RTL Group to expand TV in Russia
November 26, 2007
RTL Group has signed an agreement with Luxembourg-based Continental Finance Group (CFG) to build up a joint venture for the production, operation and distribution of thematic, non-terrestrial TV channels in Russia and in the Commonwealth of Independent States (CIS).
According to the agreement, RTL Group will purchase 50 per cent of the shares of Content Union S.A. (CUSA) in which CFG already contributed its four Russian thematic channels. These channels are also distributed in the cable networks of Ukraine, Belarus, Kazakhstan, Moldova and Georgia. In addition, the joint venture will act as a distribution agent for third-party channels.