Fox International Channels has taken a controlling stake in Overseas property channel Real Estate TV. The channel, a joint venture between Bruce Dunlop & Associates and Mark Dodd, was launched in October 2004 and has carriage on Sky Digital, Virgin Media and BT Vision.
“RETV is addressing an attractive and underserved media market with strong growth potential. Our strategy has always been to find innovative brands that satisfy market gaps and then use our distribution power and know-how to extend these globally,” David Haslingden, CEO of FIC. “We will work aggressively to rollout the RETV service to other key markets around the world”.
Fox International Channels is best known in the UK for the FX entertainment channel and its participation in the National Geographic Channel. It also has a significant portfolio in Continental Europe where its interests include Fox Life and Fox Crime.