European broadcast group RTL is eyeing expansion into Asia and eastern Europe. Chief executive Gerhard Zeiler told investors that it hoped to make the move within the next five years. “We want to enter new markets. Geographically, we will look at Asia and eastern Europe, in which we expect a recovery of the television advertising market,” he said.
RTL, which currently operates 43 channels in ten countries in Europe, is also looking to move into pay-TV in the markets that it currently operates free-to-air broadcasters. However, he added: “There are no concrete deals in the pipeline at this stage.”
This comes as RTL posted significantly improved financial results and follows RTL’s exit of the UK broadcasting market with the sale of commercial broadcaster Five to Richard Desmond’s Northern & Shell.
ICYMI: Vodafone sees TV losses in Germany as competition bites digitaltveurope.com/2021/07/23/vod… https://t.co/K0O4Gs51fz
23 July 2021 @ 19:30:00 UTC
Samba TV launches global TV viewership dashboard digitaltveurope.com/2021/07/23/sam… https://t.co/uwKaADjWGL
23 July 2021 @ 18:30:00 UTC
Redbox turns to Wurl for Free Live TV expansion digitaltveurope.com/2021/07/23/red… https://t.co/RfRLUgLcZi
23 July 2021 @ 17:00:00 UTC
Freesat passes European IRS Certification Scheme for UHD receivers digitaltveurope.com/2021/07/23/fre… https://t.co/Q5gfVFOGOG
23 July 2021 @ 16:35:00 UTC