Full acquisition

02.03.2021, Germany/Luxembourg, RTL Group

RTL Group to acquire full ownership of Super RTL.

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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

"As a co-founder and long-time co-shareholder, we are delighted to welcome Super RTL fully into Mediengruppe RTL Deutschland,” says Bernd Reichart, Chief Executive Officer of Mediengruppe RTL Deutschland. “With Super RTL's strong TV and digital expertise and our agile corporate culture, we will jointly be able to shape our digital agenda even more efficiently and quickly in the future. We look forward to even closer working relationships with the highly professional team we are already very familiar with."

"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

"Given the current market developments, this step is consistent and logical: in future, we will think and act even more as one company,” says Claude Schmit, CEO at Super RTL. “Trust and cooperation already exists between our teams, and also between Bernd and myself, and is the ideal basis for the future. At the same time, I would like to thank the Disney team for an exciting and successful time in a constellation that is certainly anything but ordinary."
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