M&A Deal Summary

Chicken Soup Acquires Sonar Entertainment - Film and Television assets

On April 9, 2021, Chicken Soup acquired media company Sonar Entertainment - Film and Television assets from Halcyon Studios

Acquisition Highlights
  • This is Chicken Soup’s 1st transaction in the Media sector.
  • This is Chicken Soup’s 2nd transaction in the United States.
  • This is Chicken Soup’s 2nd transaction in New York.

M&A Deal Summary

Date 2021-04-09
Target Sonar Entertainment - Film and Television assets
Sector Media
Buyer(s) Chicken Soup
Sellers(s) Halcyon Studios
Deal Type Divestiture

Target

Sonar Entertainment - Film and Television assets

Los Angeles, New York, United States
Sonar Entertainment's Film and Television assets consist library of over 1,000 titles, over 4,000 hours of programming, ranging from classic shorts of Little Rascals, Laurel & Hardy, and Blondie (produced by Hal Roach Studios) to acclaimed epic event mini-series such as Lonesome Dove and Dinotopia (produced by RHI, Robert Halmi International). Sonar Entertainment's Film and Television assets are based in Los Angeles, New York.

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Buyer(S) 1

Buyer

Chicken Soup

Cos Cob, Connecticut, United States

Category Company
Founded 2014
Sector Media
Revenue 294M USD (2023)
DESCRIPTION

Chicken Soup operates video-on-demand networks delivering content for all types of screens. Chicken Soup was formed in 2014 and is based in Cos Cob, Connecticut.


DEAL STATS #
Overall 2 of 5
Sector: Media M&A 1 of 3
Type: Divestiture M&A Deals 1 of 1
State: New York M&A 2 of 3
Country: United States M&A 2 of 5
Year: 2021 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-06 Screen Media Ventures

New York, New York, United States

Screen Media Ventures LLC is a distributor of television series and films, licensing content through theatrical, home video, pay-per-view, free, cable and pay television, and subscription and advertising video-on-demand platforms. Screen Media Ventures was founded in 1999 and is based in New York City.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-24 Halcyon Studios

Los Angeles, California, United States

Halcyon Studios is a producer and distributor of television series, miniseries and movies. The Company's goal is to focus on quality content that connects and resonates with audiences around the world, in all formats, in a variety of genres, on all distribution platforms. Halcyon Studios was founded in 1979 and is based in Los Angeles, California.

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Seller(S) 1

SELLER

Halcyon Studios

Los Angeles, California, United States

Category Company
Founded 1979
Sector Media
DESCRIPTION

Halcyon Studios is a producer and distributor of television series, miniseries and movies. The Company's goal is to focus on quality content that connects and resonates with audiences around the world, in all formats, in a variety of genres, on all distribution platforms. Halcyon Studios was founded in 1979 and is based in Los Angeles, California.


DEAL STATS #
Overall 1 of 1
Sector: Media M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-03 Tricon Films & Television

Toronto, Ontario, Canada

Tricon is a media and production company that includes the kids series Counterfeit Cat, currently airing in the US on Disney XD, on Teletoon in Canada, on Hulu and in over 200 countries worldwide. Tricon also consists of properties currently in development including the children’s series Go Away Unicorn, for Disney and Corus, and the non-scripted series Texas Metal for Discovery and Food’s Greatest Hits for Scripps.

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