Disney continues its withdrawal from traditional television by selling its stake in the German family channel Super RTL.
The US company’s joint venture partner, German broadcasting giant RTL, has acquired Disney’s 50% stake in the channel. RTL will now own 100% of Super RTL.
Financial terms were not disclosed and the transaction is subject to approval by German and Austrian competition authorities.
Disney’s sale follows its decision last year to shut down its UK channels, Disney Channel, Disney XD and Disney Junior. The American media giant is increasingly focusing its efforts on the Disney + streamer.
Super RTL broadcasts a mix of children’s programming and general family entertainment series, such as 30 Rock and to lodge.