in Canada in partnership with Hollywood Suite. Two of Hollywood Suite's networks: Hollywood Festival re-launched as Sony Movie Channel and Hollywood Storm as AXN Movies on September 4, 2012. On August 23, 2012, SPT acquired a majority stake in Left Bank Pictures, a UK production company founded by Andy Harries, Francis Hopkinson, and Marigo Kehoe. On August 22, 2013, Sony Pictures Television acquired a majority stake in Simon Andrae's new production company Scarlet Media. However, two months later, Andrae dropped his plans for Scarlet and was tapped to become executive vice-president of alternative entertainment for Fox. On December 16, 2013, Tuvalu Media joined forces with financing firm Karmign and acquired SPT's 60% stakes to regain independence. SPT acquired 60% in Tuvalu in 2008. On June 26, 2014, SPT announced the decision to acquire CSC Media Group including 16 of its cable channels. the deal closed on August 15, 2014. On November 6, 2014, Daisy Goodwin stepped down from Silver River Productions amid Sony's restructuring. The studio had restructured its operations to SPT's streamline operations. She was less active in her production company and had been focusing on her books. On December 1, 2014, SPT acquired Australian drama production company, Playmaker Media. On July 26, 2014, Liberty Global announced that it had put Film1 up for sale. Liberty Global agreed to sell Film1 to Sony Pictures Television on March 27, 2015. The sale was completed on July 21, 2015. On May 28, 2015, TriStar Television was re-launched as a boutique production label for Sony Pictures Television. The first new series was Good Girls Revolt and was piloted for Amazon Prime Video. As of September 2015, it was the world's largest television production and distribution company measured by library and revenue (along with Time Warner's Warner Bros. Television). On March 1, 2016, Sony announced to shut down Victory Television after Managing Director Victoria Ashbourne announced to step down after five years to pursue other opportunities. SPT retained international distribution rights for all of Victory's productions. On July 25, 2017, SPE's new chairman and CEO, Tony Vinciquerra tapped Jeff Frost, Chris Parnell, and Jason Clodfelter as co-presidents of SPT. Frost joined SPT in 2008 from ABC Studios, Parnell in 2003 and Clodfelter in 2006. The same day, Sony Pictures Television Studios was founded, which later began rolling out for current and future SPT titles starting on January 7, 2020. On July 31, 2017,