Sony Pictures TV acquires producer of ’90 Day Fiancé’ and ‘American Idol’

Sony Pictures Television is acquiring a majority stake in Industrial Media, a major supplier of popular reality series to TV networks and streaming platforms.

The Culver City-based TV entertainment arm of Tokyo electronics giant Sony Corp. announced the deal Thursday.

The size of the stake and the price were not disclosed, but the company said the deal values Industrial Media at $350 million.

Eli Holzman, the founder and chief executive of Industrial Media, will join Sony Pictures Television as president of nonfiction entertainment.

He will report to Ravi Ahuja, chairman of global television studios and corporate development for Sony Pictures

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