AMC has sold its playout business DMC to London-based TVT, a broadcast services firm whose client list includes the BBC, Netflix, A+E Networks and Scripps Networks.
DMC provides major media and content brands, including Fox Networks Group, Liberty Global and Sony Pictures with cloud-based logistics and distribution services and will join the TVT family with immediate effect.
TVT says the acquisition will allow it to “handle the many complexities broadcasters, studios and other content owners face today in operating in an increasingly globalised marketplace” while increasing both companies’ global reach.
As part of today’s deal TVT and DMC will provide content management and playout services for a significant portion of AMC Networks International’s channels across Europe.
“We welcome the DMC team to the TVT family and are excited that our combined heritage, expertise, and values will, effectively, create a new global content services powerhouse, equipped to tackle the ground-breaking changes taking place in media and entertainment,” said Ian Brotherston, CEO of TVT.
“Together we have the unique, end-to-end capabilities to support our customers throughout their content journey, enabling them to meet the expectations and demands of today’s digitally-savvy consumers by enhancing the viewer experience and driving the future of next generation entertainment.”
Steve Pontillo, AMC Networks CTO, added: “AMC Networks International believes that DMC’s employees and customers will benefit tremendously from being part of a company whose focus is within the content services sector.
“We are therefore pleased to see DMC become part of TVT, a trusted and innovative content services organisation with a strong passion and track record in the media and entertainment industry”