Germany's RTL acquires Nickelodeon rights for children's TV network

Bertelsmann SE & Co KGaA

23/04/2024 12:29

BERLIN, April 23 (Reuters) - Super RTL, a children's
television network belonging to Bertelsmann's  BTGGg.D  RTL
Group  AUDK.LU , has struck a deal to acquire Nickelodeon series
in Germany, the group said in a statement on Tuesday.
    Under the agreement, Super RTL will acquire a rights package
to bring current and upcoming series from Nickelodeon, owned by
Paramount Global  PARA.O , to its television programme.
    The German broadcaster also plans to take over Nickelodeon's
established satellite frequency to create a new linear
children's channel, the statement said.
    This is to feature predominantly popular Nickelodeon series
including "PAW Patrol" and "SpongeBob SquarePants". 
    The value of the deal was not made public.
    Germany's competition regulator is assessing the impact of
the deal and must give its go-ahead for the acquisition.

 (Reporting by Klaus Lauer, Writing by Rachel More; Editing by
Matthias Williams)
 ((rachel.more@thomsonreuters.com;))