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Future plc acquires Classic Rock brands
Posted by Jamie Hardesty on 09 Jan 2017
International media group Future plc has acquired magazines Classic Rock, Metal Hammer, Prog, Blues and the Golden Gods for £800k.
Bought from FRP Advisory, the administrators of Team Rock Limited, the deal sees the Bath-headquartered business take the domain names, events, radio licence and websites of the classic rock brands under its banner.
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."