German media giant ProSiebenSat.1 has struck a deal to pick up the remaining 50% stake in the German streaming service Joyn from Warner Bros Discovery.

With over four million unique users a month, the streamer will be owned wholly by ProSiebenSat.1 Media.

As part of the deal, Joyn users will continue to have access to free, advertising-financed as well as on-demand content from Warner Bros. Discovery, including channels such as DMAX, TLC, Eurosport 1, and HGTV. In addition, users of the Joyn PLUS+ subscription will also have access to the streaming service Discovery+ for 12 months.

The joint venture between Discovery and ProSiebenSat.1 was first established in 2017. The streaming service has been operating under the name Joyn since 2019 and has a free basic service as well as a premium subscription option.

In a statement, Hannes Heyelmann, General Manager of Warner Bros. Discovery Germany, Switzerland, and Austria, said: “We are pleased that we have found a mutually beneficial and amicable solution together with ProSiebenSat.1, with which we can take our partnership at Joyn to new heights set legs.”

The statement continued: “The solution allows us to fully focus our platform activities in Germany on our global brand discovery+, while viewers continue to benefit from attractive offers from Warner Bros. Discovery on Joyn, plus 12-month access to discovery+ at no additional cost receive.”

Must Read Stories

Jean-Luc Godard Dies: Pioneering French Director Of ‘Breathless’ Was 91

Emmys Review: Lightweight Show Lacked Ambition As NBC Plays It Too Safe

Kenan Thompson Opens Emmys With Classic Theme Songs, Netflix Jokes And Oprah

Oprah Winfrey! Lizzo! Lavender Bath! The Best And Worst Moments Of The 2022 Emmys

Read More About:

Source: Read Full Article