Please wait...
Please wait...
Club C21

Kew Media acquires Sienna Films

Cardinal is set for two more seasons on CTV

Kew Media Group (KMG) has acquired Sienna Films, the Toronto-based production company behind series including Cardinal, Ransom and Combat Hospital.

KMG, which has continued its spree since launching earlier this year with a swoop on 10 companies, has paid US$3m for Sienna, which was set up 25 years ago by independent producers Jennifer Kawaja and Julia Sereny.

Sienna crime drama Cardinal is heading into two more seasons following a renewal from Canada’s CTV and pick-ups from Hulu for the US and BBC4 in the UK, while Ransom is in production on a second for Global Television.

Aside from these shows, the firm is known for Combat Hospital, which aired on Global and ABC, and before that the miniseries Diamonds, plus movies such as Touch of Pink and How She Move.

KMG, which last month took a stake in UK-based producer Awesome Media & Entertainment and distributor TCB Media Rights, has paid US$2.58m in cash and US$420,000 in stock for Sienna, representing 2.7 multiple on the firm’s estimated EBITDA of US$1.1m. It will pay as much as US$3m more contingent on performance targets.

“Jennifer and Julia have built an exceptional company through creative and innovative work and have proven time and again the ability to develop and deliver quality content,” said KMG CEO Steven Silver. “We welcome these two truly great professionals into our group.”

“As independent content producers who have devoted our careers to compelling and meaningful stories for a range of audiences, the opportunity to be part of Kew Media’s strong international platform is extremely exciting,” said Sienna’s co-founders in a joint statement.

Please wait...
FA
Send us your news by
clicking here

related content

C21Media.net is…

All about content in the 21st Century, from TV to web, mobile, tablet and beyond. C21Media is considered Home to The International Entertainment Community.

Free news alerts

From the daily C21Media newsfeed to weekly genre focused e-publications. Register to receive the latest news and analysis to your desktop or mobile device.

Subscribe to C21

Paid subscriptions give access to exclusive news, unique resources and specialist content areas. Click here to read more and subscribe online.

Sharing access

Our terms and conditions strictly prohibit the sharing of subscriptions and abuse can lead to prosecution. Click here for more information on our multi-user packages.

C21 everywhere

C21Mobile is a tablet / smartphone app available for iPad and iPhone with an Android version set to follow. You can also follow us on Twitter and Facebook.

Contact C21

C21 Media Limited
2nd Floor, 148 Curtain Road
London EC2A 3AT
+44 (0) 20 7729 7460
c21media.net
[email protected]