RTL Group has announced the combination of Divimove and UFA X, effective January 1st 2019, into one integrated organisation for the production, aggregation and monetisation of short-form video content in Europe. Going forward, UFA X with its offices in Berlin and Cologne will enhance Divimove’s capabilities in digital storytelling and format development.
The combination follows the recent announcement that RTL Group has stepped up its shareholding in Divimove, Europe’s leading multi-platform network (MPN), to 100 per cent as of December 1st 2018. Tobias Schiwek, currently Co-Managing Director of UFA X and Chief Digital Officer of UFA, will become the new CEO of Divimove, effective January 1st 2019.
Bert Habets, CEO of RTL Group, said: “The consumption of short-form video continues to grow rapidly – and so do advertising and branded content revenues in the social media ecosystem. As part of our Total Video 2.0 strategy, we will bundle our MPN businesses – StyleHaul, Divimove, United Screens – to build a strong and profitable digital video group led by Sean Atkins. This new group will operate on a global scale to reach and entertain young audiences. The combination of Divimove and UFA X is an important element of this strategy as it will significantly enhance the creative power of our MPN businesses and the variety of our offers to advertisers in the European markets.”
Nico Hofmann, CEO of UFA, commented: “The strategic and entrepreneurial combination of UFA X and Divimove is consistent and meaningful. With their production know-how, coupled with their experience in the creative network of UFA, the employees of UFA X will be able to effectively support the digital business of Divimove. I am truly proud that UFA’s commitment to the digital transformation of our industry is now gaining new momentum in a larger group.”
Tobias Schiwek, CEO of Divimove from January, added: “Through Brandboost, Divimove has recently and successfully built up storytelling for brands – a segment in which UFA X gained significant market share in the past. After the initial conversations with the team at Divimove, it became very clear that this combination makes us even stronger. We have everything we need to continue our success in the realm of online video: the reach and creative diversity of Divimove as well as UFA X’s exceptional expertise in storytelling. I am delighted that with both these extraordinary teams we can offer a unique value chain in production and marketing – not only to brands but also to TV channels, platforms and NGOs.”