V Media Group

V Media Group Inc. (French: Groupe V Média inc.) is a privately held Canadian media firm, owned by the film production and distribution company Remstar. It owns the French-language broadcast network V, which operates primarily in Quebec, as well as the French-language specialty channels MusiquePlus and Max.

History

In June 2008, Remstar acquired the French-language network TQS, which had been owned by Cogeco and CTVglobemedia but entered bankruptcy protection in late 2007. The network was renamed V the following year. It was later reorganized into a separate entity named V Media Group, which was still majority-owned by Remstar, with a minority share held by a trust controlled by Remstar's owner, Maxime Rémillard.[1]

In December 2013, V Media Group announced plans to purchase MusiquePlus and MusiMax from CTVglobemedia's successor Bell Media, which had earlier in the year received approval to purchase Astral Media, but divested several networks in order to reduce its total market share following the purchase.[2]

The acquisition was approved by the CRTC on September 11, 2014. To fund the purchase, 15% stakes in V Media Group were purchased by each of the Caisse, Fonds de solidarité FTQ, and Investissement Québec, while Rémillard's trust also increased its stake. As a result, Remstar remains the largest single shareholder but no longer holds a majority interest in V Media; however Remstar's owner (Rémillard) still has majority control.[3][4][5] The sale closed on September 16, 2014.[5]

In June 2016, V Media Group announced a partnership with Vice Media; the companies will establish a studio to co-develop French-language content, and launch a French-language version of its Viceland specialty channel in 2017.[6][7]

Current ownership structure

Following the purchase of MusiquePlus and MusiMax, the shareholders and voting interests of V Media Group are now as follows:[4]

References

  1. ↑ "CRTC Ownership Chart for Remstar" (PDF). 2014-08-19. Retrieved 2014-09-21.
  2. ↑ "Bell Media signs deal to sell MusiquePlus and MusiMax to V Media Group". Canadian Press. Archived from the original on 11 December 2013. Retrieved 4 December 2013.
  3. ↑ Faguy, Steve (13 September 2014). "CRTC approves V's purchase of MusiquePlus/MusiMax". Retrieved 13 September 2014.
  4. 1 2 "MusiquePlus and MusiMax - Change in effective control and licence amendments". CRTC. Retrieved 13 September 2014.
  5. 1 2 http://vtele.ca/v/communiques/groupe-v-media-acquiert-musiqueplus-et-musimax-et-annonce-l-arrivee-de-nouveaux-partenaires-financiers_459.php
  6. ↑ "Vice to launch edgy TV channel Viceland in Quebec, expand internationally". Montreal Gazette. Postmedia Network. Retrieved 10 July 2016.
  7. ↑ "Vice Media's Viceland To Launch In More Than 50 New Countries". Deadline.com. Retrieved 10 July 2016.
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