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RTL sells Universum Film to KKR

February 25, 2019 11.26 Europe/London By Jörn Krieger

US financial investor KKR takes over German movie rights distributor Universum Film from Mediengruppe RTL Deutschland.

Financial details were not disclosed. Bernhard zu Castell will remain managing director of Universum Film. The purchase of the company, which acquires and licences film rights, is subject to regulatory approvals.

KKR recently bought Tele München Gruppe (TMG), which is also active in the film rights business, and announced further acquisitions.

“I am proud that we are one step closer to our vision of creating something truly new and unique in the German entertainment industry,” said Philipp Freise, partner and head of the European investment team for technology, media and telecommunications at KKR.

“Universum ideally complements our platform: Like no other, the company brings tailor-made content to the viewer – in the cinema or at home,” added Freise. “With Universum and TMG, the platform is already one of the best in the industry in many areas. We want to build on these strengths and continue growing.”

RTL and Universum Film want to continue working closely together in the areas of series and film development and rights acquisitions.

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Filed Under: Finance, Newsline Tagged With: KKR, Mediengruppe RTL Deutschland, Philipp Freise, Tele München Gruppe, Universum Film Edited: 25 February 2019 11:30

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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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