Rtl-owned production and distribution giant Fremantle, which has two films in competition in Venice, has entered exclusive negotiations to buy Italy’s Lux Vide, the prominent TV production company behind, most recently, the high-end “Medici,” “Devils” and “Leonardo” skeins.
Sources have confirmed to Variety a report in Italian financial daily Il Sole 24 Ore that Fremantle, which already owns two other Italian production companies — Wildside and The Apartment, the shingle behind Paolo Sorrentino’s “The Hand of God” and “America Latina” by the D’Innocenzo brothers — is in advanced talks to buy Lux.
Fremantle and Lux Vide declined to comment on Friday.
The two companies have entered exclusive negotiations which, if all goes well, will take some time to close. The Fremantle/Lux deal is not expected to close this month, as Sole reported, but rather by year’s end. The sale is being managed by global investment bank Gca Altium.
Sources have confirmed to Variety a report in Italian financial daily Il Sole 24 Ore that Fremantle, which already owns two other Italian production companies — Wildside and The Apartment, the shingle behind Paolo Sorrentino’s “The Hand of God” and “America Latina” by the D’Innocenzo brothers — is in advanced talks to buy Lux.
Fremantle and Lux Vide declined to comment on Friday.
The two companies have entered exclusive negotiations which, if all goes well, will take some time to close. The Fremantle/Lux deal is not expected to close this month, as Sole reported, but rather by year’s end. The sale is being managed by global investment bank Gca Altium.
- 9/3/2021
- by Nick Vivarelli
- Variety Film + TV
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