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The growth is consistent with a recent study from Harvard Business School, commissioned by IAB, which showed the internet economy has grown seven times faster than the U.S. economy over the past four years and now accounts for 12% of the U.S. GDP.

Leading online specialists Character.com has launched apparel, nightwear and backpacks, with licensees TDP, Aykroyds and William Lamb.

RTL Group’s shareholders will benefit from the cash proceeds in line with the stated dividend policy.

“Moulin Rouge – Behind the Magic” was ordered by Australian broadcaster SBS and Belgian network DPG Media.

The distributor will launch the new series during Kidscreen. In addition Beyond Rights confirms a number of deals for its leading live action and animation kids’ titles in Australia, the US, Europe and Asia.