Ramachandran Bertelsmann Luxembourg Entertainment target Ramachandran Bertelsmann Luxembourg

Bertelsmann Expands Netflix Competitor RTL Plus as Fremantle Revenues Soar to $1.5 Billion

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variety.com

Naman Ramachandran Bertelsmann’s Luxembourg-based media giant RTL Group’s streamer RTL Plus is being expanded to a cross-media entertainment service, comprising video, music, podcasts, audio books and e-magazines.

The RTL group has raised its streaming targets and now aims for 10 million paying subscribers for RTL Plus and Videoland and for €1 billion streaming revenue by the end of 2026, making it a robust European competitor to the likes of Netflix, Disney Plus and HBO Max.

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