Quote:
Originally Posted by Richc1977
Virgin Media Ireland, a wholly-owned subsidiary of Liberty Global, today announced that it has entered into an agreement with ITV plc to acquire UTV Ireland, the nation’s newest free-to-air commercial broadcaster, for a purchase price of €10 million. The agreement also includes a comprehensive 10 year output deal for Ireland for ITV produced programming. The purchase price is expected to be funded through existing liquidity.
http://about.virginmedia.com/press-r...re-utv-ireland[COLOR="Silver"]. |
This deal means that Virgin Media now have the rights to the soaps such as Cornation Street and Emmerdale for the next ten years. Other ITV Studio content is included in the deal.
Not looking good for UTV Ireland as it now looks like all ITV content will be moved over to TV3 and rumours suggest that Virgin Media might close UTV Ireland.