Deals
Discovery Eyes a Dutch Option If No-Deal Brexit Proceeds
- Broadcaster considering probability of transition deal
- Media companies forced to plan for U.K. crashing out of EU
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Discovery Inc. is laying the groundwork to move employees and broadcast licenses to the Netherlands should it become clear that a no-deal Brexit is likely, according to people familiar with the matter.
The U.S. broadcaster, home to channels such as Animal Planet and Eurosport, is among global media companies that use Britain as a regional hub. Without a deal that extends the status quo, allowing them to continue beaming channels into the European Union with U.K. licenses, they risk their channels going dark in March 2019.