On 10 December 1998, Universal Studios' parent, Seagram purchased PolyGram for $10.2 billion. In early January 1999, Carlton Communications bought the ITC television and film library from PolyGram/Seagram for £91 million, which reunited the programme library of ATV and Central Television and doubled the stock of its library division "Carlton International", by giving it a total of 15,000 hours of programming. Carlton chairman Michael Green said: 'The ITC library is a jewel in the crown. We can now unite it with the other gems from Britain's film and television heritage in our excellent library.' In 2004, Carlton merged with Granada plc to form ITV plc. ITV Studios continues to release ITC's original output through television and internet streaming repeats, books and DVD and Blu-ray releases.