PRESS INFORMATION



 
 


 

RTL Group to expand its TV activities in Russia

Luxembourg, 22 November 2007 – RTL Group, the leading European entertainment network, today announced that it has signed an agreement with Luxembourg-based Continental Finance Group S.A. (CFG) to build up a joint venture for the production, operation and distribution of thematic, non-terrestrial TV channels in Russia and in the Commonwealth of Independent States (CIS).

According to the agreement, RTL Group will purchase 50 per cent of the shares of Content Union S.A. (CUSA) in which CFG already contributed its four own produced Russian thematic channels, called Russkiy Illusion (Russian movies), Illusion Plus (international classic movies), Detskiy (children’s channel) and Zoo Park (animal channel). These channels are also distributed in the cable networks of Ukraine, Belarus, Kazakhstan, Moldova and Georgia. In addition, the joint venture will act as a distribution agent for third-party channels.

With the deal RTL Group will enter the nascent Russian satellite and cable TV market, thereby strengthening its presence in one of the fastest growing advertising markets.
In 2005, RTL Group acquired a 30 per cent shareholding in the terrestrial TV network Ren TV which will continue to operate independently from the newly created joint venture.

 

For further information please contact:

Oliver Herrgesell 
Corporate Communications 
Phone: +352/2486 5200 

oliver.herrgesell@rtlgroup.com



About RTL Group
RTL Group is the leading European entertainment network, with interests in 38 television channels and 32 radio stations in ten countries and content production throughout the world. The television portfolio of Europe’s largest broadcaster includes RTL Television in Germany, M6 in France, Five in the UK, the RTL channels in the Netherlands, Belgium, Luxembourg, Croatia and Hungary, Ren TV in Russia and Antena 3 in Spain. RTL Group’s flagship radio station is RTL in France, and it also owns or has interests in other stations in France, Germany, Belgium, the Netherlands, Spain and Luxembourg. RTL Group's content production arm, FremantleMedia is one of the largest international producers outside the US. Each year, it produces more than 10,000 hours of programming in 22 countries.