RTL Group announces strategic relationship between Five and Top UP TV
Luxembourg, 18 November 2005 - RTL Group, the leading European broadcasting and production company, today announces that its fully owned UK television station, Five, has reached an agreement to take a strategic investment in Top Up TV’s business. This will enable both parties to explore and develop a number of free and pay services on Freeview and other platforms including Five’s plans to launch further free-to-air channels.
Five is confident that this relationship will present a number of opportunities to launch new free-to-air services during the course of 2006.
David Chance, Top Up TV Chairman, said: “We have an excellent relationship with Five and extending it in this way is a natural next step for our continued growth.”
Jane Lighting, Five’s Chief Executive, said: “I am delighted that we are building on our relationship with Top Up TV which we believe will be beneficial to both parties and to the Freeview platform. We will announce more details in the New Year.”
The level of the strategic investment will not be disclosed.
JPMorgan is advising RTL Group in relation to its UK strategy.
For further information:
Phone: 00352/2486 5075 or 5130
Sue Robertson on 020 7550 5633 or firstname.lastname@example.org or
Paul Leather on 020 7550 5541 or email@example.com
Top Up TV
About RTL Group
RTL Group is Europe's leading commercial broadcaster, with interests in 32 television channels and 31 radio stations in eleven countries and content production throughout the world. Its television portfolio includes RTL Television in Germany, M6 in France, five in the UK, and the RTL channels in the Netherlands, Belgium, Luxembourg, Croatia and Hungary, REN TV in Russia as well as Antena 3 in Spain and TVI in Portugal. 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, Portugal and Luxembourg. RTL Group's content production arm, FremantleMedia is one of the largest international producers outside the US. It is currently producing about 280 programmes in over 40 countries including the USA, providing a wide range of drama, entertainment and factual programming for viewers around the world.
Launched in 1997, Five is the UK's fastest growing commercial terrestrial station. The key to five's success is its investment in programming. Five has developed a reputation for being a broad appeal channel with particular strengths in programming areas such as childrens, factual entertainment, news, arts and features. It also offers the best in US programming with series such as the CSI and Law&Order franchises.
About Top Up TV
Top Up TV launched in March 2004 and offers 11 extra channels, including UKTV Gold, Discovery Channel, Cartoon Network and British Eurosport, to Freeview viewers for £7.99 per month with no annual contract.