Sony Pictures Television has acquired Industrial Media in a $350 million deal as part of a push toward more nonfiction content.
“At SPT our focus is on leadership and quality in growing areas of television, and nonfiction content makes up a significant share of TV viewing,” Ravi Ahuja, Chairman of Global Television Studios and SPE Corporate Development, said in a statement. “Acquiring Industrial Media gives us scale and expertise that nicely complements our current TV production businesses. Eli, Aaron and their talented group of producers have consistently succeeded with high-quality series and documentaries. We can’t wait to get to work with them.”