The Russian holding YUTV has begun to restructure in order to ensure its business complies with the 20% foreign ownership rule that comes into force at the beginning of 2016.

Kommersant reports that the assets are being split 60/40 between Alisher Usmanov and Ivan Tavrin and his partners.

It adds that Tavrin established a company named New Media Holding, in which he has a 94% stake and his father Vladimir 6%), this July .

Last month, he filed a petition to the Federal Antimonopoly Service (FAS) to acquire the right to carry on business in four companies, namely Spektr, YUTV Media, UTV Management and YUTV Holding.

Meanwhile, Usmanov as an individual filed an application to take a 60% interest in New Media Holding.

YUTV holding was established by Usmanov and Tavrin in 2009 and its main assets are currently the national TV channels YU and Disney, the cable channel Muz-TV and music video service ClipYou.

As previously reported in Broadband TV News, Disney has already found a solution to comply with the upcoming foreign ownership rule change.