RBNL acquires RTL stake in broadcast jv

14 Jul,2014

By A Correspondent

 

Reliance Broadcast Network Ltd has bought over the European television giant RTL’s stake in the joint venture that ran the channel Big RTL Thrill.

 

According to sources close to the development, the stake sale happened in June 2014 and an application has been made to the I&B ministry for a name change.

 

It may be recalled that RBNL had inked a 50/50 jv with the RTL group in 2011 for the launch of thematic action-oriented channels in the country.

 

The channel, the source told MxMIndia, will now see renewed vigour with loads of original Made-in-India content.

 

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