Manori Ravindran International EditorSony Pictures Television has sold its entire network portfolio in Central and Eastern Europe to Antenna Group, Variety can reveal.
The deal covers 22 pay-TV channels and two OTT services in 12 territories.The Greece-headquartered media giant Antenna has operations in North America, Europe and Australia.
The deal will see the company acquire the Central and Eastern European AXN, Sony and Viasat pay-TV channels and on-demand services as part of a major investment in the region.
Terms of the deal were not disclosed.Collectively, the Sony portfolio has 90% pay-TV market penetration, reaching 24 million subscribers in Poland, Hungary, Czechia, Romania, Bulgaria, Slovakia, Croatia, Serbia, Slovenia, Bosnia.
Read more on variety.com