As part of the studio’s television growth strategy, Warner Bros. Television Group have announced that it has entered into an agreement to acquire all Eyeworks’ businesses outside the US, in 15 countries across Europe, South America, Australia and New Zealand, adding 13 new territories to its network of production companies. Once completed, the acquisition will strengthen Warner Bros.’ international television production capabilities and see Warner Bros. take over all of Eyeworks’ international distribution activities.
The announcement was made by Jeffrey Schlesinger, President, Warner Bros. Worldwide Television Distribution, Craig Hunegs President, Business and Strategy, Warner Bros. Television Group, Peter Roth, President and Chief Content Officer, Warner Bros. Television Group and Reinout Oerlemans, Founder and current Chief Executive Officer of the Eyeworks Group.
Founded in The Netherlands by Oerlemans in 2001, Eyeworks is a major international independent producer and distributor of scripted and non-scripted content across a range of genres, including entertainment, drama and film, which airs in more than 150 countries worldwide.
Kevin Tsujihara, Chief Executive Officer, Warner Bros. Entertainment said: "Our proposed acquisition of Eyeworks’ 15 local production companies, represents a significant next step in our strategy, further strengthening Warner Bros.' position in global television ."
Hunegs, Schlesinger and Roth added: “This is an important move for the Warner Bros. Television Group, as we establish local production companies around the world, each with a mandate to develop original local programming and adapt the output from the studio. We see Eyeworks as a strong complement to our existing US and international production capabilities."
This follows the acquisition in 2010 of Shed Media, one of the leading production companies in the UK, and in 2011, BlazHoffski in The Netherlands and Belgium.
The acquisition of Eyeworks is expected to be complete later in 2014, subject to regulatory approvals.
DTG Staff | 12.02.2014