Viacom Inc.’s MTV is creating artist-focused websites where musicians can sell songs, concert tickets and merchandise, as the cable network seeks closer business ties with performers.
Viacom Inc. said it will acquire the U.K.’s Channel 5 for 450 million pounds ($761 million), giving the owner of MTV and Comedy Central a new stage for its shows in Britain and a chance to create programs for the local market.
Viacom Inc.’s MTV “Video Music Awards,” featuring a tribute to the late Amy Winehouse, attracted 12.4 million viewers, the network’s largest audience ever.
Multi Channel Developers Inc., a Turkish television distribution company that is being sued by Viacom Inc. ’s MTV Networks, said it filed a counterclaim against Viacom in London.
Roedy Discusses Media & Technology