German Antitrust Regulator Rejects RTL-ProSiebenSat.1 Plan
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Germany’s antitrust regulator said it won’t approve Bertelsmann AG’s RTL Group and ProSiebenSat.1 Media AG’s joint online-video platform, saying the service would help the companies increase their local media-market dominance.
The potential benefits of the new video-on-demand service don’t outweigh the risk that the venture may be “harmful to competition” in Germany, Andreas Mundt, the Federal Cartel Office president, said today in a statement.