London-headquartered Content Media Corporation has entered into an exclusive agreement with the joint administrators of Target Entertainment and subsidiary Minotaur International.
While Content will not be acquiring the assets or business of either company, it will work with administrator BDO to provide distribution for titles within the Target and Minotaur catalogs, subject to producer and rights holder consent.
The aim, according to Content, is to begin the process in time for the upcoming MIPTV market in Cannes, and the sales follow-up thereafter. The company says producers interested in finding out more should contact it via Vicky Ryan, its director of sales and contract administration, who will be managing the transition process within Content.
Target was placed into administration by its owners Metrodome Group in late February.
“We are well known to many of [Target and Minotaur's] producers and look forward to the opportunity to introduce our experienced distribution capabilities to many others,” said Greg Phillips, president of Content Television. “Our role is to help producers transition the ongoing distribution from the companies to Content as quickly and efficiently as possible and to then look to maximize the ongoing cash flow from that distribution.”
Content incorporates three divisions: Content Television, with offices in London, LA and Toronto; Content Digital; and Content Film, which owns a minority stake in film distributor Phase 4 Films and a majority stake in factual entertainment prodco Collins Avenue.