Amsterdam-headquartered DMC provides content owners and media companies with cloud-based media logistics and distribution services and becomes part of TVT with immediate effect.
TVT claims that the deal, which was completed yesterday, brings together the industry’s most extensive end-to-end content services, media logistics and distribution offering.
DMC delivers media in 40 countries and in 36 languages for customers that include A+E Networks, AMC Networks International, Fox Networks Group, Liberty Global, and Sony Pictures.
The takeover takes adds more than 210 staff into the TVT organisation, some 160 of whom are permanent employees.
TVT and AMC Networks International have also entered into a long-term contract whereby TVT and DMC will provide content management and playout services for a “significant portion” of AMCNI’s channels across Europe.
TVT CEO, Ian Brotherston, said that the two companies are equipped to “tackle the ground-breaking changes taking place in media and entertainment.”
“Together we have the unique, end-to-end capabilities to support our customers throughout their content journey, enabling them to meet the expectations and demands of today’s digitally-savvy consumers by enhancing the viewer experience and driving the future of next generation entertainment.”
TVT also said the acquisition increases both companies’ global reach, allowing it to target new markets across EMEA and Asia.
London-headquartered TVT provides digital media services for the BBC, Netflix, A+E Networks, Hulu, Discovery Communications and Scripps Networks.
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25 February 2021 @ 14:00:00 UTC