- Beyond International’s (BYI) Irish subsidiary, Beyond Entertainment, has now acquired 100 per cent ownership of two media production entities
- The company acquired the remaining share capital in 7 Beyond Media Rights and Seven West Studios (SSUK)
- 7 Beyond, a U.S. joint venture entity of Australia’s Seven Network, is developing new programming for the North American market
- SSUK, acquired from Seven Studios Holdings, will also assist Beyond to expand its international media production markets
- Beyond International shares are down 1.64 per cent, trading for 60 cents each
Beyond International’s (BYI) Irish subsidiary, Beyond Entertainment, has now acquired 100 per cent ownership of two media production entities.
The company did so by acquiring the remaining 50.98 per cent of share capital in 7 Beyond Media Rights, from Australia’s Seven Network. Beyond Entertainment also fully acquired the entire share capital of Seven West Studios (SSUK) from Seven Studios Holdings.
7 Beyond is a joint venture media production entity, based in Los Angeles, U.S. The joint venture was established in November 2013 in order to develop new programming for the North American market.
7 Beyond is currently producing Series 11 of ‘My Lottery Dream Home’ for HGTV, as well as several other titles. These include ‘Tiny Food Fight’ for Facebook Watch, ‘Holiday Gingerbread Showdown’ for Food Network, and ‘Hip Hop Houdini’ for Fuse.
In addition to a large number of pilots, 7 Beyond is in the advanced stages of developing a U.S. version of Channel Seven’s ‘Pooch Perfect.’
SSUK, which is based in the United Kingdom, represents Beyond Entertainment’s growing expansion into the British market. The company is currently producing a U.K. version of ‘Pooch Perfect’ for BBC One.
Beyond International’s CEO and Managing Director, Mikael Borglund, commented on the completed acquisitions of 7 Beyond and SSUK.
“We have an excellent relationship with Seven going back to 1984, with the production of the long-running science and technology series Beyond 2000 for the Network,” Mikael said.
“We are pleased to be able to conclude these transactions with Seven, which enables Beyond to enter the U.K. market with an established production company, and to expand our production capacity in the United States,” he said.
Beyond International shares are down 1.64 per cent, trading for 60 cents each at 1:05 pm AEST.