NBC Universal Buys U.K.’s Carnival Film & Television

Aug 20, 2008  •  Post A Comment

NBC Universal had made an agreement to acquire U.K. independent production company Carnival Film & Television.
Carnival is the first acquisition by NBC Universal’s International TV Production division as the company moves to expand its production presence outside the U.S.
NBC Universal has agreed to pay £30 million ($55.8 million) for the production company, according to the Guardian, and will have 100% control.
Carnival, founded in 1978, has produced 400 hours of TV and film titles, including “Traffik,” “Hotel Babylon,” “Jeeves and Wooster,” “Harley Street,” “ The Grid” and “Poirot.”
NBC Universal’s acquisition includes library rights to Carnival titles and distribution rights currently held by shareholder Southern Star.
“International growth is one of our key strategic priorities, and that includes boosting our ability to create programming for specific local audiences around the world,” Jeff Zucker, president and CEO of NBC Universal, said in a statement Wednesday. “This acquisition will jump-start our efforts in the very important U.K. market. Carnival has a great track record, and we are excited about helping this first-class operation become even more successful.”
“I am excited to bring the company into the global brand that is NBC Universal under this groundbreaking deal, which offers great strategic opportunities for Carnival and all the talent who work with us,” said Carnival CEO Gareth Neame. “As a unique production model in the U.K., I believe we will have so much to bring to our broadcaster relationships and the creative community. Equally, as a production base for NBC Universal outside of North America, we will be an important asset for our new parent.”
The signed agreement is expected to close following receipt of customary regulatory approvals. Carnival then will be merged into NBC Universal’s International TV Production division, headed by President Angela Bromstad.


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