ViacomCBS Fully Acquires Israeli Pay-TV Company Ananey

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ViacomCBS Networks International (VCNI) has announced that it has completed a full buyout of Israeli pay-TV operator and producer Ananey Communications Group after first investing in the company in…

Ananey will be consolidated into ViacomCBS’s international business, with CEO Orly Atlas-Katz now reporting to Maria Kyriacou, the president of VCNI’s operations in Australia, Israel and the UK. Financial details were not disclosed.

Additionally, Ananey’s founder and chairman, Udi Miron, will stay on as an advisor to the company. He will also be a general partner at a newly formed media venture capital fund, Gazella – New Media Experience, which he and VCNI will invest in. VCNI president and CEO David Lynn said: “This deal is a logical next step to cement and enhance the long-standing and valuable partnership we have with Ananey and to secure and scale our position in the Israeli market. Ananey is a well-established and successful producer of local and global content and it is a strong fit with the rest of our international networks and studios business.

ViacomCBS and Ananey have been long-term partners. As well as running six local pay-TV stations, Ananey also operates under license local versions of MTV, Comedy Central, Nick Jr. and Nickelodeon. As a producer, it is best known for teen drama,and keep your inbox happy.

 

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ViacomCBS Acquires Full Control of Israeli TV Company AnaneyThe studio international networks division, led by CEO David Lynn, nabbed the majority stake in the Israeli media player it didn't already own.
Source: THR - 🏆 411. / 53 Read more »