Media Localizer TVT Brought Down by Dutch Acquisition

TVT Media, a London-headquartered provider of media localization and end-to-end content services, filed for insolvency on October 21, 2019, according to regulatory filings, Slator reported. TVT’s operations in the UK generated revenues of nearly GBP 10m (USD 12.6m) in 2017 (the most recent year for which numbers are available), but the company’s global size is likely a multiple of the figure given that it operates large subsidiaries in the US, the Netherlands, Poland, Australia, Singapore, and Japan. What brought TVT to its knees was its 2017 acquisition of Amsterdam-based Digital Media Centre (DMC). At the time of the acquisition, DMC employed over 200 people. In 2018, the combined company rebranded to TVT Media. Read more