CTV sells 5% stake in showbiz network
Swedish NonStop Television has bought the 5% stake that Canadian network CTV previously owned of entertainment channel Star! for an undisclosed sum.
This means that NonStop now has total control over Star, which broadcasts in the Scandi, Baltic and Benelux countries. The network offers celeb stories as well as red carpet coverage of showbiz events.
The deal includes NonStop getting access to CTV production until 2011.
With a view to expand in the Europe, the Middle East and Africa, NonStop CEO Ignas Scheynius said, “We are in negotiations with several broadcasters in the EMEA.”