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108 Media plots more ‘major’ acquisitions after confirming DCD Media deal

DCD Rights handles Aussie Gold Hunters

Financier, producer and distributor 108 Media has completed its acquisition of UK indie DCD Media and is eyeing up further M&A activity.

DCD Media’s shareholders agreed the US$6.3m sale earlier this month. The deal covers all of DCD Media’s assets, including September Films, RIZE USA and DCD Rights, one of the UK’s leading distributors.

108 Media said it will deliver scale to support DCD Rights, which has a catalogue of more than 3,500 hours of programming, and enable the company to continue to expand internationally.

DCD Rights will continue to operate as an independent distribution company while growing its roster of productions, including dramas The Secrets She Keeps and My Life is Murder, as well as factual and entertainment franchises such as Aussie Gold Hunters, Bettany Hughes Treasures series, Penn & Teller: Fool Us and Bridezillas.

According to 108 Media, the acquisition is the first of “several major corporate acquisitions” being negotiated within the next 18 months.

Abhi Rastogi, CEO of 108 Media, said: “We could not be more proud. The purchase of DCD Media’s assets is just the start of our very exciting structural expansion of being first-tier coproduction specialists and adds to our vision of building a modern multi-faceted media company operating proudly at the nexus of the creative and corporate worlds.

“Empowering visionary creators, championing bold new voices and creating compelling internationally oriented content is at the forefront of our business and this only helps extend that further.

“Having our fully integrated cross-border and cross-cultural studio system already in place, the acquisition of DCD means we now have an impressive catalogue of content, additional production capabilities and a massive global distribution pipeline sharing our dynamic content.”

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