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MUMBAI:
Ovation TV, the arts TV network backed by Hubbard Media and
Harvey and Bob Weinstein has acquired International Music
Feed (IMF), a music video channel operated by Universal Music
Group.
The
network will add IMF's 8 million monthly subscribers to its
existing base of 17 million across Time Warner and Comcast
cable systems, and DirecTV satellite service.
IMF
features concerts, interviews and music videos and was launched
in 2005.
Under
terms of the deal, Universal Music Group gained a minority
equity stake in Ovation.
Ovation
TV publicised itself as the only network devoted to the arts
and arts-related programming, launched in 1997 with a focus
on classical and fine arts. In June 2007, the channel relaunched
with a broader definition of arts programming.
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