Industrial Media acquisition by Sony Pictures Television
Davis Polk is advising Industrial Media LLC on its acquisition by Sony Pictures Television. Upon closing, Sony Pictures will acquire a majority controlling interest in Industrial Media based on a purchase price which values the company at $350 million, subject to customary transaction adjustments. The transaction is subject to customary closing conditions, including regulatory approvals.
Industrial Media is an independent production group with ownership interests and partnerships in production companies Sharp Entertainment, The Intellectual Property Corporation (IPC), B17 Entertainment, 19 Entertainment, This Machine, This Radicle Act, Trilogy Films and House of NonFiction. Industrial Media’s portfolio includes such series as American Idol, 90 Day Fiancé, Indian Matchmaking, Selena+Chef and So You Think You Can Dance. Sony Pictures Television is one of the television industry’s leading content providers, producing, distributing and carrying programming worldwide in every genre and for every platform.
The Davis Polk corporate team includes partner Michael Davis and associates Dmitriy Molchanov and Dylan Major. The intellectual property and technology transactions team includes partner Pritesh P. Shah and associate S. Dream Montgomery. The executive compensation team includes partner Adam Kaminsky and associate Joseph S. Brown. The tax team includes partner Ethan R. Goldman and associate Liang Zhang. Members of the Davis Polk team are based in the New York and Washington DC offices.