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Company Town | Deals

July 26, 1996|Reuters

Warner Inks Deal With Kirch: Warner Bros. International Television said Thursday that it has signed a long-term licensing pact with Kirch Group, a German media company, giving Kirch rights to broadcast Warner movies and television shows on German television. Sources close to Warner, a unit of Time Warner Inc., said the deal could mean as much as $800 million in revenue to the studio and give Warner an option to buy an equity stake in the digital service. Kirch will have broadcast rights for new feature films and those from Warner's library, and it will broadcast Warner's television channel, WBTV, when it launches in Germany in 1997.

For the Record
Los Angeles Times Saturday July 27, 1996 Home Edition Business Part D Page 2 Financial Desk 1 inches; 25 words Type of Material: Correction
Warner Bros.--Warner Bros. sold rights to its movies, not television programming, to Germany's Kirch Group. A wire report in Friday editions reported the deal incorrectly.

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