Spackman Entertainment Group acquires $2m stake in Delmedia
It's a producer of Korean variety shows.
An associated company of Spackman Entertainment Group has acquired a majority stake in Korean variety show maker Delmedia.
The company will subscribe to 320,000 common shares of Delmedia, representing 88.89% of the enlarged issued and outstanding shares of Delmedia after the completion of the Subscription, for a total cash consideration of KRW1.60 billion ($2m).
Delmedia is one of Korea’s leading producers of variety shows. Since its founding in November 2003, Delmedia has produced more than 120 variety shows, entertainment dramas and reality shows.