Cinram Europe BV, a subsidiary of Canadian DVD manufacturer Cinram International Inc., has acquired The Entertainment Network Ltd. (TEN). TEN is a London-based joint venture of Sony Music Entertainmen

Cinram Europe BV, a subsidiary of Canadian DVD manufacturer Cinram International Inc., has acquired The Entertainment Network Ltd. (TEN). TEN is a London-based joint venture of Sony Music Entertainment (U.K.) Ltd. and Warner Music U.K. Ltd. which specializes in the distribution of entertainment media. Financial details of the deal were not disclosed.

Under the terms of the acquisition, TEN, established in 1999, will retain its trade name and will continue to distribute on behalf of Warner Music U.K. and Sony Music U.K. in the United Kingdom and Ireland from its current facilities.

"This acquisition represents an important strategic fit with Cinram's existing business and will significantly bolster our market presence in the United Kingdom and Europe," says Cinram International CEO Isidore Philosophe.

In 2003, Cinram paid $1.05 billion for the CD and DVD manufacturing and physical distribution businesses of WMG.

TEN has more than 400 employees and claims it distributes to more than 10,000 audio, video and games outlets.

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