Christian Siefert, the former chief of the German football league (DFL) has teamed up with publisher Axel Springer to launch a new streaming platform focused on German sports leagues and events other than football. The new service is set for launch in the autumn of 2023, with the aim of attracting sports fans by bundling […]
Germany’s leading tabloid news title Bild, owned by Axel Springer, is to launch its own TV channel. Bild plans to start broadcasting its own TV channel before the upcoming Federal election, this year’s biggest news event in Germany. The core of the channel’s schedule will be a live programme of up to six hours daily, […]
Netflix has appointed the CEO and chairman of digital publisher Axel Springer, Mathias Döpfner, to its board of directors. Döpfner joined Axel Springer as editor-in-chief of German newspaper Die Welt in 1998 and has been CEO of the company since 2002, overseeing Axel Springer’s overall growth and digital transformation. Commenting on the appointment, Netflix co-founder […]
7TV, the German streaming TV offering co-owned by ProSiebenSat.1 Group and Discovery, has added the first external channels to the service. 7TV users will now have access to video content from Constantin Media-owned sports network Sport1 and Axel Springer-owned WeltN24’s Welt and N24 Doku channels. The agreements include both live-streaming and catch-up content. Separately, 7TV, […]
French broadcaster TF1 is in talks to buy Axel Springer’s 78.43% stake in Aufeminin – a digital media group that owns a number of female-focused brands. TF1 said that it is in exclusive discussions over the potential acquisition, which would put it in charge of digital products covering topics such as fashion, beauty, lifestyle, cooking and health. […]
Discovery Communications has agreed to invest US$100 million in Group Nine Media – a new holding company consisting of a number of millennial-focused digital assets. The deal sees Discovery take a minority stake in, and enter into a strategic partnership with, the firm. Axel Springer will maintain its investment as the second largest shareholder. New […]
Disney has led a new US$65 million (€58 million) funding round in cinematic virtual reality (VR) firm Jaunt, with Sky also upping its investment in the firm and ProSiebenSat.1 coming on board as an investor. The Walt Disney Company led the Series C funding round alongside Evolution Media Partners, TPG Growth and Participant Media, and […]
German broadcaster ProSiebenSat.1 and publishing group Axel Springer hare investing in digital investment fund Lakestar II, led by investor Klaus Hommels. The pair will will team up to invest a “medium double-digit million Euro amount”. The fund now has a total capital of €350 million and will focus on digital companies with growth potential in […]
Analysts have said that the mooted merger of German media giants Axel Springer and ProSiebensat.1 would face serious regulatory obstacles. Investment bank Credit Suisse said that regulatory approval is unlikely to be forthcoming should the pair push ahead and attempt to merge. “Given the combined ad market share (we estimate 20% of total German market) […]
German publisher Axel Springer said that speculation it could relinquish control over its business was “completely unfounded”, after the Wall Street Journal reported it is in merger talks with ProSiebenSat.1. The WSJ said yesterday that the German broadcaster and the German publishing company are in early stage talks about merging their businesses – in a […]
