Channel 4 has acquired full ownership of The Box Plus Network, buying the remaining 50 per cent stake from Bauer Media Group.
Channel 4 bought the initial 50 per cent stake in 2007. Full ownership will enable Channel 4 to increase value across The Box Plus Network and the wider Channel 4 portfolio.
The network produces and broadcasts seven UK music and entertainment channels: 4Music, The Box, Box Upfront, Box Hits, Kiss, Magic and Kerrang.
Channel 4 COO and Box Plus Network board member Keith Underwood 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.”