Newen Buys Majority Stake in Tuvalu Media Group

PARIS: Newen is taking a majority stake in the Dutch indie producer Tuvalu Media Group.

Tuvalu’s current shareholders are Taco Zimmerman, Duurt Holman and Douwe van der Werf and the Dutch private equity firm Karmijn Kapitaal. Zimmerman and van der Werf will retain a minority equity stake and will continue to manage the company. Tuvalu is active in entertainment, factual, scripted reality and scripted series. Its key titles include The First Years, My New Home, Maestro and Cover Me.

Tanguy de Franclieu, the managing director of Newen Studios, said: “Acquiring a majority equity stake in Tuvalu will allow Newen to complete its geographical footprint, alongside Newen Network, in a very creative market. We are very happy to implement this strategic alliance with Tuvalu founders who share with us a common entrepreneurial DNA and a strong focus on original quality creation. That partnership will enable both Newen and Tuvalu to best serve their respective clients.”

Zimmerman, CEO of Tuvalu Media Group, added: “The new partnership will strengthen the position of Tuvalu, both in our domestic market as well as internationally. We expect with Newen to boost Tuvalu as an international, creative content hub: both on the format as on the scripted market. It will grow our international network, will offer us a direct outlet in France and give the ability to invest more in creating new IP. We are both very much on the ball and have big ambitions for the future.”