(Mosсow/Vienna, 22 October 2013) The investment holding company “Finstar Financial Group” announced the acquisition of shares in the international TV company FashionTV. The transaction amount and the size of the acquired share have not been disclosed by the mutual agreement of the parties.
“We are happy to get a new partner, with whom we have the same views on the development of the market in this segment of business,” said Michel Adam, the President & Founder of FashionTV and informs about future plans as “The world-famous FashionTV brand will continue its successful development and plans to strengthen its position also within the global entertainment market.”
“FashionTV – a strong brand in the fashion world, has great potential for the entertainment market, and it is an excellent platform for the development of new projects in the field of media and Internet technology. The participation is made on behalf of a new holding company which is established to engage in investment in the media, film and entertainment industries,” said Oleg Boyko, the President and Shareholder of the investment holding company “Finstar Financial Group.”
About Fashion TV
Founded by its president Mr. Michel Adam in 1997, Fashion TV is the biggest fashion media in the world. As the only global 24/7 TV station focused exclusively on fashion, beauty, trends and style, FTV broadcasts the latest news & information to over 440 million households and 7 million public places worldwide. Fashion TV is more than a channel, it is a lifestyle. The community of FTV viewers is considered the most luxurious, glamorous and fashion-oriented target group among all media consumers, who not only love to watch the fashionable lifestyle on TV, but they also enjoy LIVING IT. As a result, Fashion TV branded products, locations (F Clubs, F Bars, F Hotels etc…) and high-profile events are increasingly popular and sought-after by millions of fans around the world. On the Internet today, FashionTV is the leading source of information about fashion, beauty and style on YouTube 140.million views last 12 months, social networks Facebook 2.5 million fans, VK.com, Twitter and Google+ 2.5 million fans. FashionTV news sites will soon offer broadcasts in Russian. For more information about Fashion TV please also visit www.ftv.com