Former Tele München Group CEO Herbert Kloiber’s Night Train Media has taken a controlling stake in London-based unscripted distributor BossaNova as it seeks to align its documentary and drama business.
As part of the deal, BossaNova – founded last year by unscripted veterans Paul Heaney and Dina Subhani – will have access to an acquisition fund to fulfill the company’s mission of co-creating and co-financing projects by matching producers with platforms and broadcasters: a smart model in the unscripted realm that was popularized by Heaney at his old company, TCB Media Rights, which was sold to “Pooch Perfect” distributor Beyond Rights in the summer latest.
Earlier this year, as part of its first BossaNova Development Day, the distributor met more than 50 buyers and curators from 35 channels and platforms with 30 producers, who presented more than 75 new projects. The company also recently made its first volume catalog purchase, acquiring over 650 hours from Australia and New Zealand’s largest independent factual producers, CJZ and Greenstone.
In the year since Night Train’s founding, Kloiber received a long-term investment from private equity fund Serafin Group and embarked on a number of scripted projects like the futuristic drama “Veil” and the psychological thriller. “The Ex-Wife” from “Downton Abbey star and writer Catherine Steadman.
Kloiber said, “As NTM continues to diversify and dive into the factual space, we are delighted to have found BossaNova. Paul’s asset distribution track record, market position and vision are second to none. We are extremely happy to work together and mark this exciting chapter in NTM’s expansion with the BossaNova team.
Heaney added: “We believe we have met the perfect business and creative partners for BossaNova in NTM, with his support Serafin he has the financial stability and integrity to ensure we can grow BossaNova for the long term, not just the short term. term and getting projects on the field and on screen, coupled with a dedication to creating great content. Herbert and his team are television first and foremost with the business savvy to ensure that the resources are there, it’s a partnership that promises great things.
BossaNova was advised by Dane Phillips of GothamStreet on its acquisition by Night Train Media.
(Pictured, left to right: Herbert Kloiber, Paul Heaney)