Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Germany's RTL acquires Nickelodeon rights for children's TV network

Published 23/04/2024, 12:39
© Reuters.

BERLIN (Reuters) - Super RTL, a children's television network belonging to Bertelsmann's RTL Group, has struck a deal to acquire Nickelodeon series in Germany, the group said in a statement on Tuesday.

Under the agreement, Super RTL will acquire a rights package to bring current and upcoming series from Nickelodeon, owned by Paramount Global, to its television programme.

The German broadcaster also plans to take over Nickelodeon's established satellite frequency to create a new linear children's channel, the statement said.

This is to feature predominantly popular Nickelodeon series including "PAW Patrol" and "SpongeBob SquarePants".

The value of the deal was not made public.

Germany's competition regulator is assessing the impact of the deal and must give its go-ahead for the acquisition.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.