Trace has acquired the UK-based music channels Chart Show TV, Chart Show Hits, Starz and The Vault from Sony Pictures Television (SPT).
The Trace group is launching two new channels: Trace Ayiti and Trace Latina.
Modern Times Group (MTG) has completed the sale of its 75% stake in Trace to TPG Growth for €30 million, or approximately SEK313 million, in cash.
TPG Growth, the middle market and growth equity investment platform of global alternative asset firm TPG, will acquire a majority stake in Trace from MTG.
Trace is launching Trace Content Distribution, a division dedicated to the worldwide distribution of audiovisual programmes.
Trace will launch its SVOD service TracePlay in the Democratic Republic of Congo (DR Congo) at the end of this year.
Trace is expanding into the US market launching a joint-venture, Trace USA, with key American media shareholders.
Trace has launched the world’s first hybrid digital service (SVOD, live TV and live radio) dedicated to urban music and entertainment.
Trace has entered into an agreement with the East African entertainment provider Zuku to distribute two new channels.
Trace has acquired the pan-African VOD service Buni.tv in preparation for the launch of its own VOD platform TracePlay, scheduled for later this year.