Acquires Classic Rock, Metal Hammer & Prog brands

RNS Number : 5961T

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 £800,000 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.

 

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