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.
RTL Group is to combine its digital video business in the Nordics (United Screens) with Divimove, RTL Group’s Berlin-based digital video company.
RTL Group is discontinuing the activities of its multi-platform network StyleHaul.
At the end of March 2019, RTL Group registered 1.15 million paying subscribers for its video-on-demand platforms (TV Now in Germany and Videoland in the Netherlands), up 59% year on year.
The sudden departure of Bert Habets as CEO of the RTL Group has an unusual aftermath, with the Group refusing to discharge him.