Sphere Media Acquires Abacus Media Rights for $18 Million

The Canadian producer expands its global distribution network through a strategic partnership with Bell Media.

The acquisition deal is valued at CAN$24.6 million (US$18 million) and is expected to close in mid-August.
Abacus Media Rights will be rebranded as Sphere Abacus Media Rights after the acquisition.
The UK-based sales and acquisitions team of Abacus will remain in place, led by Jonathan Ford.
Sphere Media aims to enhance its distribution capabilities and explore new creative collaborations.
The deal follows Sphere Media's recent strategic refocus on TV distribution over international film sales.