Rtl Group Buys Out Disney From Kids Network Super Rtl – Global Bulletin

Rtl Group Buys Out Disney From Kids Network Super Rtl – Global Bulletin
In today’s Global Bulletin, Rtl Group buys out Disney’s share in Super Rtl, Japanese streaming service Meecha prepares to launch later this month and Cph:dox announces its 2021 Forum titles.

Buyout

Pan-European media giant Rtl Group’s largest business unit, Mediengruppe Rtl Deutschland, has closed an agreement with The Walt Disney Company’s Bvi Television Investments for complete ownership of German kids and family network Super Rtl, buying out the House of Mouse’s 50% share and raising Rtl’s shareholding to 100%. The transaction is now waiting for approval from the German and Austrian competition authorities.

According to Rtl, the acquisition is part of the company’s larger growth plan for its Rtl streaming platform TV Now and its strategy to consolidate its existing broadcast footprint in Europe. The deal is a further step down a path which has seen the company’s French broadcasting business M6 acquire kid’s
See full article at Variety »

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