More Broadcast M&A: KIT Digital Buys MAM Provider Brickbox Digital Media

Posted by Joe Zaller
Sep 24 2010

IPTV asset management technology supplier Kit Digital announced today that it has acquired privately-held Brickbox Digital Media for $10.1m in cash and stock. 

In addition to the upfront purchase price, the deal also includes an earn-out provision whereby Kit Digital will pay Brickbox shareholders 10% of forward revenues from Brickbox over a four-year period, subject to a $20 million annual revenue threshold for each year and certain profitability thresholds.

This is the third acquisition Kit Digital has made this month.  Just before the IBC show, the company announced that it had purchased both UK-based systems integrator Megahertz from Canadian parent Azcar, and Accela Communications, a provider of software and services aimed at the production, delivery and measurement of interactive IP-based video content.

Based in the Czech Republic, Brickbox provides asset management solutions that act as an intermediary between content owners and distributors, offering products and services that include mezzanine file management, localization, digital cinema mastering, and authoring of media for replication.

Brickbox which has  approximately 85 employees in its main Prague and Sofia offices as well as additional staff in the U.S., UK, Bulgaria, Hungary, Poland, Romania and Slovakia, earned a profit of $1m on $12m of revenue over the past 12 months. The company’s clients include 20th Century Fox Entertainment, Warner Home Video, Universal Studios, and numerous European content distributors.

Kit Digital chairman and CEO Kaleil Isaza Tuzman  said that Brickbox was “a choice acquisition for us which we had our eyes on for some time, extending our capabilities and commercial reach in premium content management and services for the major and ‘mini-major’ Hollywood studios.”

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You can read Kit Digital’s full press release about the purchase of Brickbox here.

You can read the full press release about Kit Digital’s purchase of Accela and Megahertz here.

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