Acquiring The Box Plus Network can even enable Channel four to extend the worth its personal portfolio.
The UK’s Channel four has confirmed a significant transfer.
Since 2007, Channel four has owned a major stake – 50% – within the Box Plus Network. The community has produced and broadcast seven UK music and leisure channels. These embody 4Music, The Box, Box Upfront, Box Hits, Kiss, Magic, and Kerrang.
Channel four has now acquired full possession The Box Plus Network. The in style UK channel purchased the remaining 50% from Bauer Media Group.
Financial phrases the deal stay undisclosed.
Acquiring full possession the community will enable Channel four to extend worth throughout The Box Plus Network. According to a press launch, this can even enhance the worth its personal portfolio.
Speaking in regards to the acquisition, and the channel’s long-term technique, Keith Underwood, Chief Operating Officer Channel four, defined,
Underwood additionally serves as a board member the Box Plus Network.
Under the deal, Bauer Media Group will proceed to license three music manufacturers – KISS, Magic, and Kerrang! – to the community. All three remained Bauer-owned manufacturers.
Paul Keenan, CEO Bauer UK and European Radio, added,