Format Development News (2): Sony takes over outstanding format-developers 2waytraffic

June 5, 2008

Sony Pictures Entertainment (“SPE”) announced today that it has successfully acquired control of the Dutch entertainment company, 2waytraffic. The acquisition gives SPE new capabilities in the global light entertainment market, which includes games, variety and reality shows, and gives SPE one of the largest gameshow portfolios in the world.

“The acquisition of 2waytraffic is part of our strategy to expand global production and distribution of light entertainment content,” said Michael Lynton, Chairman and CEO of SPE. “This opens the door to new content for us, and brings to our business a solid distribution infrastructure, strengthening our position for an efficient roll-out of formats internationally.”

“2waytraffic is a global leader in interactive entertainment. The company converts viewers into revenue generating customers by creating and exploiting interactive entertainment content across television, mobile and digital platforms. Partnering with leading international broadcasters, telecom operators and advertisers, we are able to reach mass audiences around the world!

2waytraffic was formed in 2004 by former Endemol executives Kees Abrahams, Unico Glorie and Taco Ketelaar together with entrepreneur/investor Henk Keilman and is based in Hilversum, the Netherlands. In just a few years, the company has rapidly expanded its activities into over 40 territories worldwide and is currently responsible for around 8,000 hours of live programming a year, employing over 150 people internationally.”