Paris-based production outfit Lagardère Studios has expanded its global footprint with the majority stake acquisition of Dutch indie Skyhigh TV.
Skyhigh was founded in 1999 and specializes in the production and distribution of entertainment, factual and documentary programs. It is owned by its three founding shareholders: Marc Dik, Wilfred Drechsler and Bernard van den Bosch.
The largest indie television producer in the Netherlands, Skyhigh produces 35 series per year, including such successful projects as The Bully Project, Model in One Day and Teen Mom Celebrity Support.
Lagardère’s stake in Skyhigh follows the company’s acquisitions of Spain’s Grupo Boomerang TV in 2015 and Finland’s Aito Media Group in October.
Financials of the deal were not disclosed.
“The Netherlands is the third largest exporter of TV formats in the world,” said Lagardère Studios president Christophe Thoral (pictured) in a statement.”Our acquisition of Skyhigh TV naturally serves to further our strategy for international growth, but it will also accelerate our policy of creating and circulating formats among our various structures.”
“It is an exciting prospect to share in the creativity of the wider Lagardère group and to keep developing our own inspiring formats in addition,” added Skyhigh TV CEO Bernard van den Bosch. “Lagardère Studios is established as an integral and leading contributor in the world of fiction, which perfectly fits Skyhigh TV’s strategy for the future.”