Jennifer Lopez Outbids Ex-Boyfriend P Diddy For Music TV Network

Subscribe Jennifer Lopez

Jennifer Lopez may have got one over on ex-boyfriend Sean Combs a.k.a P Diddy.

The 44 year-old songstress has acquired the cable music channel Fuse TV, according to The Hollywood Reporter.

NuvoTV, where Lopez is a minority owner and its chief creative officer, has reached an agreement with the owner of Fuse to purchase the network from Madison Square Garden Company for $226 million.

"Music is my first love so the acquisition of Fuse is near and dear to my heart," Lopez said in a statement. "It's exciting that between NUVOtv and Fuse we'll have the ability to deliver a broad array of terrific content both from a Latino perspective and across multiple genres, including music, to a broader audience."

"The acquisition of Fuse means we now own two wonderful assets," she continued. "It's a phenomenal time for our company and we look forward to growing both networks in the years ahead."

Prior to securing this deal, P Diddy and billionaire supermarket mogul Ron Burkle had reportedly attempted to purchase Fuse TV for $200 million.

The two music superstars wanted to acquire the struggling network to enhance their own cable channels (Combs owns Revolt TV) and to have access to Fuse's 74 million households.

"The acquisition of Fuse represents a transformational event for us and also provides significant benefits to NUVOtv," said Michael Schwimmer, CEO of NUVOtv's parent company SiTV Media. "It enhances our distribution relationships, dramatically expands our aggregate subscriber base, provides substantial economies of scale, affords unique opportunities for programming and cross-promotion and should be extremely appealing to the advertising community as we roll out our plans for both NUVOtv and Fuse."

Although Fuse has now been acquired by Nuvo TV, this does not mean they will change the music-video heavy program's format. Lopez's manager Benny Medina said earlier in the week, "We do look at these channels as two different companies with two different identities, audiences and goals, and these shall remain intact."

Jnenifer Lopez
Lopez reportedly outbid her ex-boyfriend P Diddy

P Diddy
Diddy tried to aquire Fuse TV for $200 million


Tags: Jennifer Lopez

Subscribe Jennifer Lopez

More Jennifer Lopez

Jennifer Lopez - Red Carpet Interview (2014 American Music Awards) Video

Jennifer Lopez looking forward to closing the 2014 American Music Awards with Iggy Azalea.

What The AMA Awards Wont Let Jennifer Lopez And Iggy Azalea Do With Their 'Booty'

With American Music Awards just one day away we’re already getting pretty excited about what this year’s performers might have in store for us. But...

Randy Jackson Finally Says Farewell to 'American Idol' Family

'American Idol''s last original judge Randy Jackson is finally stepping down from the show after an impressive 12 year stint as both a judge and...

Jennifer Lopez Is Elegant In Black As She Arrives Outside 'Letterman'

Jennifer Lopez gets caught amongst some rather over-eager fans as she signs autographs outside the Ed Sullivan Theater in New York ahead of her appearance...


Jennifer Lopez Admits Huge Entourage Could Be Reason For Failed Relationships

Jennifer Lopez has undoubtedly had one of the most prosperous pop music careers ever, but unfortunately she cannot translate this success into her personal life,...

Jennifer Lopez Discusses Being Single & How She's 'Happy' For Ex-Husband Marc Anthony

Jennifer Lopez is 'happy' for her ex-husband Marc Anthony after the news of his engagement to model Shannon De Lima broke last week.Jennifer Lopez discussed...

Jennifer Lopez Recalls Painful Split From Ben Affleck In Memoir 'True Love': "It Felt Like My Heart Had Been Torn Out Of My Chest"

Jennifer Lopez has tied the knot three times and been involved in a string of long-term relationships, but Ben Affleck calling off their fairy-tale wedding...

Jennifer Lopez Opens Up About Splitting From Ben Affleck: "My First Big Heartbreak"

Jennifer Lopez has undoubtedly had one of the most prosperous pop music careers ever, but unfortunately she cannot translate this success into her personal life....



Jennifer Lopez Newsletter

Subscribe to this news alert service to receive news and reviews on Jennifer Lopez

Unsubscribe | Unsubscribe All