Telenet has upped its stake in production company Caviar Group from 49% to 70%.
The Flemish cablenet and broadband provider will now fully consolidate the company into its financials figures from October 1. Caviar Group will continue to function as an independent content studio and the day-to-day management of Caviar remains in the hands of the current leadership team.
Formats such as Code van Coppens (The Way Out) and Down The Road have been sold to broadcasters in the Netherlands, Poland, Denmark and the Middle East. There were international remakes of Professor T (pictured) for ITV and, most recently, Bad Sisters (based on Clan) for Apple TV+.
John Porter, CEO Telenet: “We absolutely believe in the continued growth of Caviar. We found each other a year and a half ago in a shared vision of the international potential of our local talent and content. Caviar has a proven track record in creating content that also scores well internationally. We have been impressed by their results over the past 18 months and robust pipeline going forward. This helped us decide to increase our stake in the company to 70%.”
Telenet has been investing in the media sector for a number of years through its involvement in Woestijnvis and SBS (Play4, Play5, Play6 and Play7).
