U.K.'s future network acquires leading German video game publisher

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LONDON--The Future Network, the U.K.'s fourth largest consumermagazine publisher, has strengthened its position in the European videogame and home computing magazine market following the acquisition of theGerman publisher Weka Consumer Medien GmbH. Future bought the German pub-lisher of PC and video games from its parent company, Weka Firmengruppe,for about $14.6 million. Weka Consumer Medien publishes four magazines -PC Player, PlayStation-das Fun Magazin, Power Play and Video Games--withtotal monthly copy sales of about 300,000.

"Germany is Europe's largest market for video game and home computing magazines and is therefore an important target in our European expansion plans," said Greg Ingham, CEO of the Future Network. The German marketis estimated to be worth $1 billion last year.

Future established its German business in Munich last April and was recently appointed by Sega to be the publisher in Germany of the Official Dreamcast magazine scheduled for launch in August.

Future is already a leading video game publisher in the U.K., Franceand Italy and has a "significant position in the U.S.," according toMr. Ingham.

Founded in 1985, Future publishes more then 100 titles and employsabout 1,200 people in Bath, England; London, San Franciso, New York,Paris, Milan and Munich. The company was floated on the London StockExchange on June 25 and has a current market capitalization of about$990 million.

Copyright July 1999, Crain Communications Inc.

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