Anthem Sports & Entertainment has signed an agreement to acquire Canadian independent broadcaster Hollywood Suite.
Financial terms were not disclosed, but the deal brings together Hollywood Suite’s four linear networks and their accompanying on-demand services into a group that includes Game TV, Game+, Fight Network and AXS TV. Anthem also operates cable movie channel HDNet Movies and owns film distribution company Gravitas Ventures.
Hollywood Suite launched in 2011 and bills itself as “Canada’s largest pure-play movie service,” serving over 10 million homes through providers such as Rogers, Bell and Prime Video. Networks include HS70, HS80, HS90 and HS00, each featuring movies from their respective eras. The following series are also available: sword, ship accident And Blumhouse Encyclopedia of HorrorAnd, somewhat surprisingly, Mr. Bates v. Post Office.
If the deal goes through, David Caines, president and co-founder of Hollywood Suite, will continue to lead the company. The deal still needs approval from the Canadian Radio-television and Telecommunications Commission.
“Anthem is committed to delivering new and unique content to a broad and diverse fan base, and the acquisition of Hollywood Suites will help us advance that strategy significantly,” said Anthem Founder and CEO Leonard Aspel. “They have a proven track record of success and significant growth over the years. We are proud of their presence and look forward to working with David and the Hollywood Suite team to help them reach even greater heights.”
“With the passion and dedication we have for film, Anthem is the perfect partner for Hollywood Suites,” added Kinnes, CEO of Hollywood Suites. “Leonard and his team have demonstrated unparalleled dedication in supporting independent films and platforms like ours, bringing the best in cinematic content to our viewers and customers.”
“On behalf of the Board of Directors, I would like to thank all of our employees, whose dedication and hard work are responsible for the level of success we have achieved over the past 13 years,” said Jeff Sackman, Co-Chairman of the Hollywood Suites Board of Directors, and Co-Founder. “I also want to thank our shareholders for their continued support, who have supported our vision from the beginning. We look forward to working together to help Anthem lead the company into an exciting new era.”
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