Turner comes aboard Premiere Star
April 6, 2008 – 10:55 BST
Turner Broadcasting Systems will join the group of minority shareholders in the German DTH pay platform Premiere Star.
The company is set to acquire 8.5% of the shares. Premiere Star distributes three of the Turner channels, Turner Classic Movies, Boomerang and Cartoon Network. At the moment, the platform has some 170,000 subscribers.
After the transaction, the pay-TV operator Premiere AG will own 66.3% of the company, with the remainder owned by a number of smaller investors including tmc (Beate Uhse TV), Wellington Partners, AtlasVentures, East, HypoVereinsbank and EM.Sport Media.