Spackman Entertainment Group acquires $2m stake in Delmedia

It's a producer of Korean variety shows.

An associated company of Spackman Entertainment Group has acquired a majority stake in Korean variety show maker Delmedia.

The company will subscribe to 320,000 common shares of Delmedia, representing 88.89% of the enlarged issued and outstanding shares of Delmedia after the completion of the Subscription, for a total cash consideration of KRW1.60 billion ($2m).

Delmedia is one of Korea’s leading producers of variety shows. Since its founding in November 2003, Delmedia has produced more than 120 variety shows, entertainment dramas and reality shows. 

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