Liberty Global acquires stake in STX Entertainment

Friday 1 December 2017 | 12:05 CET | News
The Liberty Global group has invested an undisclosed amount in STX Entertainment, the US film and TV producer behind the hit "Bad Moms" movies. The deal values the three-year-old studio at around USD 1.5 billion, according to unnamed sources cited by the LA Times. Bruce Mann, chief programming officer of Liberty Global, will join STX's board of directors alongside executives from other investors including Chinese internet giant Tencent, Hong Kong telecom firm PCCW, producer Gigi Pritzker and East West Bank Chairman Dominic Ng.

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Categories: Broadcast & Satellite
Companies: Liberty Global / PCCW / Tencent
Countries: World
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