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 entertainment content."
"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 protected]
Olivier Racette, Bell Media, 514.939.5001 x3193, or [email protected]