02.03.2021, Germany/Luxembourg, RTL Group
RTL Group to acquire full ownership of Super RTL.
RTL Group today announced that its largest business unit, Mediengruppe RTL Deutschland, has signed a binding agreement with its current joint venture partner, BVI Television Investments, Inc., a subsidiary of The Walt Disney Company, to acquire the outstanding 50 per cent shareholding in Super RTL. This will take RTL Group’s shareholding in Super RTL to 100 per cent. The transaction is subject to approval from the German and Austrian competition authorities.
The full acquisition of Super RTL will support the growth plan for the RTL streaming service, TV Now. The transaction is another step in RTL Group’s strategy to consolidate across its existing European broadcasting footprint. In 2019, RTL Group’s French broadcasting business, Groupe M6, completed the acquisition of the country’s leading free-TV channel for children, Gulli, and five pay-TV channels from Lagardère (Backstage reported). Most recently, RTL Group acquired the outstanding shareholdings in RTL Belgium’s TV and radio businesses, taking its ownership in RTL Belgium to 100 per cent (Backstage reported).
Bernd Reichart ©MGDRTL
"We will build our future together, strategically, both in content and organisation. It will be concentrated process. We will learn from each other and will, ultimately, become even better, faster and more successful. The fact that we already work closely together in many ways, and have known each other well for decades, creates the very best conditions for this. I am very pleased we can get going with Claude and his management team following the necessary approval," Bernd continues. "In the past, the Super RTL team has proven impressively how they can reinvent themselves again and again, showing innovation and creativity in a tough competitive environment."
Super RTL was founded in 1995 as a 50/50 joint venture between RTL Group and The Walt Disney Company. With its umbrella brands, Toggo and Toggolino, Super RTL has successfully developed into a digital entertainment company, distributing its content via linear TV channels, the RTL streaming service TV Now, digital radio and a variety of apps and websites. In addition, Super RTL operates a growing merchandising business.
Claude Schmit ©MGDRTL