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Latest Satellite News Discussion, New Premiere takes control of Premiere Star at General Satellite News forum; Premiere takes control of Premiere Star February 24, 2009 | 08:32 UK Premiere has struck an agreement with all nine ...

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New Premiere takes control of Premiere Star
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New Premiere takes control of Premiere Star - 24-February-2009, 13:40

Premiere takes control of Premiere Star

February 24, 2009 | 08:32 UK



Premiere has struck an agreement with all nine of the shareholders in Premiere Star to acquire their shares in the mini-pay bouquet.

The minority shareholders including Turner Broadcasting Systems, tmc (Beate Uhse TV), Wellington Partners, AtlasVentures, East, HypoVereinsbank and EM.Sport Media represented 40.2% of the shareholding. Premiere will pay a deferred consideration over the next four years with the majority payable in 2012 and 2013.

The Premiere Star channels are valuable contributors to our overall programming strategy and content line-up and accordingly are part of Premieres core business, said Premiere CEO Mark Williams.

The 200,000 subscriber bouquet carries channels including Turner Classic Movies, Sat.1 Comedy, Kabel 1 Classic, AXN, Kinowelt TV, RTL Living, Animax, Playhouse Disney, Toon Disney, Boomerang, Cartoon Network, MTV Music, ESPN Europe and TNT Serie.
   
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