Telefonica buys 11.1% of Mediaset Premium

Spanish telecommunications giant Telefónica has acquired an 11.1% stake in Italian media firm Mediaset's pay-TV business Mediaset Premium, for US$136 million.

July 7, 2014

Spanish telecommunications giant Telefónica SA has acquired an 11.1% stake in Italian media firm Mediaset’s pay-TV business Mediaset Premium, in exchange for a cash injection of US$136 million.

The Wall Street Journal reports that Telefónica is the first suitor the Italian pay-TV business has courted to invest in the money-losing Mediaset Premium, with Al Jazeera and Vivendi also being mentioned as possible investors.

The agreement between Telefónica and Mediaset sports an equity value of US$1.23 billion in a new company that will hold Mediaset’s pay-TV business, and is the second agreement between the two media entities: just five days ago, Telefónica agreed to pay US$401 million for Mediaset’s 22% stake in Spanish pay-TV platform Digital Plus.

Mediaset Premium’s 2013 subscription revenue was US$750.6 million, up 6% from 2012. Advertising revenue was not disclosed.

July 7, 2020

Documentary

Realscreen opens call for submissions for MIPCOM Picks ’20

By Realscreen Staff

July 7, 2020

People/Biz

MIPCOM set to go ahead for October as hybrid event

By Barry Walsh

July 2, 2020

Documentary

Sundance plans for hybrid festival; multiple cities for screenings

By Barry Walsh

June 29, 2020

TAGS:

Digital Plus, Mediaset Premium, Telefonica

About The Author

Daniele Alcinii is a news editor at realscreen, the leading international publisher of non-fiction film and television industry news and content. He joined the RS team in 2015 with experience in journalism following a stint out west with Sun Media in Edmonton's Capital Region, and with communications work in Melbourne, Australia and Toronto. You can follow him on Twitter at @danielealcinii.

Website // Author Page