Murdoch seeks Polish studios

R. Murdoch’s News Corp. is planning to build on its recent acquisition of a 48.98% stake in the Polish station TV Puls by buying one of the country’s leading film production studios.

According to the national daily Gazeta Wyborcza, the company has been in talks with Warsaw-based Czolówka and is also likely to approach the Documentary and Feature Films Studio (WFDiF).

The former is state-owned and has an extensive library of documentaries and feature films, as well as ownership of 82,000 sq metres of land that could in the future be used for new facilities. Separately, the Polish cable operator Multimedia Polska has announced that it will hold an IPO by the end of this year. Overseen by CA IB and UBS Investment Bank, it will be open to both local and foreign investors.

Multimedia Polska is currently the third largest MSO in Poland after UPC and Vectra and had 457,000 cable TV, 117,000 broadband Internet and 127,000 telephony subscribers at the end of June. A month earlier it became the first electronic communications company in Poland to launch an IPTV.