Man Utd buys out BSkyB’s stake in MUTV
Club says it now has 'in-house expertise' to run TV network outright
By Gaurav Sharma | CFO UK | Published 18:23, 23 January 13
Manchester United football club has bought pay-tv broadcaster BSkyB's one-third stake in its in-house television network MUTV, it was announced on Wednesday.
In a statement, the club said, "As part of our long-term digital media plans, Manchester United has made the strategic acquisition of BSkyB's stake in MUTV in order to own 100 percent of the content production and distribution capabilities of this business."
MUTV was launched in 1998 as an equal stakes venture between the football club, ITV and BSkyB. United bought ITV's one-third stake in 2007.
Commenting on the move, 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."
Declaring MUTV to be a wholly owned group subsidiary, Arnold said, the club would continue to enhance its media proposition and distribution capabilities in the years to come, delivering compelling club football focussed content to its "659 million followers."
The club also said MUTV will continue to have a close relationship with BSkyB in the future. The network has 60 staff members based at its offices in central Manchester, Old Trafford football ground and a studio at the club's Carrington training ground.
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