Deals
ProSiebenSat.1 Buys 20% of YouTube Video Maker for Web Growth
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ProSiebenSat.1 Media AG, a German broadcaster, is buying a 20 percent stake in U.S.-based online video company Collective Digital Studios to gain more viewers on websites such as Google Inc.’s YouTube.
The deal lets ProSiebenSat.1 participate in a content network that attracts almost 1 billion views every month for shows such as “The Annoying Orange,” “Epic Meal Time” and “Video Game High School,” according to the Munich-based broadcaster. Spokesman Matthias Bohlig declined to give financial details.