STV Group, through its STV Studios subsidiary, has acquired 100% of the issued share capital of unscripted television production network Greenbird Media for approximately £24m, of which £21.4m was paid on completion.
London-based Greenbird is also a service provider, offering a back-office solution which lets creatives to focus on pipeline development and programme production.
According to a statement, the deal accelerates the growth of STV Studios by more than trebling the number of returning series, strengthening its existing rights catalogue.
