Broadcast News

Bookmark and Share

Liberty Completes First Stage of IDT Acquisition

Liberty Media Corporation has completed the first stage of the acquisition of IDT Corporation’s Entertainment division, parent of Anchor Bay Entertainment.
The deal encompasses all of IDT Entertainment’s US operations and several international operations. The remainder of the deal, to include the Canadian and Australian operations, is expected to be closed in the next few weeks after regulatory approval has been given.
IDT’s Entertainment Division will come under the Starz Entertainment Group subsidiary.
Liberty President and CEO Gregory B. Maffei commented: “Joining IDT Entertainment and Starz will allow both to benefit and grow as part of an integrated media organisation with substantial programming production capabilities and access to all distribution outlets. This transaction advances our strategy of converting passive assets into operating business units.”
Jim Courter, CEO at IDT Corporation added: “In a few short years, IDT Entertainment grew from a start-up to a producer and distributor of first class animated and live action rogramming. The next phase of its development will be directed by Liberty Media, a company with a record for realising the potential of media and entertainment assets."
Liberty Media Corporation is a holding company owning interests in a broad range of electronic retailing, media, communications and entertainment businesses.
Promotion Hire

Top Related Stories
Click here for the latest broadcast news stories.

London Entertainment Week Announces Key Partnerships With NAB And More
i2i Events Group Ltd, organisers of BVE, a broadcast and production event in the UK, has announced a host of launch partners for London Entertainment
ITV chooses AP Entertainment
AP Entertainment now provides all four ITV channels with entertainment programmes, confirming its position as not only the world's leading entertainme
CR Entertainment Creates Branded Entertainment Role
A London and Dublin-based multi-platform producer best-known for creating and producing Bebo's Sofia’s Diary, the first UK internet drama to crossover
Music Entertainment Formats Go Far And Wide At Zodiak Entertainment
Zodiak Entertainment has announced sales of its popular music entertainment formats to CEE, Turkey, the Middle East and Australia in the run up to DIS
Zodiak Entertainment Appoints Jorg Roth As COO Of Central Entertainment Division
The global content business of DeAgostini Group, Zodiak Entertainment, has appointed Jorg Roth as Chief Operating Officer (COO) of Entertainment. Roth
Eagle Rock Entertainment And Fremantlemedia Enterprises Ink Home Entertainment Music DVD Distribution Deal At MIPCOM
Eagle Rock Entertainment and FremantleMedia Enterprises (FME) has announced the signing of an output deal by which FME will release all new music DVD
New Creative Appointments To Improve BBC Vision
Jon Beazley is to take the top job in BBC entertainment production as Controller, Entertainment Group for BBC Vision Studios, with Karen Smith becomin
Aspen Media Demonstrates Audio-over-IP At BVE
As more and more companies in Live and Broadcast make the move to Audio-over-IP, essential tools designed for the AoIP environment are in demand. Dist
Nexidia Names Tim Murphy Senior Product Manager
Nexidia has announced it has hired Tim Murphy as a senior director of product management for the media and entertainment business unit. Murphy will le
IDT CORPORATION, a multinational telecommunications company, have announced the creation of TV.TV, the company’s new business unit that plans to deliv
Microsoft To Showcase Advanced Media Platform Technologies at IBC 2007
At IBC 2007, Microsoft Corp. will showcase its advanced media platform technologies and broad partner ecosystem that enable media and entertainment co
Signiant Joins HP Developer & Solution Partner Progamme
Signiant, a leading developer of digital media distribution management solutions (DMDMS) for the telco, media and entertainment industries, has announ
Shaw Media Acquires ITV Studios Global Entertainment's Prime Suspect For Canada
ITV Studios Global Entertainment has sold the brand new US version of Prime Suspect to Shaw Media, one of the largest broadcasters in Canada. The ITV
ITV Global & Acorn Media Announce USA Home Entertainment Agreement
ITV Global Entertainment has announced the conclusion of its largest deal to date with Acorn Media US, one of the leading independent home entertainme
FremantleMedia Enterprises And Acorn Media Group Forge Home Entertainment Distribution Deal
FremantleMedia Enterprises (FME) has announced an agreement with Acorn Media Group to handle the home video distribution of more than 30 of FME's clas