International Courant
Canada’s Sphere Media has accomplished its C$24.6M ($18.2M) of UK-based distributor Abacus Media Rights. Going forwards, Abacus shall be often known as Sphere Abacus and act as Sphere’s gross sales wing.
Abacus founder and Managing Director Jonathan Ford will take up the identical position at Sphere Abacus, reporting on to Sphere CEO Bruno Dubé.
Sphere had struck the deal to purchase Abacus — which sells the likes of Leaving Neverland, Travels With Agatha, Scrublands and Sphere’s Kind Of — again in June. Abacus had rapidly carved out a repute as a key mid-sized distributor after launching in early 2020, simply because the Covid-19 pandemic hit Europe.
The plan for Sphere Abacus going forwards is for it to work with Sphere’s manufacturing enterprise and proceed to spend money on, pre-sell and promote scripted and unscripted productions from indie producers. The corporate will stay in London and structurally little will change.
“We’re extraordinarily happy to now be a part of Sphere Media, an organization with a terrific repute and a line-up of unimaginable programming,” stated Ford, who launched Abacus after exiting his Head of Gross sales publish at Kew Media Distribution. “Our two corporations are significantly complementary, and we’re very a lot wanting ahead to working nearer with the sensible producers at Sphere, enabling their programming to have even higher world success.”
“Sphere Media is acknowledged as a producer of high-quality productions each in Canada and internationally,” stated Dubé. “This important improvement for our firm implies that our world capabilities have prolonged additional and deeper. Along with Sphere Abacus now we have turn into an exceptionally efficient pressure within the worldwide content material market.”
Sphere has places of work in Montreal, Quebec, Toronto and London.
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