Anthem Sports & Entertainment acquires Hollywood Suite, doubling Canadian channel offerings

Sep 25, 2024•11 months ago

Acquiring Company

Anthem Sports & Entertainment

Acquired Company

Hollywood Suite

Toronto

TorontoSportsVideoContent And PublishingMedia And Entertainment

Description

Anthem Sports & Entertainment, Inc., the parent company of TNA Wrestling, has reached an agreement to acquire Hollywood Suite, the largest pure-play movie service in Canada. With this acquisition, Anthem aims to double its Canadian channel offerings and provide diverse and culturally relevant entertainment to a wide and diverse network of passionate fanbases.

Company Information

Company

Anthem Sports & Entertainment

Location

181 UNIVERSITY AVENUE, SUITE 1410

Toronto, Ontario, Canada

About

Anthem Sports & Entertainment’s mission is to create and distribute content serving passionate communities across multiple platforms. We also aim to provide a great life and work experience for our employees, give our customers an engaging and stimulating way to enjoy their passions and reward our shareholders with a superior return on their investment.

Related People

M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed