Will top CLT-UFA duo find recognition?
Once in a while, the media and entertainment world produces visionaries whose surnames, effectively, become trademarks. Think Turner, Murdoch and, granddaddy of them all, Disney. But Sautter and Schmidt-Holtz?
These two names belong to Remy Sautter and Roll Schmidt-Holtz, the two CEOs of the newly created CLT-UFA, which is now Europe's biggest TV and entertainment group. Sautter is responsible for TV in the non-German-speaking markets and for radio. Schmidt-Holtz looks after international rights and TV in the German-speaking countries.
CLT-UFA, an operation with a $3 billion annual turnover and headquarters in Luxembourg and Hamburg, Germany, officially launched at the start of this year. A new, more relaxed broadcast law allowed for the merger of CLT CLT
total lung-thorax compliance. , the Luxembourg-based broadcast giant, and UFA Ufa (fä`), city (1989 pop. 1,082,000), capital of Bashkortostan, E European Russia, at the confluence of the Belaya and Ufa rivers. , the audiovisual arm of Germany's Bertelsmann, the world's third largest media conglomerate A media conglomerate describes companies that own large numbers of companies in various mass media such as television, radio, publishing, movies, and the Internet. Terminology .
"What belongs together comes together. We are fulfilling the ambitious dreams of [the] original founders, who always envisioned a strong international family of TV, radio and production companies," said Schmidt-Holtz. "The new legislative framework allows us, at last, to compete with U.S. companies on a level playing field See net neutrality. ."
Therein lies the crux of the matter Noun 1. crux of the matter - the most important point
alpha and omega - the basic meaning of something; the crucial part
point - a brief version of the essential meaning of something; "get to the point"; "he missed the point of the joke"; "life . For it is now Sautter and Schmidt-Holtz's duty to give CLT-UFA worldwide status. They need the international profile already associated with Ted Turner's Time Warner Time Warner Inc. (NYSE: TWX), formerly known as AOL Time Warner, is the world's largest media and entertainment conglomerate headquartered in New York City, with major operations in film, television, publishing, Internet service and telecommunications. , Rupert Murdoch's News Corp. and Michael Eisner's Walt Disney Noun 1. Walt Disney - United States film maker who pioneered animated cartoons and created such characters as Mickey Mouse and Donald Duck; founded Disneyland (1901-1966)
Disney, Walter Elias Disney Company.
Moreover, those three media giants are making major inroads inroads
make inroads into to start affecting or reducing: my gambling has made great inroads into my savings
inroads npl to make inroads into [+ in Germany, the home turf of CLT-UFA's parent company, Bertelsmann. Time Warner is a shareholder in the German news channel n-tv; Murdoch owns part of entertainment channel Vox; and Disney and CLT-UFA are 50/50 partners in Super RTL Super RTL is a Cologne-based German television network operated by RTL Disney Fernsehen GmbH & Co. KG. It was the second German television channel aimed mostly at children (the first was Nickelodeon). .
However, it is the global market that offers the real challenge for CLT-UFA. The company operates 21 TV stations and 22 radio stations in 11 European countries. The flagship property is the ad-supported German terrestrial channel RTL (Register Transfer Level) A high-level hardware description language (HDL) for defining digital circuits. The circuits are described as a collection of registers, Boolean equations, control logic such as "if-then-else" statements as well as complex event sequences; , recognized as Europe's single biggest channel. CLT-UFA's other channels in Germany include RTL2, Super RTL, Vox and the terrestrial pay-TV channel Premiere. Other ventures include M6 and TMC TMC Technology Marketing Corporation (Norwalk, Connecticut)
TMC Texas Medical Center (Houston, TX)
TMC Traffic Message Channel
TMC The Movie Channel
TMC Traffic Management Center in France; RTL4, Veronica and RTL TV1 in the Benelux countries; and the U.K.'s new terrestrial channel, Channel 5. Activities outside Western Europe Western Europe
The countries of western Europe, especially those that are allied with the United States and Canada in the North Atlantic Treaty Organization (established 1949 and usually known as NATO). include RTL7 in Poland and a recently acquired concession to launch RTL Klub RTL Klub is a television station (M-RTL Zrt.) owned by RTL Group and broadcast in Hungary. It was one of Hungary's first commercial TV channels and was only two days after the main rival TV2 to begin broadcasting. in Hungary by the end of the year. Among CLT-UFA's lucrative sports rights are the Europe Cup games, which involve 100 soccer clubs in 28 countries, and Wimbledon Tennis.
Some ventures, such as the planned German pay-TV network Club RTL, have fallen by the wayside.
Rumors that Bertelsmann was no longer interested in digital TV have been squashed. "We're going to keep expanding our digital pay-TV interest," said Nikolaus Formanek, vp of Press Relations at CLT-UFA."We have shares in [French digital network] Television Par Satellite, and Premiere is now also available in digital signals." Bertelsmann recently agreed to an equal joint ownership of Premiere with the Kirch Group, and the two are going ahead with plans to introduce digital TV on 150 satellite and cable channels over the next 10 years. Premiere will be supplied with sports programming from CLT-UFA's stable of sports rights.
With the recent spate of megamergers, including Time Warner/Turner Broadcasting System and Disney/Capital Cities/ABC, CLT-UFA will need more cash to match its competitors' global impact. CLT-UFA has already gotten more than $890 million from Bertelsmann in order to complete its own merger. But this is a ruthless business, and one-upmanship, immediate profitability and endless amounts of cash are crucial to survival.
The company's options are to bring in new partners or to go on the stock market. There are reports that News Corp. and Disney want more than shares in individual channels; they are allegedly fighting tooth and nail for a share of CLT-UFA itself.
The European press has reported that CLT-UFA management is seeking to float the company on the stock exchange. Although the management denies this, it admits that there is no technical obstacle that would block a public offering.
This brings us back to the two CEOs. Do they have the vision to turn CLT-UFA into a household name? And will their surnames soon be rolling off tongues as easily as "Turner," "Murdoch" or even "Kirch"?
The two say that their next moves will be to boost business in the emerging ad-supported TV markets, which range from Eastern Europe to Scandinavia; to boost the profit margins of their already successful ventures in Germany and Belgium; and to further exploit their copyright properties.
With Bertelsmann's library of some of the best movies, music recordings, books and magazines, CLT-UFA has the assets to do great things. In the fastmoving world of TV and entertainment, this could be the company's make-or-break year.