KidsCo set to close

International kids network KidsCo is closing down following NBCUniversal’s move to buy all of preschool network Sprout.

The decision has been made to stop broadcasting the channel due to the “challenging” nature of the crowded kids TV channels business and “problems growing the net. “As a result, both shareholders – NBCUniversal and Corus Entertainment – have decided to discontinue the joint venture service by early 2014,” the partners added in a statement.

KidsCo, which is in more than 100 territories around the world, failed to launch in the UK and US markets

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