Barcelona-based multimedia adult content producer Private Media Group (PMG) is extending its global empire, buying US adult VOD portal GameLink for 8.5 million PMG shares, plus a further 4.6 million based on earn-out targets. The deal gives the company a bigger foothold on content production and digital distribution in both adult and mainstream sectors and gives Private the use of GameLink’s US and Europe sales staff.
Nasdaq-listed PMG already has online or mobile distribution deals in 37 countries so now expect a global re-launch of GameLink’s VOD portal, a re-launch of Private.com (which is not for the faint-hearted), more localised content for more countries and increased distribution to other platforms. Between them, the two companies made $35.3 million in revenue for the nine months to September 30, compared to $22.7 million for PMG alone. Private magazine was launched in Stockholm in 1965, though the company is now based in Nevada.
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