BERLIN — In a licensing deal with German media group Advanced Medien, European entertainment giant CLT/Ufa has acquired free and pay TV rights to a film package that includes Paramount’s “Bless the Child,” “Daybreak” and “Falcon Down.”
The deal, the price of which remained undisclosed, is the latest in a number of moves by the Luxembourg-based CLT/Ufa. The group is investing more than DM1 billion ($530 million) to boost its standing in Germany’s competitive TV market, according to German daily Sueddeutsche Zeitung.
Last week the company put in a bid to increase its stake in British network Channel Five, reportedly offering $280 million for an additional 18% share. CLT/Ufa already controls 29% of the web.
The group has also confirmed that it is in talks with Rupert Murdoch on behalf of RTL to buy the television rights to European Champions League football. Last month CLT/Ufa bought out Murdoch’s 49.9% stake in German channel Vox, leaving it with a 74.8% holding.
CLT/Ufa is owned by Luxembourg-based Audiofina and Germany’s Bertelsmann.