Ten Network Holdings (ASX:TEN) has announced plans to launch a new channel early next year.
Ten will launch Eleven, a youth-centric channel with programming chosen to appeal to the 13-29 demographic.
The company has also proposed to form a joint venture with US studio partner CBS Studios over the provision of content to the new channel.
“Considerable due diligence has been applied to this watershed strategic opportunity...culminating in the careful consideration and crafting of Eleven,” Ten CEO Grant Blackley said.
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