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Germany's RTL acquires Nickelodeon rights for children's TV network
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Germany's RTL acquires Nickelodeon rights for children's TV network
Apr 23, 2024 4:59 AM

BERLIN, April 23 (Reuters) - Super RTL, a children's

television network belonging to Bertelsmann's RTL

Group, has struck a deal to acquire Nickelodeon series

in Germany, the group said in a statement on Tuesday.

Under the agreement, Super RTL will acquire a rights package

to bring current and upcoming series from Nickelodeon, owned by

Paramount Global ( PARAA ), to its television programme.

The German broadcaster also plans to take over Nickelodeon's

established satellite frequency to create a new linear

children's channel, the statement said.

This is to feature predominantly popular Nickelodeon series

including "PAW Patrol" and "SpongeBob SquarePants".

The value of the deal was not made public.

Germany's competition regulator is assessing the impact of

the deal and must give its go-ahead for the acquisition.

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