Big news for TV fans - TV3 has completed the transaction to acquire UTV Ireland
TV3 itself is owned by Virgin Media Limited.
And now, TV3 - Ireland’s leading commercial broadcaster, which is owned by Virgin Media Limited - has confirmed that the acquisition is complete.
Three free-to-air channels
TV3 confirmed it will have three free-to-air TV channels operating under the TV3 Group - the UTV Ireland channel will rebrand over the coming weeks and will join TV3’s existing channels, TV3 and 3e.
When the acquisition news first broke in July, Virgin Media’s CEO Tony Hanway said that the acquisition of UTV Ireland demonstrated the company’s commitment to Irish TV programming and production.
TV3 already produces homegrown drama Red Rock, which has been a huge hit, and soap fans will be pleased to know that TV3 has reclaimed the rights to broadcast Emmerdale and Coronation Street in Ireland.
Bringing together great channels
Speaking about the acquisition, Pat Kiely, Managing Director of TV3, said: “Today’s announcement strengthens independent television broadcasting in Ireland by bringing together great channels and great content under the one roof.
“The combined TV3 Group business is now better equipped to compete against significant local and international broadcasters. We can now also play an increasingly bigger role in the development of Irish originated production and broadcasting.
“I am confident that our new three channel structure will drive the future potential and long term growth of the business.”