RTL Offers Concessions in Sky Deal Dispute
RTL is planning to compete with Netflix after buying Sky. This is because TV viewers are watching less traditional television. The company wants to finish the Sky deal quickly.
Bertelsmann has bought Sky. RTL now sees Netflix as a competitor. They want to get approval for the Sky purchase soon. The European Union has concerns about the deal. RTL is offering changes to address these concerns.
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Highlights
RTL sees Netflix competition
RTL believes they will compete more closely with Netflix after the Sky acquisition.
Rabe confident in streaming
Bertelsmann CEO Thomas Rabe is confident in the streaming strategy.
Sky acquisition speeds up
RTL wants to finish the Sky takeover by summer.
Concessions to EU offered
RTL is giving some things to the European Union.
Addressing competition concerns
The concessions are meant to solve problems with competition authorities.
Perspectives
- RTL believes the Sky acquisition will bring them closer to Netflix.
- Traditional television viewership is declining.
- Bertelsmann CEO Thomas Rabe is confident in the streaming strategy.
- RTL is trying to get approval for the Sky deal quickly.