- Noted April 4
Fuse, the network that bills itself as the place "where music lives," has a new owner: Jennifer Lopez.
The parent company behind NuvoTV, which Lopez holds a minority stake in, is plopping down $226 million for the struggling network. Fuse parent company MSG has been looking to offload the channel for awhile, and its top bidders turned out to be two very famous people: Lopez and her ex-boyfriend, P. Diddy. In the end, Team Lopez offered $25 million more than Diddy, who was planning on using Fuse's cable deals to promote his newly launched music channel, RevoltTV.
Lopez is the chief operating officer of NuvoTV, an English-language network aimed at a Latino audience. "Music is my first love so the acquisition of Fuse is near and dear to my heart," she said in an interview with Variety. While there was speculation that Fuse would be shuttered and replaced with NuvoTV, so far Lopez has insisted the two channels will be kept separate.- - Jordan Valinsky
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