Future PLC Acquisition of Marie-Claire US (2934Y)

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RNS Number : 2934Y

Future PLC

12 May 2021

12 May 2021

Future plc

Acquisition of Marie-Claire US

Future plc (LSE: FUTR, "Future", "the Group"), the global platform for specialist media, today announces the acquisition of Marie Claire US, a joint venture between Marie Claire Album S.A.S. ("MCA") and Hearst Magazines Media Inc. Future has entered into a five year license agreement with MCA to operate in the US and Canada. Marie Claire US reached 17.5 million monthly online users in 2020 with revenue of $19.1m of which approximately half represents digital media revenue.

The acquisition follows Future's acquisition of Marie Claire UK in 2020 and builds on the ongoing success of the MarieClaire.co.uk brand. It strengthens Future's position in the women's lifestyle vertical in North America in line with the Group's strategy to achieve brand vertical leadership across English speaking markets.

As previously announced, Future will publish its interim results for the six months to 31 March 2021 on Wednesday 19 May 2021. A video conference call for analysts and institutional investors will be held at 8.30am on the day.

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Enquiries

Future plc

   Zillah Byng-Thorne, Chief Executive Officer           [phone] 

Rachel Addison, Chief Financial Officer

   Marion Le Bot, Head of Investor Relations            [phone] 

Media

   Headland                                                         [phone] 

Stephen Malthouse, Rob Walker, Charlie Twigg

[e-mail]

About Future

Future is a global platform business for specialist media with diversified revenue streams. Its content reaches over 1 in 3 adults online in both the UK and the US.

The Media division is high-growth with complementary revenue streams including eCommerce for products and services, events, and digital advertising (including advertising within newsletters). It operates in a number of sectors including technology, games & entertainment, music, home & gardens, sports, TV & film, real life, women's lifestyle and B2B. Its brands include TechRadar, PC Gamer, Tom's Guide, Android Central, Truly, Digital Camera World, Homebuilding & Renovating Show, GamesRadar+, The Photography Show, Top Ten Reviews, Marie Claire, Live Science, Guitar World, MusicRadar, Space.com, What to Watch, Gardening Etc, Adventure and Tom's Hardware.

The Magazine division focuses on publishing specialist content, with a combined global circulation of over 3 million delivered through more than 115 magazines, and 410 bookazines published a year. The portfolio spans technology, games & entertainment, sports, music, photography & design, homes & garden, country lifestyle, TV & film and B2B. Its titles include Country Life, Wallpaper, Woman & Home, Classic Rock, Decanter, Guitar Player, FourFourTwo, Homebuilding & Renovating, Digital Camera, Guitarist, How It Works, Total Film, What Hi-Fi? and Music Week.

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May 12, 2021 02:00 ET (06:00 GMT)