TeamRock Purchases Classic Rock And Metal Hammer For £10.2million
Tuesday, 02 April 2013
Written by Elliott Batte
Two of the UK’s biggest rock and metal brands - Classic Rock and Metal Hammer - have been sold today, as new international multi-media content creation and distribution business TeamRock continues to expand.
The two companies were previously owned by Future Publishing, but TeamRock have now acquired them both - including all of their brand extensions, such as The Golden Gods and The Classic Rock Roll of Honour - in a £10.2million swoop.
TeamRock is a new company formed to 'provide and create premium content to rock music fans across the world via digital platforms and through the Classic Rock and Metal Hammer titles'.
Billy Anderson, CEO of TeamRock, said: “We are delighted to acquire these wonderful brands that will play a significant part in the development of our larger business. They come with a great team led by Chris Ingham and we look forward to investing further in their development.”
The CEO of Future Publishing has also commented on the deal, saying: “Classic Rock and Metal Hammer are highly successful and well-managed parts of Future, but they have not been centre stage in our current growth strategy. They are great brands with a great team and I am confident they will continue to flourish under new investment from Team Rock.”
What do you think of the news - are their good times ahead for Classic Rock and Metal Hammer? Let us know your opinion in the comment box below.
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