RTL Group, the leading European entertainment network, and Vancouver-based online video company BroadbandTV today announced that they have formed a strategic partnership. RTL Group’s initial investment of EUR27 million (US-$36 million) is part of a planned series of investments in the company. The business partnership between the two companies creates a new platform for RTL Group’s digital strategy and allows the management team of BroadbandTV, led by Founder and CEO Shahrzad Rafati, to accelerate its global growth strategy.
Founded in 2005, BroadbandTV first entered the online video market with a creative solution for helping large media organisations benefit from a new revenue stream: the company’s innovative technology detects videos which had been uploaded by fans...
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