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Bell Media Acquires Majority Stake In Sphere Abacus: Distribution Move Comes Alongside 'Northern Lights' Programming Push

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Bell Media has bought a majority stake in distributor Sphere Abacus. Revealing the deal to Deadline, Bell Media President, Sean Cohan, said it is part of a wider content and distribution push and an initiative to create more internationally successful content with a Canadian flavor.
Bell Media has acquired a majority stake in Sphere Media, a prominent Canadian production company, and Abacus Media Rights, its distribution arm, as part of a strategic move to bolster its content offerings. This acquisition aligns with Bell Media's "Northern Lights" initiative, aimed at enhancing Canadian content production. Sphere Media, known for producing shows like "Transplant" and "The Moodys," will now have increased resources to expand its production capabilities. The deal also includes Abacus Media Rights, which will continue to distribute content globally, ensuring that Canadian stories reach international audiences. This move not only strengthens Bell Media's position in the Canadian media landscape but also supports the growth of local talent and content on a global scale.

Read the Full Deadline Article at:
[ https://www.msn.com/en-us/entertainment/tv/bell-media-acquires-majority-stake-in-sphere-abacus-distribution-move-comes-alongside-northern-lights-programming-push/ar-AA1BHQj2 ]