Peter Rabbit Britain city Columbia show exclusive information Sony google Provident Enterprise Peter Rabbit Britain city Columbia

Sony Writes Down Value Of Silvergate By $50M After Acquiring ‘Peter Rabbit’ Producer For $195M

Reading now: 891
deadline.com

EXCLUSIVE: Sony Pictures Television has taken a £39.7M ($50.5M) hit on Silvergate Media, the Peter Rabbit producer it acquired for $195M in 2019.

Sony declared the impairment in accounts for Columbia Pictures Corporation Limited, the parent company for its operations in the UK, where Silvergate was founded in 2011.

Columbia Pictures Corporation did not provide reasons for the impairment and Sony declined to comment when approached by Deadline.

Kids TV is enduring something of a crisis in the UK, where key players have been hit by waning traditional TV audiences, a sharp rise in production costs, and declining commercial opportunities to sell shows around the world.

Read more on deadline.com
The website starsalert.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA