Investments
Antenna Group has a dedicated investment team based in London that sources and executes investments exclusively in the media, entertainment, digital and lifestyle industries. The team implements the Group’s strategy to expand its terrestrial broadcasting activities in South East Europe, strengthen its content production and distribution arm, build a portfolio of thematic channels across the world and ensure that a significant portion of future revenues will be generated by digital and mobile distribution and online ventures.
The Group aims to maximize shareholder value by combining deep investment insight with proven media expertise and financial discipline. Since the Group was founded in 1988, it has built its portfolio of media and digital operations in the world. In addition to its own brands and operations, Antenna Group has invested in a range of leading private and public companies.
Antenna Group has generated market leading returns with its investments and demonstrated its ability to successfully grow existing businesses, implement buy- and-build and start-and-build growth strategies as well as effect successful turnarounds in countries such as Bulgaria, Greece, Montenegro, Romania, Serbia and Slovenia.
This breadth of experience gives the Group exceptional expertise across its target industries and geographies, and portfolio companies benefit as much from Antenna’s strategic and operational insight as from its financial firepower. The Group can act both as lead investor and co-investor.
Kyriakou’s family first media investment by establishing Antenna Radio in Greece
Launched Antenna TV, a pioneer in Greek private broadcasting
Established the Antenna Studies Centre for media education to train and educate young professionals in the media industry
Antenna Satellite launched in North America, as a pay-tv channel for Greeks abroad
Antenna Cyprus established, free-to-air channel for Cypriot community, and became a commercial partner of the Antenna Group
Theo Kyriakou joined Antenna
Listed Antenna TV on NASDAQ with a market cap of $0.6bn
Invested in NetMed
Acquired Nova TV for $3m
Antenna TV’s valuation reached $1bn
Kyriakou family bought back the 19% free float and Antenna TV was delisted from the NASDAQ
Invested in TIM Hellas
Sold NetMed
Sold TIM Hellas
Sold Nova TV in Bulgaria to Modern Times Group for $970m
Acquired Fox Televizija from News Corp in Serbia
Invested in Facebook
Invested in Twitter
Invested in Jagex
Invested in The Raine Group’s first fund
Exapnded in Montenegro with the acquisition of Pro TV and Pro FM rebranded as PRVA
Invested and partnered with The Raine Group
Formed a JV with Telekom Slovenije
Acquired Kiss TV in Romania from ProSieben Sat.1
Invested in Spotify
Acquired a controlling stake in Serbian broadcaster B92
Invested in Imagine
Partnered with Arianna Huffington’s Thrive Global
Launched and invested in Antenna Capital Partners
Launced cable channels in Serbia
Launched Thrive Global in Greece
Invested in Cheddar
Sold operations in Serbia and Montenegro for €180m
Sold Planet TV in Slovenia
Launched Thrive Global in Romania
Acquired Sony Pictures Television Network Portfolio in Central and Eastern Europe
Antenna Group acquires cinema chain Village Roadshow Operations, Greece
Touch