According to the terms of the deal, from August 1 SPI will fully own the Film1 brand and operate four pay movie services brands under the Film1 umbrella, namely Film1 Premiere, Film1 Drama, Film1 Action and Film1 Family. It will continue to offer both linear channels as well as its digital services in the Netherlands.
Film1 currently offers Dutch and international productions on its movie channels, which are available on various cable, DTH and IPTV platforms.
Commenting on the transaction, Berk Uziyel, CEO of SPI International, said: “We are delighted to announce the acquisition of Film1 brands in the Netherlands. SPI has been providing premium movie services for hundreds of operators in 45 countries for over 20 years. As the Home of Good Movies, SPI continuously strives to bring the best and most compelling content to its viewers around the world. Through the addition of the Film1 brands to our diverse suite of linear channels and state of the art services, we are proud to share our extensive selection of premium content with all movie lovers in the Netherlands”.
Broadband TV News first reported the upcoming takeover of Film1 by SPI last week.