Online channels curator Alchimie is expanding into the US by acquiring the publishing assets of LA-based streaming operation TV4Entertainment.
The deal will see Alchimie pick up nine thematic SVOD channels, including Motorland, which offers shows such as travelogue Long Way Down. Other offerings include factual-focused DocCom TV, boating offering Nautical Mile, hunting/fishing network Gone TV and property streamer Inside Outside.
Together, the SVOD channels have 15,000 subscribers and sales of almost $1m, Alchemie said, and is part of the company;s strategy to expand its global activity via acquisitions. Financial details have not been revealed.
Nicolas d’Hueppe, founder and CEO of Alchimie, said: “We are thrilled to welcome an experienced and close-knit team that will help us to establish a strong footprint in the US market.
“Acquiring the US publishing assets of TV4Entertainment is a transformative operation that allows us to save a significant amount of time in terms of development and provides us with the ability to directly capitalise on high-quality assets validated on the US market.”
TV4Entertainment specialises in OTT streaming channels and operates around 30 genre-focused brands, while Alchimie stocks its OTT offerings with shows from a catalogue of more than 60,000 hours of content from more than 300 partners such as France TV distribution and ZDF Entreprises. In 2019, Alchimie acquired UK-based OTT platform TVPlayer.
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