Bell Media Acquires Majority Stake Of Global Content Distributor Sphere Abacus; No Financial Terms Disclosed
Benzinga Newsdesk 1 year ago
M&A
- Bell Media maintains its existing minority ownership in Sphere Media -- Sphere Abacus becomes primary international distributor of Bell Media's
- Bell Media maintains its existing minority ownership in Sphere Media -
- Sphere Abacus becomes primary international distributor of Bell Media's owned distribution rights -
- Acquisition to enhance the reach of Canadian content and creators with international audiences -
TORONTO, March 26, 2025 /CNW/ - Bell Media announced today that it has bolstered its existing partnership with Montréal-based Sphere Media by acquiring a majority stake in leading global content distributor Sphere Abacus, through parent company Sphere Media International. The acquisition serves as a launchpad for Bell Media's content distribution expansion, combining the strength of the two companies to accelerate growth and capitalize on new opportunities. Through Sphere Abacus, Bell Media is set to enhance the reach of Canadian content and creators with international audiences.