producing partner, Industrial Media President and Co-Founder & President of IPC, Aaron Saidman, will join the company as Co-President, Nonfiction Entertainment, reporting to Holzman.

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