pleaded not guilty to a murder charge and has remained jailed without bail since his arrest Sept. 29 outside his home in suburban Henderson, where Las Vegas police had served a search warrant in mid-July.
15.12.2023 - 10:43 / deadline.com
RTL Group is selling its Dutch business RTL Nederland for €1.1B ($1.2B) in cash.
DPG Media, a European operation with bases in Benelux and Denmark, has reached an agreement with RTL to acquire the business, which comprises a family of free-TV and pay-TV networks and popular streaming service Videoland.
The all-cash transaction is expected to close in mid-2024, subject to regulatory approvals.
RTL had previously attempted to merge its Dutch assets with John de Mol’s Talpa Network, but this was stopped by regulators on competition grounds. Today’s deals ties into the European giant’s belief that major networks on the continent need to either merge or strategically partner to compete with global streamers.
As such, part of the agreement sees RTL and DPG enter into a strategic partnership that spans technology, ad sales and content.
RTL networks in Germany, France and Hungary will receive first-look rights for all new RTL Nederland programs, with DPG allowed to use the ‘RTL’ brand until at least December 2034. DPG already uses the RTL brand in Belgium.
Conversely, RTL Nederlands networks will still use RTL services and the solutions provided by RTL ad-tech business SmartClip.
“For several years, we have consistently said that market consolidation in the European TV industry is necessary to compete with the global tech giants. After our in-country consolidation strategy was blocked by the competition authorities in January 2023, the sale to DPG Media is the best strategic option for RTL Nederland and all its stakeholders.
“We are looking forward to the strategic partnership with DPG Media, working closely together on European solutions in advertising and streaming technology, international advertising sales and joint
pleaded not guilty to a murder charge and has remained jailed without bail since his arrest Sept. 29 outside his home in suburban Henderson, where Las Vegas police had served a search warrant in mid-July.
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Elsa Keslassy International Correspondent RTL Group has reached a deal to sell RTL Nederland, the leading Dutch commercial TV group and owner of the local streaming service Videoland, to DPG Media, a multimedia company active in Benelux and Denmark. The sale of RTL Nederland is subject to regulatory approvals and a consultation with labor unions.
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