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Metrodome in talks to sell Target

Film distributor Metrodome Group is in talks to sell off Target Entertainment, 18 months after it acquired the UK-based indie. (pictured: Tamara Ecclestone: Billion $$ Girl, which Target distributes)
February 14, 2012

Film distributor Metrodome Group is in talks to sell off Target Entertainment, 18 months after it acquired the UK-based indie.

Metrodome acquired Target’s rights businesses for £800,000 (US$1.26 million) in August 2010, including its distribution and consumer products teams, and its film and entertainment production labels, Pink Sands and Target US.

At the time, Metrodome chairman and CEO Mark Webster promised to “significantly invest in the company,” with a total spend of £3 million. “Target Entertainment is a perfect fit, which we predict will double our revenue and the size of the business within a short space of time,” he said at the time.

However, in a statement issued today, Target confirmed discussions for its sale were underway. “We are in talks with various parties about our future ownership and will make a formal announcement at the appropriate time,” it said.

Among the factual titles distributed by Target Entertainment are T Group Production’s Storage Hunters, Twofour Broadcast’s Tamara Ecclestone: Billion $$ Girl, and Raw Cut’s Police Interceptors. Target yesterday unveiled a number of deals for the latter title.

About The Author
Daniele Alcinii is a news reporter at realscreen, the leading international publisher of non-fiction film and television industry news and content. He joins the rs team with journalism experience following a stint out west with Sun Media in Edmonton's Capital Region, and communications work in Melbourne, Australia and Toronto. You can follow him on Twitter at @danielealcinii.

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