MONTREAL, Dec. 3, 2013 /CNW Telbec/ - V Media Group and Bell Media
announced today they have entered into an agreement for the acquisition
of MusiquePlus and MusiMax by V Media Group, owner of V Interactions.
The transaction is subject to approval by the Canadian Radio-television
and Telecommunications Commission (CRTC) and the Competition Bureau.
"A little over 5 years ago, we took on the challenge of reviving a
television channel, V, and have successfully built a dynamic and
effective television network," said Maxime Remillard, President and CEO
of V Media Group. "Today, we are proud to acquire MusiquePlus and
MusiMax, reinforcing our commitment to become the independent Canadian
leader in the production and broadcasting of multiplatform
"MusiquePlus and MusiMax are an invaluable part of Québec's television
landscape, and I am extremely pleased that they are being acquired by V
Media Group, a young media player whose dynamism is a perfect fit for
the boldness and energy of MusiquePlus and MusiMax," said Kevin Crull,
President, Bell Media.
The acquisition of MusiquePlus and MusiMax is a result of Bell Media's
process of divesting certain properties to comply with regulatory
conditions attached to the July 5, 2013 acquisition of Astral by Bell.
With today's announcement, Bell Media has now entered into agreements
with buyers for all of the properties it was required to divest.
About V Media Group
V Media Group is a Québec-based media company that has been entertaining
audiences for more than 5 years. V Media Group owns and operates V, one
of Canada`s leading French-language conventional broadcasters; a
young, dynamic and innovative network focused on pure entertainment.
Always on the vanguard of new technology, V engages with its viewers
via social media, the V application, and its website, vtele.ca.
About Bell Media
With passion and an unrelenting commitment to excellence, Bell Media
creates content and builds brands that entertain, inform, engage, and
inspire audiences through the platforms of their choice. Bell Media is
Canada's premier multimedia company with leading assets in television,
radio, out-of-home advertising, and digital media. Bell Media owns 30
local television stations led by CTV, Canada's #1 television network;
34 specialty channels, including TSN and RDS, Canada's most-watched
specialty channels in English and French; four pay TV services,
including The Movie Network and Super Écran; and is managing
shareholder of premium pay-per-view service Viewers Choice Canada. Bell
Media is also Canada's largest radio broadcaster, with 107 licensed
radio stations in 55 markets across Canada. Bell Media owns Astral
Out-of-Home, one of Canada's most dynamic and innovative out-of-home
advertising companies with a network of more than 9,500 advertising
faces in Québec, Ontario and British Columbia. Bell Media also operates
more than 200 websites, delivers TV Everywhere with its innovative GO
video streaming services, including TMN GO and Bravo GO, and owns Dome
Productions Inc., a multi-platform production company. Bell Media is
part of BCE Inc. (TSX, NYSE: BCE), Canada's largest communications
company. For more on Bell Media, please visit www.bellmedia.ca.
SOURCE: Bell Media, V Media Group
For further information:
Diane Patenaude, directrice principale et chef marketing,
514-390-6100 x6048 or email@example.com
Olivier Racette, Bell Media, 514.939.5001 x3193, or firstname.lastname@example.org