British broadcaster ITV Plc (LON:ITV) on Monday said it had taken over Finnish factual entertainment, reality and lifestyle programmes producer Tarinatalo Oy, in line with its transformation strategy aimed at boosting international content business.
Financial terms were not revealed.
ITV Studios International’s managing director Paul Buccieri described the acquired business as a very creative producer with strong relationships with Finnish broadcasters and a substantial portfolio of hit shows, as well as a large number of ideas under development.
ITV will work towards the future growth of Tarinatalo, which has so far expanded fast in terms of size, programme genre, licensing and online, he added.
With this move, which follows ITV’s recent buy of Norwegian indie Mediacircus, ITV Studios, with already a presence in Sweden, achieves a footprint in three Nordic countries.
Set up in 1997, Tarinatalo also co-produced the 2007 Eurovision song contest held in Helsinki.
Hans Engholm, the CEO of ITV Studios Nordic, of which Tarinatalo will be part, said in a comment that the Finnish producer has experience in creating and selling formats for the international market, in keeping with ITV’s current goal of building a strong creative business.
Tarinatalo’s chief executive Aram Aflatuni welcomed the transaction as well, pointing out the importance of forming a Nordic creative hub with producers in Sweden and Norway.
Apart from ITV Studios, the British group also operates through its Broadcasting & Online segment.