Bauer sells music TV services to Channel 4

The UK’s Channel 4 has acquired full ownership of The Box Plus Network, which produces and broadcasts seven UK music and entertainment channels.

Channel 4 has bought the remaining 50% stake in the network that it did not previously own from Bauer Media Group.

Since 2007, Channel 4 has owned a 50% stake in The Box Plus Network, which operates the music channels 4Music, The Box, Box Upfront, Box Hits, Kiss, Magic and Kerrang.

According to Channel 4, acquiring full ownership of the network will enable it ‘to increase value across The Box Plus Network and the wider Channel 4 portfolio’.

KISS, Magic and Kerrang!, which are Bauer Media-owned brands, will continue to be licensed to the network.