Germany


KKR takes stake in ‘undervalued’ ProSiebenSat.1

Private equity outfit KKR has revealed that it has acquired a 5.2% stake in German commercial broadcaster ProSiebenSat.1, causing the German firm’s shares to rise on the Frankfurt stock exchange. KKR told Reuters that it had decided to invest in the broadcaster because it believes that the market is undervaluing the company. It said that […]

Bundesliga given approval for mid-May resumption

The German Bundesliga will be the first European top flight football league to make a return amid the ongoing coronavirus pandemic. On Wednesday, German chancellor Angela Merkel gave the green light for matches to be played behind closed doors from May 16 at the earliest. Representatives from the 36 clubs in the top two divisions […]

Sky TV base and revenues fall as sports lockdown hits home

Sky’s subscriber base was hit by the postponement or cancellation of major sports events in its Q1 results, with the loss of 65,000 customer relationships and a slide in revenues. Sky had 23.9 million customers at the end of the quarter. The reduction in numbers in the quarter compares with 112,000 additions for the same […]

Bundesliga ‘ready to resume’ says chief exec, could restart May 9

The Bundesliga is “ready to resume,” German Football League (DFL) CEO Christian Seifert believes.  Following a video conference with the country’s top 36 clubs, Seifert declared that football will be able to restart whenever the German government gives it the greenlight – a date which the CEO suggested could be sooner rather than later. He […]

ProSiebenSat.1 pulls financial guidance under coronavirus impact

ProSiebenSat.1 has become the latest media company to pull its financial guidance under pressure from the coronavirus crisis. ProSiebenSat.1 said it expected trading to be heavily impacted in the second quarter, with ad revenues falling by 40% year-on-year in April . The media group said it could not provide an outlook for the second quarter […]

Vodafone Deutschland and Arte bury hatchet and strike long-term deal

Vodafone Deutschland and cultural channel Arte have formally ended their long-running dispute over carriage terms by striking a long-term distribution agreement that will also see Arte content made available on-demand via cable. The agreement between the pair will see advanced TV features such as instant restart of programmes made available to Vodafone subscribers. The Arte […]

German watchdog drops Sky-DAZN probe

German competition watchdog the Bundeskartellamt has closed its proceedings against pay TV operator Sky and sports streamer DAZN for allegedly engaging in anti-competitive agreements in connection with broadcasting rights to the UEFA Champions League. The regulator had taken action because of suspicions that Sky and DAZN had agreed to divide the broadcasting rights for Germany […]

Super RTL launches Toggo AVOD with 3SS

German broadcaster Super RTL has chosen 3 Screen Solutions to provide the platform for Toggo, its new AVOD kids’ service which went live on April 8. Aimed at youngsters aged under 13 years, Toggo will see a staged service launch, starting with a 3SS-engineered Amazon Fire TV app, to be followed by a range of […]

Mediaset seeks watchdog OK that could see it up its stake in ProSiebenSat.1

Mediaset is seeking the approval of German competition regulator the Bundeskartellamt after admitting it intends to take a “significant competitive interest” in ProSiebenSat.1. Mediaset’s interest in the German broadcaster appears on a list of ongoing merger control proceedings published on the German competition regulator’s website. A green light from the Bundeskartellamt would enable the Italian […]

Vodafone Deutschland extends Gigabit broadband to 18m homes

Vodafone Deutschland is now providing Gigabit connectivity to  close to18 million homes across Germany, the company has claimed. The number represents an increase of 630,000 in six weeks. The company said that its 1Gbps broadband service was now available in 30 new towns and cities including Straubing, Wismar, Perleberg, Soltau, Landstuhl, Bautzen, Völklingen, Magdeburg and […]