Astrea / News / Astrea advised DPG Media on the set-up of a Joi...


Astrea advised DPG Media on the set-up of a Joint Venture with Telenet

Work highlight | Frédéric Verspreeuwen/ Steven De Schrijver / Levi Van Dijck

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ASTREA acted as lead counsel to the largest media concern in Belgium, DPG Media (owning a.o. the largest broadcasting company in Belgium) in the set-up of an ambitious Joint Venture with Telenet, a listed company (telecom operator, owning, TV platform,  affiliate of the Liberty Group). The purpose of this JV between both champions in their field of business is to build and launch a new streaming/SVOD platform in Belgium in 2020 aiming to become the biggest competitor in Belgium of Netflix. The transaction included the negotiations of the investment agreement and joint-venture, but also the build-out of the technical streaming platform and the cooperation between the JV and its shareholders through a wholesale agreement, preferred reseller agreement, advertising agreements and content license agreements. Frédéric Verspreeuwen lead the Astrea team and was responsible for the corporate aspects of the transaction. Steven De Schrijver was responsible for drafting the video platform agreement, the data sharing agreement, the data processing agreement and the transitional services agreement.