Support The Moscow Times!

Disney to Buy SevenTV Stake

Walt Disney Company, owner of ABC television, agreed to buy a 49 percent stake in Russia's SevenTV network and will rename it the Disney Channel.

Disney is acquiring the stake from United Television Holding Russia, a Moscow-based television broadcaster, the Burbank, California-based company said Thursday in a statement. Financial terms were not disclosed.

The U.S. entertainment company currently provides Disney Channel programs to cable and satellite operators in Russia. SevenTV reaches more than 75 percent of the country's viewers through a network of stations, according to the statement. United Television Holding also owns the MuzTV channel, which targets 11- to 34-year-old viewers.

(Bloomberg)

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.