The head of publisher Bertelsmann said its TV arm RTL should be allowed to merge with German rival ProSiebenSat.1 , to give them a fighting chance against U.S. streaming giants. Thomas Rabe’s comments – in an interview with Frankfurter Allgemeine Sonntagszeitung published on Sunday – come as European broadcasters explore ways to join forces against the onslaught from established players Netflix and Amazon Prime that are now being joined by Disney and Apple. “Otherwise, national companies will simply have no chance in a few years against the giants from Silicon Valley,” added the Bertelsmann boss, who …read more
Source:: Yahoo Finance
