CMS advised Discovery on the deal.
The global media company Discovery has taken over the German fictional Free TV station TELE 5 from the previous owner LEONINE. In addition, a long-term program license agreement was concluded with the Munich-based previous owner. This gives Discovery access to LEONINE’s extensive range of licenses. With the takeover, Discovery plans to further expand its position in the German free TV market as well as to develop new target groups and marketing potential. The transaction is still subject to regulatory approval. All parties involved have agreed not to disclose the details.
Discovery Germany hosts the free-TV channels DMAX, TLC, Eurosport 1 and HOME & GARDEN TV, as well as the pay-TV channels DISCOVERY CHANNEL, ANIMAL PLANET and Eurosport 2 and Eurosport2 HDXTRA. The channel network, which was founded in 1996, is based in Munich and, according to its own information, reaches a total of 45 million households, twelve million Pay TV subscribers and a further four million users in the digital sector. Discovery Germany is backed by Discovery, Inc., a worldwide leading non-fiction media company with a reach of three billion viewers in over 220 countries.
Leonine, headquartered in Munich, is an independent German media company that resulted from the merger of Tele München Gruppe, Universum Film, i&u TV, Wiedemann & Berg Film and W&B TV.
CMS Germany’s team included Klaus Jäger, Lead Partner, Stephan Weling, Counsel, Philipp Kunick, Senior Associate, Ramon Weistroffer, Associate, Christoph Schröer, Associate, all Corporate/M&A, Michael Kamps, Partner, Thorsten Hemme, Counsel, Dr Patrick Ehinger, Senior Associate, Martin-Lukas Landmann, Senior Associate, all TMC, Kai Neuhaus, Partner, Nadine Herda, Associate, Moritz Pottek, Associate, all Competition & EU, Dr Angela Emmert, Partner, Lennard Martin Lürwer, Senior Associate, both Labor, Employment & Pensions, Dr Dirk Smielick, Counsel, Intellectual Property, Phillip Bubinger, Senior Associate, Philipp Rohdenburg, Senior Associate, both Commercial Law, Dr Martin Friedberg, Counsel, Tax law, Birgit Wagner, Senior Legal Consultant, Steven Washington, Legal Consultant, both Smart Operations. CMS UK’s team included Paul Guite, Partner, Victoria Gaskell, Partner, Matthew Hanson, Jennifer Lloyd; CMS Austria’s team included Dr Dieter Zandler, Partner, Vanessa Horaceck.
Discovery Inhouse: Julian Pitcher, VP Legal M&A, London, Stephanie Struppler, VP Legal & Regulatory GSA Benelux, München, Tom Savage, Senior Director Legal& Business Affairs, London, Nadine Eickhorst, Legal Counsel, München, Sarah Neubauer, Legal Counsel, München.
Involved fees earner: Victoria Gaskell – CMS Cameron McKenna Nabarro Olswang LLP; Paul Guite – CMS Cameron McKenna Nabarro Olswang LLP; Matthew Hanson – CMS Cameron McKenna Nabarro Olswang LLP; Jennifer Lloyd – CMS Cameron McKenna Nabarro Olswang LLP; Phillip Bubinger – CMS Hasche Sigle; Patrick Ehinger – CMS Hasche Sigle; Angela Emmert – CMS Hasche Sigle; Martin Friedberg – CMS Hasche Sigle; Thorsten Hemme – CMS Hasche Sigle; Klaus Jäger – CMS Hasche Sigle; Michael Kamps – CMS Hasche Sigle; Philipp Kunick – CMS Hasche Sigle; Martin-Lukas Landmann – CMS Hasche Sigle; Lennard Martin Lürwer – CMS Hasche Sigle; Nadine Herda – CMS Hasche Sigle; Kai Neuhaus – CMS Hasche Sigle; Philipp Rohdenburg – CMS Hasche Sigle; Christoph Schröer – CMS Hasche Sigle; Dirk Smielick – CMS Hasche Sigle; Stephan Weling – CMS Hasche Sigle; Vanessa Horaceck – CMS Reich-Rohrwig Hainz; Dieter Zandler – CMS Reich-Rohrwig Hainz;
Clients: Discovery Channel;