ProSieben, Mediaset and TF1 join forces in Internet push

European broadcasters TF1, ProSiebenSat.1 and Mediaset said they would join forces in the rapidly growing market for video content broadcast on Internet platforms such as YouTube. Italy’s Mediaset and France’s TF1 will take a stake in ProSieben’s Studio71 via a capital increase that values the unit at 400 million euros ($425 million), the companies said on Thursday. Studio71 was founded in 2013 and creates shows and content for Internet platforms such as Alphabet’s Youtube.

Original story here.

This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply