Future PLC Acquisition of Marie-Claire US (2934Y)
May 12 2021 - 01:00AM
UK Regulatory
TIDMFUTR
RNS Number : 2934Y
Future PLC
12 May 2021
12 May 2021
Future plc
Acquisition of Marie-Claire US
Future plc (LSE: FUTR, "Future", "the Group"), the global
platform for specialist media, today announces the acquisition of
Marie Claire US, a joint venture between Marie Claire Album S.A.S.
("MCA") and Hearst Magazines Media Inc. Future has entered into a
five year license agreement with MCA to operate in the US and
Canada. Marie Claire US reached 17.5 million monthly online users
in 2020 with revenue of $19.1m of which approximately half
represents digital media revenue.
The acquisition follows Future's acquisition of Marie Claire UK
in 2020 and builds on the ongoing success of the MarieClaire.co.uk
brand. It strengthens Future's position in the women's lifestyle
vertical in North America in line with the Group's strategy to
achieve brand vertical leadership across English speaking
markets.
As previously announced, Future will publish its interim results
for the six months to 31 March 2021 on Wednesday 19 May 2021. A
video conference call for analysts and institutional investors will
be held at 8.30am on the day.
- Ends -
Enquiries
Future plc
Zillah Byng-Thorne, Chief Executive Officer +44 (0)1225 442244
Rachel Addison, Chief Financial Officer
Marion Le Bot, Head of Investor Relations +44(0)7775 641509
Media
Headland +44 (0) 20 3805 4822
Stephen Malthouse, Rob Walker, Charlie Twigg
future@headlandconsultancy.com
About Future
Future is a global platform business for specialist media with
diversified revenue streams. Its content reaches over 1 in 3 adults
online in both the UK and the US.
The Media division is high-growth with complementary revenue
streams including eCommerce for products and services, events, and
digital advertising (including advertising within newsletters). It
operates in a number of sectors including technology, games &
entertainment, music, home & gardens, sports, TV & film,
real life, women's lifestyle and B2B. Its brands include TechRadar,
PC Gamer, Tom's Guide, Android Central, Truly, Digital Camera
World, Homebuilding & Renovating Show, GamesRadar+, The
Photography Show, Top Ten Reviews, Marie Claire, Live Science,
Guitar World, MusicRadar, Space.com, What to Watch, Gardening Etc,
Adventure and Tom's Hardware.
The Magazine division focuses on publishing specialist content,
with a combined global circulation of over 3 million delivered
through more than 115 magazines, and 410 bookazines published a
year. The portfolio spans technology, games & entertainment,
sports, music, photography & design, homes & garden,
country lifestyle, TV & film and B2B. Its titles include
Country Life, Wallpaper, Woman & Home, Classic Rock, Decanter,
Guitar Player, FourFourTwo, Homebuilding & Renovating, Digital
Camera, Guitarist, How It Works, Total Film, What Hi-Fi? and Music
Week.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
ACQABMRTMTIBBAB
(END) Dow Jones Newswires
May 12, 2021 02:00 ET (06:00 GMT)
Future (LSE:FUTR)
Historical Stock Chart
From Feb 2024 to Mar 2024
Future (LSE:FUTR)
Historical Stock Chart
From Mar 2023 to Mar 2024