TVN Group

Last updated

TVN Group
IndustryMedia
Founded1995
Founders Jan Wejchert, Mariusz Walter, Bruno Valsangiacomo,
Headquarters Warsaw, Poland
ProductsTelevision
Brands TVN, TVN24, TVN24 BiS, TVN 7, TVN Fabuła, TVN International, TVN International Extra, TVN Style, TVN Turbo, TTV, Food Network, HGTV Home&Garden, Travel Channel
Parent Discovery, Inc.
Website TVN Poland

TVN Group (TVN S.A.) is a Polish media and entertainment group established in 1995 as TVN Sp. z o.o. The current president of TVN Group is Jim Samples, who replaced Markus Tellenbach on July 13, 2016. [1]

Contents

In 2004, with its debut on the Warsaw Stock Exchange, the company became a public limited company. In March 2015, U.S. broadcaster Scripps Networks Interactive bought a 52.7% majority stake in TVN for €584 million. [2] [3] In July 2015, SNI bought out TVN's remaining owners, ITI Group and Canal+ Group, for €584 million, giving it full ownership. [4]

On March 6, 2018, SNI was, in turn, acquired by Discovery, Inc. for US$14.6 billion. [5] [6] Liberty Global, which operates pay television provider UPC Polska, is a major shareholder in Discovery. The European Commission thus required TVN to ensure that TVN24 and TVN24 BiS remain available to third-party television providers. [7] [8]

TVN HQ in Warsaw, Poland Media Business Centre w Warszawie 2017.jpg
TVN HQ in Warsaw, Poland

Assets

Former

Satellite platforms

Conflict with Law and Justice government (2021)

Since 2020 TVN and the Polish government of the Law and Justice has had a conflict. In July 2021, a group of PiS lawmakers, submitted to parliament An draft amendment that would prevent companies from outside the European Economic Area taking control of Polish radio and television stations. This would mean that Discovery which owns TVN might be forced to divest its ownership. TVN is known to be highly critical of Law and Justice (PiS) government. [9] [10] Agreement (political party) Pis coalition partner was opposed to this, they instead proposed a change that would allow companies from countries in the Organisation for Economic Co-operation and Development (OECD) to own more than 49% of shares in Polish media companies. Meaning no change to American ownership of the channel. [11] [12] The government denies the measure is aimed at any one broadcaster, saying it seeks to prevent potential media acquisitions by non-EU countries such as Russia, China and Arab nations.

in August 2021, the bill was passed via the sejm on a vote of 228 to 216, with 10 abstentions, making TVN’s rights expire on September 26. [13] [14] [15]

On August 30, 2021, the Chairman of the National Broadcasting Council sent to TV operators permission to enter the TVN24 program on the Discovery Communications Benelux B.V. license. The decision ensures the continuity of broadcasting the TVN24 program after September 26, 2021, regardless of the results of the ongoing conflict with Law and Justice government. [16]

See also

Related Research Articles

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Discovery, Inc. is an American multinational mass media factual television company based in New York City. Established in 1985, the company primarily operates a group of factual and lifestyle television brands, such as the namesake Discovery Channel, Animal Planet, Science Channel, and TLC. In 2018, the company acquired Scripps Networks Interactive, adding networks such as Food Network, Asian Food Network, HGTV, and Travel Channel to its portfolio. Since the purchase, Discovery has described itself as serving members of "passionate" audiences, and has also placed a larger focus on streaming services built around its properties, such as Discovery+.

TVN (Polish TV channel) Polish commercial television network

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TVN Meteo was a Polish channel dedicated exclusively to weather forecasts, it launched on May 10, 2003. It was part of the TVN network and is owned by TVN Group. Its programmes aere prepared by the same weather team that presents the forecasts for TVN Meteo's sister channel TVN 24 and the group's flagship channel, TVN. It was available on most Polish cable networks.

TVN24 Polish 24-hour news channel

TVN24 is a Polish 24-hour commercial news channel, launched on 9 August 2001. Being a part of the TVN Network, TVN24 has been owned since July 2017 by US-based TV content provider Discovery. It gained broader popularity after the September 11, 2001 attacks in the US, which was the first major incident to be covered by TVN24. It is available over all digital platforms in Poland as well as in most cable networks and some networks in other countries, including USA and Germany. The audio portion of the channel can be streamed on the internet.

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Lex TVN

Lex TVN is a controversial Polish media law which modifies the Polish Broadcasting Act. It forbids companies except those from the European Economic Area from holding more than a 49% stake in Polish radio and television stations.

References

  1. Markus Tellenbach odchodzi z TVN, nowym prezesem Jim Samples – TVN – Wirtualnemedia.pl
  2. "Scripps buys majority stake in TVN". C21media. March 16, 2015. Retrieved August 3, 2017.
  3. "Scripps Networks Interactive sfinalizował przejęcie TVN" . Retrieved July 3, 2015.
  4. Dickens, Andrew (July 2, 2015). "Scripps completes TVN purchase". C21media. Retrieved August 3, 2017.
  5. Szalai, Georg (March 6, 2018). "Discovery Closes Scripps Acquisition, Creating Non-scripted Content Giant". The Hollywood Reporter. Retrieved March 6, 2018.
  6. Szalai, Georg (July 31, 2017). "Discovery to Acquire Scripps Networks for $14.6 Billion". The Hollywood Reporter. Retrieved July 31, 2017.
  7. "Case M.8665 – Discovery / Scripps" (PDF). European Commission. February 6, 2018. Retrieved March 6, 2018.
  8. "European Commission Clears Discovery Deal to Buy Scripps". The Hollywood Reporter. Retrieved March 7, 2018.
  9. https://www.reuters.com/world/europe/polish-draft-law-threatens-us-owned-broadcaster-opposition-says-2021-07-08/
  10. https://www.reuters.com/business/media-telecom/discovery-opposes-proposed-polish-media-rules-2021-07-12/
  11. https://finance.yahoo.com/news/polish-media-law-faces-uncertain-110229442.html
  12. https://www.thefirstnews.com/article/junior-coalition-leader-says-media-law-amendment-threatens-investment-23620
  13. https://www.politico.eu/article/polands-pis-rams-through-media-law-despite-us-warnings/
  14. https://www.nytimes.com/2021/08/11/world/europe/polands-media-law-passes.html
  15. https://www.theguardian.com/world/2021/aug/11/poland-coalition-under-threat-as-parliament-votes-on-controversial-media-bill
  16. "Zgoda Przewodniczącego KRRiT na wpis do rejestru programu TVN24 - Krajowa Rada Radiofonii i Telewizji - Portal Gov.pl". Krajowa Rada Radiofonii i Telewizji (in Polish). Retrieved August 30, 2021.