Sport1 Medien Sells PLAZAMEDIA Stake

Sport1 Medien has sold PLAZAMEDIA, a sports and entertainment content solutions provider, to DMC Production.

Jens Friedrichs will continue in his role as managing director of PLAZAMEDIA now that the transaction, financial details for which were not disclosed, is complete.

Robin Seckler, co-CEO at Sport1 Medien, commented, “We are delighted to have found the ideal long-term partner in DMC Production for this transaction. We are confident that PLAZAMEDIA will be in the best possible hands and will continue its successful path under DMC Production’s ownership. At the same time, we consistently pursue the strategic repositioning of Sport1 Medien and sharpen our focus on core business areas.”

Friedrichs added: “We are proud of what we have achieved as part of the Sport1 Medien Group and are very grateful for the trust and support over the years. Joining DMC Production opens exciting new opportunities for us to further expand our content offering and reach new audiences. We look forward to continuing our successful journey, now as part of an international media group with a strong strategic vision.”

Paul Henriksen Heitmann, CEO of DMC Production, commented, “PLAZAMEDIA is an excellent strategic fit for us. With its strong track record in sports and entertainment content, PLAZAMEDIA perfectly complements our international portfolio. The acquisition enlarges our footprint in the largest TV production country in the mainland of Europe and follows the strategy of offering modern, cost-effective solutions to our clients. We look forward to working with the experienced team and jointly driving innovation and growth in a dynamic media landscape.”