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Media Group Ukraine

From Wikipedia, the free encyclopedia
Media Group Ukraine
Company typeMedia Holding
IndustryMass media
Key people
Yevgeniy Bondarenko
CEO
ProductsTelevision, broadcasting, scenery, sales houses, new media, movies, entertainment, commercials production
Websitemgukraine.com/en/

Media Group Ukraine (Ukrainian: Медіа Група «Україна») was a media holding company that manages System Capital Management Group's television and new media projects. The holding company is a professional investor in Ukrainian media business. Media Group Ukraine was one of the largest media holding companies in Ukraine.

In July 2022, it was announced that Rinat Akhmetov (sole owner of the media group) had left the media business.[1] It was announced that Media Group Ukraine plans to give up all broadcast and satellite television licenses and print media licenses in Ukraine in favor of the state, as well as the termination of online media. Akhmetov explained the decision by citing Ukraine's new law on oligarchs, though insisted that he "was not, am not and will not be an oligarch."[2][3] However, Forbes Ukraine reported that the Media Group Ukraine cost $100-150 million USD per year, thus it was not profitable business and Akhmetov decided to cut costs during the ongoing war with Russia.[4] On 21 July 2022 the National Council of Ukraine for Television and Radio canceled the licenses of the eight TV channels of Media Group Ukraine.[5]

Subsidiaries

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The company was established in 2010 and included:

  • Ukrayina, a national FTA TV channel
  • entertaining youth TV channel NLO-TV
  • News channel Україна 24
  • thematic TV channels Football 1, Football 2, Football 3
  • regional TV channel Channel 34
  • Digital Screens (video-on-demand platform OLL.TV)
  • Tele Pro (a production company)
  • Mediapartnerstvo Media Agency
  • Segodnya Multimedia

Media Group Ukraine' channels its principal investments into development and promotion of existing business areas and technologies and into new, prospective projects.

References

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  1. ^ "UkrainianAkhmetov hands media business over to government – statement". Interfax-Ukraine. 11 July 2022. Retrieved 24 February 2023.
  2. ^ "Ахметов відмовився від своїх телеканалів та медіа-бізнесу". РБК-Украина (in Russian). Retrieved 2022-07-12.
  3. ^ "Ахметов заявив, що виходить із медійного бізнесу на користь держави". Українська правда (in Ukrainian). Retrieved 2022-07-12.
  4. ^ "Гордість чи збитки. Що змусило Ріната Ахметова відмовитись від всього медіабізнесу — Forbes.ua". forbes.ua (in Ukrainian). 2022-07-11. Retrieved 2022-07-12.
  5. ^ "National TV Council annuls licenses of Rinat Akhmetov's TV companies". Interfax-Ukraine. 21 July 2022. Retrieved 24 February 2023.
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