Manchester Utd buy Sky’s stake in MUTV
January 22, 2013
Manchester United has acquired the one-third minority equity stake in Manchester United Television (MUTV) from BskyB (Sky). MUTV is now a wholly-owned group subsidiary.
As part of the club’s long-term digital media plans, Manchester United has made the strategic acquisition of Sky’s stake in MUTV in order to own 100 per cent of the content production and distribution capabilities of this business.
MUTV was launched in 1998 as a three-way joint venture, with UK broadcasters ITV and Sky as equal partners. Since then, MUTV has developed considerable in-house expertise and Manchester United bought ITV’s one-third equity stake in November 2007.