TMCnet News
ITV buys 51% of Jaffe/Braunstein films for $5.8m [ITV and Jaffe/Braunstein Entertainment](Total Telecom Via Thomson Dialog NewsEdge) ITV said Wednesday that it has bought a controlling 51% stake in a new entity, Jaffe/Braunstein Entertainment, created in partnership with Jaffe Braunstein Films, a producer of scripted telefilms and mini-series based in Los Angeles. The stake was acquired for a cash sum of $5.8 million (GBP2.9 million) from Howard Braunstein, and Michael Jaffe who, between them, will retain a 49% stake in the new entity. ITV's stake will be managed through Granada America, the U.S. based production entity of ITV. In addition to developing and producing new original programming, the new partnership will focus on remaking titles from the extensive ITV film and television library. Copyright 2007 Terrapinn Ltd |