Faced with growing competition by globally uniform players such as Netflix, Amazon Prime Video and Disney+, RTL Group wants to focus more strongly on its core brand RTL.
RTL AdConnect and smartclip will extend their international partnership for addressable TV and online video advertising solutions across Europe.
The supervisory board of Bertelsmann has extended the contract of the German media company’s chairman and CEO Thomas Rabe for another five years.
RTL Group has agreed in principle with its co-shareholders in its Belgian TV and radio operations to acquire their shares in RTL Belgium for cash and RTL Group treasury shares.
The number of registered subscribers for RTL Group’s streaming services TV Now and Videoland has increased by 32% year on year.
RTL Group has announced that it has completed the sale of its entire shareholding in Vancouver-based BroadbandTV to BBTV Holdings Inc, effective October 28, for €102 million (C$158.8 million).
RTL Group has posted a highest ever annual revenue of €6.7 billion for 2019.
Former StyleHaul executive Dennis Blieden pleaded guilty to embezzling more than $22 million from the company to pay for gambling and personal expenses.
A total of 69 employees will lose their jobs at RTL Group’s corporate sector as part of a social plan agreed on by the management and unions.
RTL Group has unveiled a new leadership structure and plans to create Europe’s leading ad-tech development unit.