Regulators set to probe German online video project

The online video platform being designed by German broadcasters RTL and ProSiebenSat.1 is set to be investigated by regulators in Germany and Austria.

The news comes after the European Commission agreed to give local regulators the first chance to investigate the proposed venture and see if it would restrict competition. The two broadcasters are looking to launch an ad-supported online video site that would allow consumers to watch content from their bouquet of channels as well as other broadcasters including public broadcasters. The two broadcasters submitted their plans to the European Commission earlier this summer.