FremantleMedia acquires Blu
FremantleMedia announces its investment in a further 25 per cent stake of production company Blu, taking its ownership to 100 per cent.
Blu is a market leader in Denmark and Sweden and FremantleMedia has held a majority stake since 2005.
Henrik Hancke Nielsen, founder, Blu said: “Blu is a highly creative market leader which has operated as part of the FremantleMedia global network for some years. We have enjoyed a very successful partnership over the years, and this investment is the final step towards bringing Blu into the FremantleMedia family.”
Blu has a long history of achievement in the development and production of entertainment formats. Hits for the company include well-known global formats such as X Factor (Syco), which has been Denmark’s highest rated show for the past three years. Blu was founded by Henrik Hancke Nielsen, the creator of the international TV successes The Big Class Reunion, Can You Duet, Spoofed and Welcome Home. He is now an executive producer at FremantleMedia North America.
Simon Spalding, regional CEO, Europe and Asia Pacific, FremantleMedia said: “Blu has gone from strength to strength, and we’re delighted to increase our investment in the company, making it a wholly owned part of FremantleMedia. This is a further demonstration of our absolute confidence in Blu’s continued ability to bring inspiring entertainment to audiences in Denmark, Sweden, and beyond.”
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