Night Train Media Buys Swedish Distributor Eccho Rights From Korea’s CJ ENM (EXCLUSIVE)
Manori Ravindran International EditorGerman investment and co-production outfit Night Train Media has fully acquired Swedish distributor Eccho Rights, buying Korean media group CJ ENM’s majority stake in the business in the process, Variety can reveal.The Stockholm-headquartered Eccho Rights is best known for a rich catalogue of Turkish content — which travels extremely well internationally — as well as Scandinavian, Western European and Korean programs. CJ ENM bought a majority stake in the company in December 2018 as part of a drive to expand in Europe, but has now fully sold that stake into Night Train Media.The deal for Eccho comes almost exactly a year after Night Train Media, which is backed by private equity company Serafin Group, bought a majority stake in Paul Heaney’s London-based distribution outfit BossaNova.