Deal Corner June 01, 2011
Reliance Broadcast Network Limited have entered into a 50:50 joint venture to launch thematic channels in India
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.
We, at Nishith Desai Associates, acted as legal counsel to Reliance Broadcast Network Limited for this transaction.