Here’s a summary of the provided text:
OTF Acquired by Insight TV Following Bankruptcy
OTF, a factual content producer that entered bankruptcy proceedings several weeks ago, has found a new home with Insight TV. the acquisition process, which took about a month, concludes OTF’s search for a new owner after its separation from previous owner ZDF studios.
Key Details of the Acquisition:
Continued Brand Identity: OTF will operate as a distinct brand within the Insight TV group,aiming for further growth,collaboration,and innovation.
Closure of OTF’s In-House Production: Insight TV is closing OTF’s in-house production arm due to its evolving third-party and co-production model. This will impact a number of roles, with both companies working to support affected staff.
Staff Retention: Key OTF staff have been retained, with some roles integrated into Insight TV’s commercial, legal, and acquisitions teams.OTF boss Bo Stehmeier will remain with the company.
Synergistic Benefits: The move is expected to bring together complementary aspects of both businesses, allowing them to offer a comprehensive set of services and partnerships for the factual storytelling community. Shared Vision: Both Insight TV and OTF are driven by a belief in the power of storytelling and a mission to deliver visually stunning, emotionally resonant content to global audiences.
Background on OTF:
OTF has produced over 700 hours of shows in the past three decades, primarily in the natural history genre.
The company gained international recognition for producing the Netflix documentary My Octopus Teacher, which won an Oscar for Best Documentary Feature in 2020.
Founded in 1994 by Ellen Windemuth, OTF has had previous owners, including Germany’s RTV Family Entertainment.
Insight TV:
* Based in the Netherlands, Insight TV operates several networks and FAST channels, including InUltra and InPlus, and collaborates with brands like Red Bull and the BBC.
The acquisition signifies a deepening commitment to delivering premium factual content on a global scale, building on the existing collaboration between the two companies, particularly on their InWild and InTravel channels.
