Endemol denies sale as it unveils new business strategy
LONDON - Endemol, the Dutch TV company behind worldwide hit reality show Big Brother, has said its parent company Telefonica is not considering a sale to RTL, as it revealed plans for a new internet business.
The denial came from Endemol chairman John de Mol, as the company revealed its plans to move into supplying content for mobile phones and the internet.
RTL and Telefonica have been in talks since at least May last year, but de Mol said that these were about how the two companies can extend their relationship and not about a sale of Endemol. However, he refused to rule out a possible deal in the future.
Endemol plans to move half its business into supplying content for mobile phones and the internet within three years. In an interview with the Financial Times, de Mol said: "People will be amazed by the development short-term in mobile and a little later in internet." He also said that only one other telecoms group, Vodafone, would be able to support the convergence of content provision.
Spanish telecoms company Telefonica bought most of Endemol in July 2000 for £3bn, acquiring the remaining £60m share from Guardian Media Group a month later.
If you have an opinion on this or any other issue raised on Brand Republic, join the debate in the Forum here.
Latest jobs Jobs web feed
- Business Development Executive Bullfrog Digital LTD Up to £30k + Commission and benifits, Shoreditch
- Head of Strategy, Insight & External Relations London & Partners COMPETITIVE + PRP + BENEFITS, London Bridge
- Senior Account Manager Hot Cow Between £32,000 - £35,000 with discretionary bonuses., Near Chiswick Business Park, a fun and vibrant location to work with events, a lake and bars.
- Project Manager - Integrated / Digital - Superb London Agency Fill Recruitment Ltd £40k - £50k plus bonus and superb benefits!, Central London
- Retail Marketing Manager EMEA Callaway Golf Europe Ltd circa £50,000 pa plus benefits, based in Chessington, Surrey
- Account Director Direct Recruitment £45,000, Central London