Disney may sell German TV stake to Bertelsmann

CLT-UFA taking interest in channel duo

FRANKFURT, Germany — Walt Disney Co. and German media group Bertelsmann are close to an agreement that could lead to the sale of Disney’s stake in television channels Super RTL and RTL2, the German magazine Der Spiegel reported Saturday.

The magazine said that under the agreement, Disney and CLT-UFA, which is owned by Bertelsmann and Audiofina, had arranged an option on the sale of the stake to CLT-UFA in two years.

The stake is worth about 150 million marks ($85 million) and its transfer would make CLT-UFA the majority shareholder.

Spiegel said that as part of the deal, Disney would get more money for its feature films and cartoon series, and a legal dispute between Disney and CLT over an old agreement would be settled.

The magazine said the deal would in effect create a television group controlled by CLT-UFA, containing the RTL, RTL2 and Super RTL channels.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Biz News from Variety

Loading