Future PLC Acquires Classic Rock, Metal Hammer & Prog brands

TIDMFUTR

Future PLC

09 January 2017

RNS Reach

9 January 2017

Future plc

Acquisition of Classic Rock, Metal Hammer and Prog brands

Future plc (LSE: FUTR, "the Group" or "Future"), the international media group and leading digital business, has acquired the magazines, domain names, events, radio licence and websites of Classic Rock, Metal Hammer, Prog, Blues and the Golden Gods for GBP800,000 from FRP Advisory, the administrators of Team Rock Limited.

Classic Rock, Metal Hammer and Prog have magazines and dedicated channels within the Team Rock website. Blues features as an online channel on the Team Rock website and Golden Gods is the events operation linked to Metal Hammer.

Zillah Byng-Thorne, Future Chief Executive said:

"The acquisition of these classic rock brands with their associated magazines, events and websites marks a further step in our buy and build strategy.

"It further reinforces our creation of a leading global specialist media platform with data at its heart, which we are monetising through diversified revenue streams.

"We look forward to developing further these iconic and much-loved brands and to continuing to serve their communities of dedicated enthusiasts around the world."

Enquiries:

 
 Future plc                    01225 442 244 
 Zillah Byng-Thorne, Chief 
  Executive Officer 
 Penny Ladkin-Brand, Chief 
  Financial Officer 
 
 Numis                         020 7260 1000 
 Nick Westlake/Mark Lander 
 
 Instinctif Partners           020 7457 2020 
 Adrian Duffield/Kay Larsen 
 

Notes to editors

Future plc is an international media group and leading digital publisher, listed on the London Stock Exchange (symbol: FUTR). The Group operates two separately managed brand-led divisions: Media and Magazine. The Group has a reach of 70m globally, including 47m online users and 22m social media followers.

The Magazine division is brand-led. It has over 100 market-leading publications, with 10 key titles, and is seen as the number one digital consumer magazine publisher in the UK.

The Media division focuses on being at the forefront of digital innovation, in particular the high growth technology and games markets, with three complementary revenue streams: e-commerce, events and digital advertising. It has a number of leading brands including Techradar, PC Gamer, GamesRadar+, The Photography Show, Generate and Golden Joysticks.

This information is provided by RNS

The company news service from the London Stock Exchange

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January 09, 2017 02:00 ET (07:00 GMT)