RTL has paid an undisclosed amount for a 50% stake in Bedrock, the vehicle through which M6 has spun off its catch-up television and streaming services.
France-based media group M6 has spun off its catch-up television and streaming platforms under a brand called Bedrock, with fellow media group RTL set to take a 50% stake in the business.
The transaction remains subject to a consultation of employee representative bodies. Financial terms were not disclosed.
Founded in 1987, M6 operates free-to-air and premium television channels as well as radio stations in France in addition to film, television and news production units.
Bedrock comprises both M6 Replay, the…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
