Sonar Entertainment, a portfolio company of private equity firm Catalyst Capital Group, has acquired the assets of Tricon Films & Television. Financial terms were not disclosed.
1462598 Ontario Inc., dba Tricon Films & Television, sought CCAA protection on December 9, 2016.
Program acquisitions include the kids series Counterfeit Cat, currently airing in the US on Disney XD, on Teletoon in Canada, on Hulu and in over 200 countries worldwide. Sonar is also acquiring Tricon properties currently in development. These include the children’s series Go Away Unicorn, for Disney and Corus, and the non-scripted series Texas Metal for Discovery and Food’s Greatest Hits for Scripps.
Key members of the Tricon senior executive team will be joining Sonar, including company founder and president Andrea Gorfolova. Gorfolova launched Tricon in 2000. Sonar is also acquiring the distribution rights to over 1,500 hours of Tricon’s library programming.
“This represents another critically important milestone in our broad-based growth strategy for Sonar,” said Gabriel de Alba, Chairman, Sonar Entertainment and Managing Director and Partner of The Catalyst Capital Group. “Our exceptional creative team is primed to aggressively build out our content in these new categories. At the same time, the success of our high end-premium scripted dramas has earned Sonar tremendous momentum. We are well positioned to leverage our strong relationships in the global marketplace through our distribution team to ensure that Sonar’s programming across all genres achieves maximum impact.”
photo credit: Tricon Films & Television