A+E ACQUIRES STAKE IN NEWEN’S SUBSIDIARY REEL ONE

A+E Networks has acquired a 35% stake in Newen’s majority-owned subsidiary, Reel One. The investment is intended to help strengthen the company's production and distriubtion operations in North America. “This deal builds on Reel One’s great business partnership with A+E Networks and is a very good fit with Newen, and the TF1 Group," Tom Berry, CEO of Reel One, said. "This will help to drive Reel One’s growth and strengthen its relationships with broadcasters and digital platforms worldwide. We look forward to continued innovation in content and licensing to meet and exceed the expectations of our clients.”

As a result of the partnership, further synergies will be created with Newen, its corporate parent, the TF1 Group, and its entire portfolio. “With this agreement, Newen continues its successful international expansion and builds a sustainable relationship with a major media company,”  Romain Bessi, Managing Director of Newen, said. “Many opportunities will arise from this partnership in the years to come under the inspired leadership of Tom Berry. Reel One’s activity has been growing a lot in recent years and will expand even further with A+E Networks now on board.”

Newen continues to hold the majority of shares for Reel One, and Berry remains its owner and CEO. The Reel One Board of Directors now includes 4 representatives of Newen, 2 representatives of A+E Networks, and Tom Berry. Created in 2001 by Tom Berry has reached a global market with over 100 TV titles produced per year.

The company develops, finances, produces and distributes TV productions for major American, European and international broadcasters, as well as AVOD and SVOD platforms. “A+E Networks is pleased to expand our multi-year partnership with Reel One," David Bank, EVP Corporate Development & Strategy, A+E Networks said. "Our newly acquired stake underscores our confidence in their business and will accelerate A+E Networks’ global distribution of premium content to enhance our market share and serve fans around the world.”