NBCUniversal Takes Over Children's Channel THR
NBCUniversal has bought out its partners in a children's channel, taking sole ownership of the venture. According to The Hollywood Reporter, Comcast-owned NBCU bought out the stakes of PBS and HIT Television Ventures in the kids' channel Sprout.
The network debuted in 2005 as a venture among Comcast, PBS, Sesame Workshop and HIT Entertainment. The 24-hour network focuses on children 2-5 years old and their caregivers.
"We see enormous potential in Sprout, and we are committed to our investment in the kids and family arena,” said Bonnie Hammer, chairman of NBCUniversal Cable Entertainment. “This acquisition furthers our strategy to create and deliver the very best content across all of our audiences.”
Shows on Sprout include "The Chica Show" and a library of shows including "Caillou" and "Sesame Street."