RTL Group has agreed to buy out the Walt Disney Co.'s stake in the German kids channel Super RTL. The Cologne-based free-to-air network — Europe's largest commercial children's channel — was founded in 1999 as a 50-50 joint venture between RTL's German TV division, RTL Deutschland, and BVI Television Investments, Inc., a unit of Disney.
Under the deal announced Wednesday, RTL will acquire Disney's 50 percent stake in Super RTL, giving the German group full control of the channel.
Super RTL has been a money-spinner for Disney for decades but the studio's focus has shifted to online, with the launch in Germany last year of streaming platform Disney+.
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