ITV acquires the producer of hit US show Teen Wolf
Broadcaster ITV has acquired a controlling stake in DiGa Vision, according to a corporate filing.
DiGa is behind the hit show Teen Wolf, a reinvention of the 1985 film which is currently in its third season, and airs on MTV.
ITV says that the acquisition represents a step forward in a strategy "of building a strong international content business".
The company will make an upfront cash payment for a 51 per cent stake, with a put and call option to buy the remainder of the company.
The put and call option could be exercised from between 3 and 6 years, with the total amount paid linked to the performance of the company over that period. The multiple paid is similar to the range paid on ITV's previous acquisitions.
It's the latest in a series of acquisitions in the last 18 months that includes Gurney Productions, High Noon Entertainment, and Thinkfactory Media in the US, as well as UK producers The Garden and Big Talk.