LONDON -- AMC/Sundance Channel Global, the international channels division of AMC Networks, has inked a deal to buy KinoweltTV, a basic pay TV channel distributed throughout Germany, Austria and Switzerland. The linear channel airs a range of classic and contemporary films.
The acquisition expands AMC/Sundance Channel Global's European presence with full distribution across all platforms in German-speaking Europe. The transaction is subject to regulatory approval.
KinoweltTV's existing management will join the AMC/Sundance Channel Global team, which is led by Bruce Tuchman, prexy of AMC/Sundance Channel Global and MGM Channel Global. Achim Apell will continue to be KinoweltTV's managing director.
Tuchman stated, "The acquisition of KinoweltTV is an important moment for AMC/Sundance Channel Global as it increases its international footprint, and provides widespread distribution across all major platforms throughout German-speaking Europe."
Apell stated: "We are convinced that our audience as well as our distribution partners will benefit from the effects caused by this acquisition, and that after 10 successful years of broadcast we've chosen the best possible international partner to take our business to the next level."
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