Sony Pictures TV to Acquire Industrial Media, Production Company Behind ‘American Idol,’ in $350 Million Deal
Todd Spangler NY Digital EditorSony Pictures Television sealed a deal to acquire Industrial Media, a major nonfiction TV production company whose portfolio includes “90 Day Fiancé,” “So You Think You Can Dance” and “American Idol.”The deal values Industrial Media at $350 million. Upon closing, Sony Pictures will acquire a majority controlling interest in Industrial Media but the studio declined to reveal its ownership percentage.Industrial Media’s production shingles include 19 Entertainment, B17 Entertainment, House of NonFiction, Sharp Entertainment, the Intellectual Property Corporation (IPC), This Machine Filmworks, This Radicle Act and Trilogy Films.The company companies produce more than 100 programs distributed worldwide in genres including documentary, music competition and reality categories.