Herbert L. Kloiber’s Night Train Media acquired Eccho Rights distributor from Korean giant CJ ENM, along with Eccho co-founder. Nikola Söderlund retires.
The 40-person Eccho, which has offices in Stockholm, Istanbul, London, Madrid and Seoul, will maintain its independence with Frederik af Malmborg as CEO, while Night Train’s Kloiber will become chairman of the board of Eccho Rights and Night Train . operate. Co-financing with third-party distributors. Handan Ozkubat will continue as director of Turkish drama and digital operations at Eccho, as will Adam Bart, director of co-production, development and acquisitions.
CJ ENM, which recently acquired 80% of Endeavor’s screenwritten content business, acquired Eccho four years ago and has since been a leading distributor of Turkish, Scandinavian, South Korean and some European film dramas, acquiring the president Ukrainian Volodymyr Zelensky. servant of the village which increased sales after the war along with the Turkish Kanal 7 inheritance and Channel 5, owned by Paramount compulsion.
Kloiber said he was impressed with “Eccho’s growth, global sales and strategic vision”.
“Combining our strengths couldn’t come at a better time, with global streamers also licensing more and more content in select territories,” he added.
Eccho’s Malmborg said the two “share the same vision for the future of television production and distribution.”
The move comes a year after Night Train, backed by private equity firm Serafin Group, acquired a majority stake in BossaNova, the unscripted distribution company of TCB Media Rights founder Paul Hahn.
Source: Deadline
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