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
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