Deal Corner

June 01, 2011

Reliance Broadcast Network Limited have entered into a 50:50 joint venture to launch thematic channels in India

Deal Brief

Reliance Broadcast Network Limited, a part of the Reliance Group (through its subsidiaries) and RTL Group, part of Germany's Bertelsmann group, have entered into a 50:50 joint venture to launch thematic channels in India.

The initial channels to be launched will include two English-speaking thematic TV channels comprising of a reality channel with international content, mainly from RTL Group's production arm FremantleMedia Ltd, and a channel primarily targeting male viewers with action-oriented content.

Our Role

We, at Nishith Desai Associates, acted as legal counsel to Reliance Broadcast Network Limited for this transaction.

 


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