Sparrowhawk Media
Joint venture to develop global children’s television
channel.
In April 2007 International law firm Pinsent Masons worked
with the Sparrowhawk in-house legal team on a strategic joint
venture to develop KidsCo, a multi-platform global television
channel for children and families.
The joint venture between Sparrowhawk Media, DIC Entertainment
and Corus Entertainment Inc.’s Nelvana Enterprises created KidsCo,
a 24/7 multi-platform television channel to be launched
in Autumn 2007 in central and eastern Europe, with subsequent
launches in 2008 and 2009 in approximately 40 countries across
Europe, Latin America and Asia Pacific.
The Sparrowhawk in-house legal team was led by Keith Porritt,
General Counsel, with Simone Snyder and Russell
Johnstone. Porritt led the contract negotiations, with his
team also handling the technical commercial contracts and licensing
arrangements.
The Pinsent Masons team, working with the Sparrowhawk in-house
legal team, was led by corporate partner Jonathan Reardon,
supported by Gareth Rees (corporate) and Rebecca Power
(tax). The firm handled the joint venture agreement and
constitutional documents.
Keith Porritt of Sparrowhawk Media commented “We are delighted
to have formed this significant strategic relationship with two of
the world’s leading producers of children’s programmes. This is an
important step for Sparrowhawk and adds another dimension to our
worldwide television channels business. Pinsent Masons’
contribution to the process was typically measured, robust and
responsive to the needs and timelines of the transaction, first
rate."
Jonathan Reardon of Pinsent Masons commented, “This is a very
important joint venture in the global media industry which we were
delighted to be involved with alongside Keith and his
team".
KidsCo will feature renowned animated and live-action television
series and feature-length movies from pre-eminent independent
animation program suppliers, DIC and Nelvana. DIC’s programming
library includes Inspector Gadget, Strawberry Shortcake, Madeline,
Dennis the Menace, Care Bears and more. Nelvana Enterprises’
catalogue features international favourites such as Babar, The
Adventures of Tintin and Rolie Polie Olie. KidsCo will also
acquire programming from other major children’s content suppliers
and will also feature prime-time family films.