Triple buy broadens picture for DCD Media
A Soho media production company chaired by former Channel 5 boss David Elstein is poised for the big time after snapping up three television firms for £19m.
DCD Media is buying Prospect Pictures, September Films and West Park Pictures for a mixture of cash and shares.
Evolution Securities is leading a £12.5m share placing to fund the deals.
DCD is best-known for popular music and drama, including MTV shows and the Victoria's Secret Fashion Show.
It was also behind Wind in the Willows on the BBC earlier this year.
Prospect Pictures makes daytime lifestyle programmes, including cookery shows.
September Films specialises in factual programmes such as Hollywood Lives and Bridezillas, pictured.
West Park makes documentaries, and will release HIV & Me on the BBC later this year.
DCD chief executive Chris Hunt said: 'As a result of these acquisitions, DCD will begin to get on the radar of the larger media players.'
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