Magazine article Screen International

MTG Completes DRG Acquisition

Magazine article Screen International

MTG Completes DRG Acquisition

Article excerpt

Broadcaster Modern Times Group has acquired British distributor DRG for an undisclosed sum.

As part of the acquisition, Jeremy Fox [pictured] returns to the distributor as chief executive with immediate effect while DRG group managing director Jonathan Jackson will leave the business.

The rest of the management team, including senior vice president of sales Patrick Roberts, managing director of acquisitions and formats Andrea Jackson and Anke Stoll, head of scripted acquisitions and development, will remain at the business.

The deal for The Inbetweeners, Doc Martin and Catch Phrase distributor is believed to be worth around £18m, as first reported by Broadcast last month. MTG, which operates the Viasat portfolio of channels, is thought to have beaten Sky to the acquisition, with the News Corp-backed company thought to have bid around £12m. …

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