Manchester United Announces Strategic Acquisition of BskyB’s One-Third Stake
*Taking full control of the content generating and distribution capability
of its business
MANCHESTER, England -- January 22, 2013
Manchester United (NYSE: MANU), one of the most popular and successful sports
teams in the world, today announced the acquisition of the one-third minority
equity stake in Manchester United Television (‘MUTV’) from BskyB (Sky). MUTV
is now a wholly-owned group subsidiary.
As part of its long-term digital media plans, Manchester United has made the
strategic acquisition of Sky’s stake in MUTV in order to own 100% of the
content production and distribution capabilities of this business.
MUTV was launched in 1998 as a three-way joint venture, with UK broadcasters
ITV and Sky as equal partners. Since then, MUTV has developed considerable
in-house expertise and Manchester United bought ITV’s one-third equity stake
in November 2007. This latest acquisition is a natural progression and is
indicative of the Club’s desire to have full control of the content generating
and distribution capabilities across all of its businesses.
MUTV is available in 57 countries around the world. It is accessed in the UK
and Ireland by subscription on satellite and cable platforms; and in the rest
of the world through a combination of subscription or as programming blocks
purchased by international broadcasters.
Richard Arnold, Commercial Director of Manchester United, said:
"The acquisition of Sky’s stake is great news for all of our fans who watch us
around the globe, MUTV, its staff and the Club. We look forward to continuing
to enhance our media proposition and distribution capabilities in the years to
come; and delivering some of the best and most compelling content to our 659m
Sky has been an active and highly-valued partner since the channel's inception
and has helped to build the best and most watched club football channel in the
world. We will continue to have a close relationship with Sky in the future.”
MUTV employs approximately 60 staff and currently operates from offices in
central Manchester, a studio at Carrington (the Club's training ground) and
from facilities within Old Trafford stadium.
About Manchester United
Manchester United is one of the most popular and successful sports team in the
world, playing one of the most popular spectator sports on earth.
Through our 135-year heritage we have won 60 trophies, enabling us to develop
the world’s leading sports brand and a global community of 659million
followers. Our large, passionate community provides Manchester United with a
worldwide platform to generate significant revenue from multiple sources,
including sponsorship, merchandising, product licensing, new media& mobile,
broadcasting and matchday.
Manchester United Ltd
Kate Lowe, +44 (0) 161 868 8427
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