Facing declining TV ad revenues and mounting competition, RTL Deutschland will reduce its workforce by up to 20% while ramping up investment in streaming, aiming for profitability in the digital segment by 2026.
Thomas Rabe will be Chairman of the Management Board of RTL Deutschland, as Co-CEO Stephan Schäfer to step down from the Management Board. Andreas Fischer was named Chief Operating Officer.
German broadcaster RTL Deutschland is expanding its pay TV channel GEO Television with GEO Wild, a new subscription-based video-on-demand service offering documentaries on nature and wildlife.