MCN M&A -- Another (Predicted) One Bites The Dust -- ZoominTV

The appetite for MCN-related M&A remains un-sated.  In the immortal words of Queen -- appropriate in this case of British MCN-ish company Zoomin.TV-- "another one bites the dust."  And, I mean that in the most positive way for Zoomin, since a controlling interest of 51% was just sold to Modern Times Group in a deal that values the company at nearly $100 million.  Variety identifies under-the-radar Zoomin (a company few in the U.S. video world know) as being, surprisingly, "the world's 5th largest multi-channel network."

This is another MCN-related M&A deal I just recently predicted -- calling Zoomin an MCN "ripe for M&A."  And, this most recent deal -- which follows fast on the heels of ProSieben's recent acquisition of a controlling interest in Collective Digital Studio -- is yet another sign that we likely have entered Wave 2 of MCN M&A.

I have come to know CEO Jan Riemens -- whom I just recently visited in Amsterdam -- and congratulate him and his team for a nice "win," which also better resources him grow the company at an accelerated pace (and share in further value creation down the road, since 49% was retained).