All Media Eesti acquires leading instore audio network in Estonia

Tallinn, 21th May 2019. All Media Eesti continues to strengthen its activities in the advertising sector and  has acquired 90% of the shares of Artist Media OÜ, the number 1 company in Estonia providing in-store radio, audio and BTL services. Priit Laur, the former majority shareholder of Artist Media, will continue to hold 10% of the shares.

Priit Leito, CEO All Media Estonia: “Offering integrated media solutions is a strategic priority for our group. The acquisition of Artist Media will provide our advertising clients with the possibility to reach consumers seamlessly throughout the day across multiple media touchpoints in TV, Radio, Digital up to the Point of Sale.  Artist Media brings years of experience in Point of Sale Communication and Retail to our company. We highly appreciate the successful work of Artist Media over the past two decades, as well as its strong team and their excellent organizational culture”

Priit Laur, Founder and majority shareholder of Artist Media: “All Media Eesti is a great partner for Artist Media and allows us to continue the development of our company and its 17-year history” added Priit Laur. “All Media Eesti will create new opportunities for Artist Media to further expand its activities, moreover, its services can be used in radio and TV stations of All Media Eesti.”

The parties will not disclose the price of the transaction.

All Media Eesti is a 100% subsidiary of  All Media Baltics – the largest media and broadcasting group in the Baltic region. Driven by innovation and opportunities in the media sector, Providence Equity Partners, a global premium asset management company, acquired Modern Times Group’s Media business (Free-TV), Subscription and Content distribution businesses (Pay-TV), digital and radio businesses in the Baltic region in October 2017. Now the company operates as All Media Baltics. AM Baltics’ brands are – TV channels: TV3, LNT, TV6, Kanāls 2, 3+, TV8, TVPlay Sports, TV1000 Premium; radio channels: Star FM, Radio Volna and Power Hit Radio; the largest AVOD video portals TVPlay; digital adverting platform SmartAD; news and entertainment portals: Skaties.lv, Uudised.ee, Buduaar.ee and TV3.lt, as well as the largest SVOD platform in the Baltics TVPlay Premium and the leading DTH platform in the Baltics TVPlay Home.

Artist Media is the biggest company in Estonia providing comprehensive in-store radio services, audio and BTL solutions for supermarkets and has been operating since 2002. Its services includes the sales of advertising spaces in shopping centres, production of commercial clips for in-store radios, background music solutions and soundscapes, audio branding solutions as well as the design, installation and maintenance of audio systems.

Contacts for All Media Baltics in Estonia

AS All Media Eesti
Peterburi tee 81,
11415 Tallinn
Estonia

Tel.: +372 6220 200
Fax: +372 6220 201
Email: tv3@tv3.ee

Contacts for All Media Baltics in Latvia

SIA "All Media Latvia"
Dzelzavas iela 120G
Rīga, LV – 1021
Latvija

Tel.: +371 67479000
Fax: +371 67479100
Email: office@ambaltics.eu

Contacts for All Media Baltics in Lithuania

UAB All Media Lithuania
Kalvarijų street 135
LT-08221 Vilnius
Lithuania

Tel.: +370 5 20 30 101
Fax: +370 5 20 30 103
Email: info@tv3.lt