Disney moves for Jetix Europe takeover

LONDON - Disney has struck a deal to move to full ownership of children's TV broadcaster Jetix Europe.

Takeover: Disney intends to obtain 100% of the shares of Jetix Europe
Takeover: Disney intends to obtain 100% of the shares of Jetix Europe

Previously, Disney owned 74% of Jetix Europe. Following today’s deal, for an undisclosed sum, it will own 96% of the company.

The transaction is expected to be completed before the end of the year. Disney said it intends to obtain ownership of 100% of the shares in Jetix Europe, which is listed on the Amsterdam stock exchange, through statutory buy-out proceedings. In addition, Disney and Jetix intend to seek termination of Jetix's listing on Euronext Amsterdam.

The deal will significantly expand Disney’s presence in children’s TV. It currently owns Disney Channel and Playhouse Disney. Disney said the acquisition will position Disney to better serve its large and growing Jetix audience and distribution partners through improved programming, more targeted branding, more integrated management, and implementation of company-wide synergies.

Television continues to be a strong brand builder for Disney around the world and this investment enhances our efforts to reach kids and families, said Anne Sweeney, co-chair, Disney Media Networks and president, Disney-ABC Television Group. By achieving operating efficiencies, we will have additional opportunities to create more family-friendly programming and locally-produced content across Europe, she added.

Disney acquired its original interest in Jetix Europe (formerly Fox Kids Europe), which reached 24 million subscribers, when it purchased Fox Family Worldwide from News Corp in 2001.

Have your say...

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus
Media Week Jobs
Search for more media jobs

Latest

Why CEOs choose TV and DOOH

Why CEOs choose TV and DOOH

In amongst the rise of all things digital it's easy to lose sight of some very simple truths, says Steve Atkinson, commercial director at Outdoor Plus.

Share
Sometimes collaboration, not innovation, can be the key to winning campaigns

Sometimes collaboration, not innovation, can be the key to winning campaigns

Media Week Awards entries used to be awash with companies claiming "media firsts". They ranged from the sublime to the ridiculous - from takeovers of Coronation Street to aromatic front covers and microsites for apps. Being first and owning the idea featured highly.

Share
Morley stakes claim as outdoor's ambassador

Morley stakes claim as outdoor's ambassador

By exploiting OOH's digital potential, Andrew Morley aims to boost Clear Channel and the wider sector. By Arif Durrani

Share

Get news by email