Manori Ravindran International EditorDiscovery Germany has acquired general entertainment free-TV channel Tele 5 from Leonine.In addition, both groups have also struck a long-term licensing deal, allowing Discovery Germany to access Leonine’s library of scripted content.
The acquisition is subject to regulatory approvals.Discovery Germany plans on using the deal to diversify its offering and pursue new target audience groups by integrating Tele 5 into its German free-to-air portfolio, which includes DMAX, TLC, Eurosport and HGTV.Meanwhile, with the sale of Tele 5 and the licensing deal, Leonine is strengthening its licensing business and focusing on key pillars of production, distribution and licensing.
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