Ten Alps to acquire Reef Television
It has been announced this morning that Ten Alps is to acquire Reef Television. Reef chief executive Richard Farmbrough, who founded the business in 2003, will remain in his position and also become commercial director of the enlarged Ten Alps group. Paul Hanrahan will continue as Managing Director of Reef.
Ten Alps chief executive Mark Wood said: “The addition of Reef Television significantly extends the range of our TV production and turns Ten Alps into a mid-size independent production business.”
Reef chief executive Richard Farmbrough added: “For some time we have been looking to partner with another production business in order to give us the firepower to extend into new territories and engage with the new platforms which are changing the shape of the television market.”
The full trade press release can be read below.