German music TV broadcaster Deluxe Television has been saved by media group HighView which has agreed to buy the insolvent Munich-based company’s channels. The financial details of the deal have not been disclosed.
With the move, HighView group will expand its channel family with free-to-air channel Deluxe Music, pay-TV channel Deluxe Lounge HD as well as Deluxe's radio stations.
"Our target is to preserve and develop the channels. They are also the ideal supplements to our existing channel portfolio," said HighView's managing director Alexander Trauttmansdorff. "We will now be able to offer our viewers an even more high quality and comprehensive programme line-up on all platforms from free-TV and pay-TV to radio and Internet."
Deluxe will have its corporate headquarters in Landshut near Munich in future, the location at which all other HighView channels are based. Deluxe's core editorial team and its creative department will supplement the existing staff in Landshut. Trauttmansdorff will become the channels' new managing director.
HighView group currently operates the documentary channels Planet and Planet HD as well as music channels Jukebox and RCK TV. The company is also a shareholder in regional broadcasters Hamburg 1 and TV Berlin.
Deluxe Television filed for insolvency in January 2012 and has been looking for new investors since that time (http://www.rapidtvnews.com/index.php/2012012619110/deluxe-television-goes-insolvent.html).