Warner Bros. to Buy DramaFever

Warner Bros. has entered an agreement to acquire DramaFever, a U.S.-based company that operates subscription and on-demand video services, from SoftBank.

DramaFever offers hundreds of series, variety shows, films and kids’ programs, in multiple languages, and is available in more than 20 countries globally and growing. The service joins Time Warner’s company-wide efforts to reach audiences directly, including the recent acquisition of iStreamPlanet and the launch of SVOD services with HBO NOW in the U.S., and, in partnership with Tencent, Hollywood VIP in China.

DramaFever will continue to operate under that consumer-facing brand and be based in New York.