Purchase continues in-flight entertainment push
Global Eagle Entertainment has acquired Travel Entertainment Group Equity Limited from GCP Capital Partners for approximately $36 million in cash. The company’s IFE Services provides in-flight entertainment services to airlines and cruise lines worldwide, which has been a growing focus on Global Eagle.
IFE Services provides a broad range of content, including movies, TV programs, games, mobile apps, publications, safety videos and technical support to over 50 airline and cruise ship operators. It also has a strong presence in such developing markets as Africa, Asia and South America. Global Eagle, which was founded in 2011 by former MGM CEO and chairman Harry Sloan and former CBS Entertainment president Jeff Sagansky, is the biggest provider of television shows and movies to airlines in the world. With this purchase, Global Eagle will now offer between 65 to 70 percent of the entertainment content available to airlines around the world.
No comments:
Post a Comment