Night Train Media Takes BossaNova Majority Stake

Herbert L. Kloiber’s Night Train Media (NTM) has acquired a majority stake in BossaNova, the factual distribution company set up last year by Paul Heaney and Dina Subhani.

With the new alliance, BossaNova gains access to an acquisition fund, bolstering its efforts to co-create and co-finance projects and match producers with appropriate platforms and broadcasters. The venture held its first BossaNova Development Day earlier this year with 30 producers pitching more than 75 new projects to 50-plus buyers and commissioners from 35 channels and platforms.

Heaney and Subhani previously built TCB Media Rights into a leading non-scripted distribution and co-production outfit, becoming part of Kew Media Group in 2017. They founded BossaNova in October of last year after the sale of TCB to Beyond International following the collapse of Kew Media. Their slate already includes more than 650 hours of content from CJZ and Greenstone.

“We feel we have met the perfect commercial and creative partners for BossaNova in NTM,” said Heaney. “With its Serafin backing it has the necessary financial stability and integrity to assure we can grow BossaNova across the long term, not just the short, and get projects off the ground and on-screen, coupled with a dedication to creating excellent content. Herbert and his team are TV people first and foremost, with the necessary business acumen to ensure resources are available. It’s a partnership that promises great things.”

Kloiber, CEO of Night Train Media, added, “As NTM continues to diversify and dive into the factual space, we are thrilled to have found BossaNova. Paul’s track record building distribution assets, his market standing and vision are second to none. We are hugely excited to be working together and to mark this exciting chapter in NTM’s expansion with the BossaNova team.”