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TecTime TV starts looking for investors

January 10, 2017 09.36 Europe/London By Jörn Krieger

TecTime TV, the German thematic channel covering technology and multimedia, is looking for new investors and co-operation partners, Christian Mass, managing director of operating company DrDish Television, told Broadband TV News.

DrDish Television earlier filed for insolvency at the district court in Munich. On January 2, 2017, the court placed the company’s assets under preliminary receivership and appointed Munich-based lawyer Dr Matthias Hofmann as the preliminary insolvency administrator.

Two potential investors have already contacted the insolvency administrator, said Mass. There are also parties interested in co-operations, for example in the areas of production and studios, he added. “The strong support we receive from all sides is worth a lot to us.”

The insolvency was caused by an investor backing out on short notice for personal reasons on December 15, 2016, said Mass. “We didn’t have a choice and had to pull the emergency break.”

The live-stream of TecTime TV (formerly called Dr.Dish TV) on the channel’s website continues, but the satellite distribution on Astra (19.2° East) has been terminated for now.

“The collaboration with the insolvency administrator work well,” said Mass. Depending on the course of the discussions with the interested parties, it would take around three months “to reach the point again where we were.”

The employees are currently laid off. The target would be to keep the core workforce in the editorial and film cutting areas, but convert some of the jobs from permanent positions to freelance work, said Mass.

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Filed Under: Distribution, Editor's Choice, Finance, Newsline, Satellite, Satellite Tagged With: Astra, Christian Mass, Dr.Dish TV, insolvent, TecTime TV Edited: 11 January 2017 09:41

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About Jörn Krieger

Jörn reports on the latest developments in Germany, Austria and Switzerland. Since 1992, he has been working as a freelance journalist, specialised in digital media, broadcast technology, convergence and new markets. He also takes up University lectureships, writes articles in specialist publications, and produces radio reports. Jörn is also a moderator of panel discussions at industry events such as ANGA COM, Medientage München and IFA Berlin.

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