The Realscreen event owner Brunico Communications, of Canada, is acquiring four international TV content markets and events (NATPE Global, NATPE Budapest, NATPE Streaming+ and the Brandon Tartikoff Legacy Awards) from the National Association of Television Programming Executives, of the US. The sale follows the association’s October declaration of bankruptcy.
According to papers filed with the bankruptcy court, which this week approved the deal, Brunico is paying a total of $1.2m: $150k in cash for NATPE’s assets and the assumption of an estimated $1.05m in outstanding liabilities.
The under-bidders in the sale process are believed to have included: C21 International, the National Association of Broadcasters, DISCOP, RX France, Penske Media Corp, Questex, and Lakewood Advisors.
The first NATPE event under Brunico ownership is NATPE Budapest, scheduled for June 26-28.
Toronto-based Brunico produces the Realscreen Summit, Kidscreen Summit and Banff World Media Festival, and owns the publications Realscreen, Kidscreen and Playback.