RBNL in pact with RTL for thematic TV channels

"RTL Group and RBNL (through its subsidiaries), announced the signing of a joint venture (JV) agreement to launch thematic television channels in India through an equally owned, joint venture company," RBNL said in a statement.

Under the agreement, RBNL and RTL Group will form a 50:50 joint venture company.

The initial scope of the investment will include two English-speaking thematic TV channels, a reality channel with international content, mainly from RTL Group's production arm FremantleMedia; and a channel primarily targeting male viewers with action-oriented content.

"This joint venture brings Europe's leaders into India and RBNL is proud to be at the core of creating a revolution in the Indian English entertainment space," RBNL CEO Tarun Katial said. This is RBNL's third major international partnership signed in the last one year.

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