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RTL Group (RTL), the European Entertainment Network which is part of Bertelsmann AG, and Reliance Broadcast Network Limited (RBNL) signed a joint venture to launch thematic television channels in India through an equally owned, joint venture company.
The joint venture company will be a limited liability company, incorporated in India. RTL Group and RBNL (through its subsidiaries) will act as shareholders with an equal 5 percent equity interest in the joint venture. The initial scope of the investment will include...