Discovery Germany has acquired general entertainment free-TV channel Tele 5 from Leonine. In addition, both groups have also struck a long-term licensing deal, allowing Discovery Germany to access …
to access Leonine’s library of scripted content. The acquisition is subject to regulatory approvals.
Meanwhile, with the sale of Tele 5 and the licensing deal, Leonine is strengthening its licensing business and focusing on key pillars of production, distribution and licensing. KKR-backed major Leonine was formed in 2019 through the merger of Tele München Group, Universum Film, i&u TV, and Wiedemann & Berg Film.
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