Capital · acquirer
RTL Group
European broadcaster, MCN investor · Outside the United States
- Founded
- 2000
- Entered
- 2005
- Placed at
- 2005: founded 2000, before the timeline start; shown from 2005
- Status 2026
- Active
- Metro
- Outside the United States
- Embeddedness
- 2 connections
- Confidence
- verified · strongest source primary or company
Method
RTL Group of Luxembourg is the European broadcaster that bets earliest on multi channel networks. It buys 51 percent of BroadbandTV in Vancouver for 36 million US dollars in June 2013 and takes control of StyleHaul in Los Angeles in November 2014 for a reported 107 million dollars. StyleHaul shuts its US operations and lays off about 65 people in March 2019, then confirms a total shutdown in May 2019. RTL sells its BBTV stake for a reported 120 million dollars as BBTV lists in Toronto in October 2020. Both bets are closed or exited within seven years.
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The path: money and goods moving
- invested inBBTV (BroadbandTV)RTL Group buys 51 percent of BBTV for 36 million US dollars in June 2013 and sells its stake for a reported 120 million dollars at the October 2020 Toronto IPO.2013 to 2020
- acquiredStyleHaulRTL Group takes control of StyleHaul in November 2014 for a reported 107 million dollars and winds it down in 2019, closing US operations in March and confirming a full shutdown in May.2014 to 2019
Sources (primary or company): en.wikipedia.org · en.wikipedia.org · en.wikipedia.org · bertelsmann.com · variety.com · variety.com · variety.com