Sony Pictures Television Acquires Industrial Media
March 3, 2022
Sony Pictures Television (SPT) agreed to acquire a majority controlling interest in Industrial Media for a purchase price that values the company at $350 million. The deal expands SPT's nonfiction and documentary production capabilities and scale, adding Industrial Media's portfolio of production companies and roughly 100 employees across multiple U.S. cities.
- Buyers
- Sony Pictures Television
- Targets
- Industrial Media
- Sellers
- Crestview Partners, Funds and accounts managed by BlackRock, UTA (United Talent Agency)
- Industry
- Media & Entertainment
- Location
- United States
- Transaction Type
- Buyout
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