SPI's Kino Polska TV S.A. takes over Zoom TV's broadcaster in Poland
Kino Polska TV S.A., a unit of SPI International said on Thursday, December 14th 2017 it would become the sole shareholder of the Cable Television Networks & Partners company buying up 236 shares for the price of PLN 10 million ($2.8 mln) from the Polish Chamber of Electronic Communication. In result KP TV S.A. will own 100% of the share capital of the company which operates the state-issued license for broadcasting the terrestrial television channel Zoom TV.
Bogusław Kisielewski, Chairman of the Board of Kino Polska TV S.A., explained the transaction had been planned for some time as an element of the strategic development of the Kino Polska Group.
“We truly appreciate and value our cooperation with PIKE, our long-term partner, with whom we have managed to develop so many valuable synergies in a relatively short time, especially in the area of distribution and production of unique content,” Bogusław Kisielewski explains.
Kino Polska Group is planning to transform Zoom TV into a multiplatform brand which shall become an excellent supplement to the film offer in the Group’s portfolio in interaction with both Kino Polska and FilmBox brands. Following the acquisition of CTN&P Kino Polska will continue to grow and diversify its portfolio while reinforcing its position of one of the key players in the Polish television market.
“Once again we thank PIKE and the PIKSEL Foundation for great cooperation and invaluable support provided while applying for the broadcasting license and during the still ongoing process of building our reach,” says Bogusław Kisielewski.
Zoom TV is a new nationwide Polish universal channel with a unique programming grid designed to appeal to all viewers. The channel programming offer includes movie hits with top casts, exhilarating TV series, interesting documentaries and current news from the regions. Zoom TV is available on MUX-8 DTT (position 39) and also on cable networks and DTH platforms throughout Poland.