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With an upfront payment of €150 million and up to €377 million in performance-based earnouts, the deal adds 11.5 million subscribers and targets €250 million in annual synergies within three years.
A través del acuerdo, RTL Group adquirirá la totalidad de los negocios de Sky en Alemania, Austria y Suiza, incluyendo las relaciones con los clientes en Luxemburgo, Liechtenstein y Tirol del Sur.
Plenk will be responsible for acquiring films and series from German producers, distributors, and international partners. He will continue to expand the company’s contacts with program suppliers from the German producer and public broadcasting landscape.
Sky Deutschland, the German division of Sky, will stop making original scripted programming from next year. Shows that have already been commissioned and are in production will finish filming.