Disney moves for Jetix Europe takeover

LONDON - Disney has struck a deal to move to full ownership of children's TV broadcaster Jetix Europe.

Takeover: Disney intends to obtain 100% of the shares of Jetix Europe
Takeover: Disney intends to obtain 100% of the shares of Jetix Europe

Previously, Disney owned 74% of Jetix Europe. Following today’s deal, for an undisclosed sum, it will own 96% of the company.

The transaction is expected to be completed before the end of the year. Disney said it intends to obtain ownership of 100% of the shares in Jetix Europe, which is listed on the Amsterdam stock exchange, through statutory buy-out proceedings. In addition, Disney and Jetix intend to seek termination of Jetix's listing on Euronext Amsterdam.

The deal will significantly expand Disney’s presence in children’s TV. It currently owns Disney Channel and Playhouse Disney. Disney said the acquisition will position Disney to better serve its large and growing Jetix audience and distribution partners through improved programming, more targeted branding, more integrated management, and implementation of company-wide synergies.

Television continues to be a strong brand builder for Disney around the world and this investment enhances our efforts to reach kids and families, said Anne Sweeney, co-chair, Disney Media Networks and president, Disney-ABC Television Group. By achieving operating efficiencies, we will have additional opportunities to create more family-friendly programming and locally-produced content across Europe, she added.

Disney acquired its original interest in Jetix Europe (formerly Fox Kids Europe), which reached 24 million subscribers, when it purchased Fox Family Worldwide from News Corp in 2001.

Become a member of Campaign from just £45 a quarter

Get the very latest news and insight from Campaign with unrestricted access to campaignlive.co.uk ,plus get exclusive discounts to Campaign events

Become a member

Looking for a new job?

Get the latest creative jobs in advertising, media, marketing and digital delivered directly to your inbox each day.

Create an Alert Now

Partner content

Share

1 Why creative people have lost their way

What better way to kick off the inaugural issue of Campaign's monthly print offering than with another think piece on the current failings of our industry, written by an embittered, pretentious creative who misses "the way things used to be"...

Share

1 Job description: Digital marketing executive

Digital marketing executives oversee the online marketing strategy for their organisation. They plan and execute digital (including email) marketing campaigns and design, maintain and supply content for the organisation's website(s).