Channel 4 Acquires Full Ownership Of The Box Plus Network

Channel 4 has acquired full ownership of The Box Plus Network, buying 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 produces and broadcasts seven UK music and entertainment channels – 4Music, The Box, Box Upfront, Box Hits, Kiss, Magic and Kerrang.

Acquiring full ownership will enable Channel 4 to increase value across The Box Plus Network and the wider Channel 4 portfolio.

Keith Underwood, Chief Operating Officer of Channel 4 and Board Member of the Box Plus Network, said: "This transaction brings the UK’s largest and most-watched music television network fully into the Channel 4 family. As part of a broader channel portfolio, we will work with the management team of the Box Plus Network to amplify the value of the assets acquired. This acquisition forms part of our wider strategy to enhance engagement with youth audiences."