Russia’s CTC Media, National Media Group (NMG) and YUTV plan to team up in order to jointly buy content from Hollywood majors.
The Russian broadcaster CTC Media is now likely to be sold to YUTV without any discount.
The Russian holding YUTV has begun to restructure in order to ensure its business complies with the 20% foreign ownership rule that comes into force at the beginning of 2016.
Disney is set to reduce the stake it holds in its Russian channel in order to comply with upcoming legislation.
UTH Russia (YUTV) holding has made a formal non-binding offer to buy a 75% stake in the Russian commercial broadcaster CTC Media.
The Russian TV media group YUTV is understood to be up for sale.
Changes are afoot in the music channel business in Russia, with the future of MTV being put in doubt.
The Walt Disney Company and Russian media company YUTV Holding have signed an agreement to establish a national channel in Russia using the Disney brand.
A new TV media group named YUTV has been formed in Russia.