GERMANY – NRW Bank and Cine Plus join DFT backers

NRW invests trough its NRW.BANK.Kreativwirtschaftsfonds GmbH & Co. KG, while Cine Plus is contributing from Cine Plus Media Venture GmbH.

Existing investors in the company include IBB Beteiligungsgesellschaft mbH, South&Browse GmbH, VGM Verlagsgesellschaft Madsack GmbH & Co KG and founder Frank Lukas.

Berlin-based DFW broadcasts digitally via satellite, cable, and IPTV. It recently has launched the new channel, TIMM, which covers lifestyle, travel, entertainment and fashion and targets homosexual men.

The company will use the funds to strengthen its activities in North-Rhine-Westfalia, where it will produce more content in locations in Cologne.

The investment is subject to regulatory approval.

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• Topics
• Expansion
• DACH