Movements
Sony Pictures Acquires Stake in Hopster
Sony Pictures Television Networks (SPT) has taken a minority stake in Hopster. The investment complements SPT Networks’ growing kid’s portfolio, where SPT Networks’ linear and AVOD services include POP, Tiny Pop, and Kix.
Available in over 100 countries worldwide, Hopster seeks to help kids learn through shows that mix learning and fun. After its debut on Apple TV last year, Hopster became one of top grossing pre-school kids’ app in 24 countries, housing a line-up of hit local shows.
With POP, Tiny Pop, and Kix channels, Sony is one of the top kids’ broadcasters in the UK. Investing in Hopster offers an advantage in the fast-growing subscription kids’ space, and is a real opportunity to increase the company’s on-demand services. With Sony Networks on board, Hopster vision is to build an end-to-end kids player, and Sony’s global reach, existing kids’ portfolio, and technology presence makes them the perfect partner.
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