Burda takes over Sevenload video portal | News | Rapid TV News
By continuing to use this site you consent to the use of cookies on your device as described in our privacy policy unless you have disabled them. You can change your cookie settings at any time but parts of our site will not function correctly without them. [Close]

German video portal Sevenload is now majority-owned by German publishing house Burda. Its subsidiary DLD Ventures has taken over the shares of T-Online Venture Funds and thereby gained the majority stake, Hubert Burda Media announced in Munich.

Financial details were not disclosed. Germany's anti-trust authority Bundeskartellamt still has to approve the deal. Apart from Burda, Sevenload's management and employees are further shareholders.

Industry insiders speculate that Burda wants to develop Sevenload into a broad IPTV platform which is not restricted to computers, but also reaches conventional TV screens using hybrid TV technology.

Through this move, Sevenload would become a potential competitor to Deutsche Telekom's IPTV platform Entertain and its video-on-demand (VOD) portal Videoload. With the exit of T-Online Venture Funds - which belongs to the Telekom conglomerate - Burda apparently wants to prevent conflicts of interest to arise.