Axel Springer

Netflix adds Axel Springer CEO to board

Netflix has appointed Mathias Döpfner, chairman and CEO of Axel Springer SE, to its board of directors. At Axel Springer, based in Berlin, Döpfner leads the European digital publishing house, with brands including Bild, Die Welt, Business Insider and Politico Europe. Netflix CEO, Reed Hastings, noted in a statement that Döpfner’s knowledge of digital media […]

Discovery sinks $100m into digital publisher

Discovery Communications has agreed to invest US$100 million in Group Nine Media – a new holding company consisting of a number of millennial-focused digital assets. The deal sees Discovery take a minority stake in, and enter into a strategic partnership with, the firm. Axel Springer will maintain its investment as the second largest shareholder. New […]

Disney, Sky, ProSieben invest in VR firm

The Walt Disney Company has led a new US$65 million funding round in cinematic virtual reality (VR) firm Jaunt, with Sky also upping its investment in the firm and ProSiebenSat.1 coming on board as an investor. The Walt Disney Company led the Series C funding round alongside Evolution Media Partners, TPG Growth, Participant Media, and […]

Springer-ProSieben deal would face hurdles

Analysts have said that the mooted merger of German media giants Axel Springer and ProSiebensat.1 would face serious regulatory obstacles. Investment bank Credit Suisse said that regulatory approval is unlikely to be forthcoming should the pair push ahead and attempt to merge. “Given the combined ad market share – we estimate 20% of total German […]

Axel Springer: ‘ProSieben merger speculation unfounded’

German publisher Axel Springer said that speculation it could relinquish control over its business was “completely unfounded” after the Wall Street Journal reported it is in merger talks with ProSiebenSat.1 The WSJ reported yesterday that the German broadcaster and publishing companies are in early stage talks about merging their businesses – in a move that […]