Kew Media Group Enters Administration, Directors Resign


The wider operations of Kew Media Distribution (KMD) will cease with immediate effect, while a long-term solution is being finalized to transition or sell KMD’s content library, according to Simon Kirkhope and Andrew Johnson of FTI Consulting, who were appointed as joint administrators.

Pursuant to an order of the Ontario Superior Court, FTI Consulting has been appointed as receiver of the assets, undertakings and properties of Kew Media Group and Kew Media International. FTI Consulting is looking to sell all of the assets of Kew and distribute the proceeds to Kew’s creditors.

The firm said that there have been “strong expressions of interest” received for companies in the group, such as TCB Media Rights, but no interest in acquiring KMD, and as a result, KMD’s board and lenders “considered there was no reasonable prospect of KMD continuing as a going concern.”

Kirkhope commented: “It is encouraging that there has been a strong level of interest in parts of the group, including TCB Media Rights, that continue to trade normally outside of any insolvency process. We will work closely with the receiver of Kew Media Group to support as necessary on the strategic options for those parts of the group.

“As there were no potential purchasers for KMD specifically, we regrettably have no choice but to cease the wider operations of KMD immediately, resulting in a number of redundancies. We are working together with the relevant authorities to offer support to the employees affected.

“All customers and rights owners should continue to meet their contractual obligations to KMD, while a long-term solution is finalized to transition or sell KMD’s extensive library of content.”

KMD is part of the wider Kew Media Group, which continues to progress the sale of various assets that continue to trade as normal. Key assets include Media Headquarters Film & Television, 4East, Essential Media Group, Jigsaw Productions, Sienna Films, Our House Media, BGM, Essential Media Group, Awesome Media & Entertainment and TCB Media Rights. All of which are continuing their normal trading while options are evaluated.

All of Kew’s directors have resigned.