CME buys Czech Bontonfilm for USD 11 million

Newsroom 01/07/2011 | 09:39

Central European Media Enterprises Ltd, a CEE media company which owns in Romania TV stations Pro TV, Acasa TV, Pro Cinema, Pro TV International, Pro TV Chisinau, and MTV Romania, announced it bought 100 percent of the shares of Bontonfilm from Bancroft Private Equity, LLP and minority shareholders.

Bontonfilm is a film, home entertainment, digital and television rights distribution company with operations in the Czech Republic and Slovak Republic.

Total cash consideration for the transaction was USD11 million and additional cash consideration currently estimated at a maximum of USD 1.5 million may be payable to the sellers in December 2011, depending on the OIBDA achieved by Bontonfilm for 2010, the amount of cash and working capital in the business at closing and the satisfaction of certain other indemnification obligations.

CME is a vertically integrated media company operating broadcast, content and new media businesses in six Central and Eastern European countries with an aggregate population of approximately 50 million people. CME’s television stations are located in Bulgaria (bTV, bTV Cinema, bTV Comedy, bTV Action and Ring.bg), Croatia (Nova TV, Doma and Nova World), the Czech Republic (TV Nova, Nova Cinema, Nova Sport and MTV Czech), Romania (PRO TV, PRO TV International, Acasa, PRO Cinema, PRO TV Chisinau, Sport.ro and MTV Romania), the Slovak Republic (TV Markíza and Doma) and Slovenia (POP TV, Kanal A and POP Brio). CME is traded on the NASDAQ and the Prague Stock Exchange.