Greenberg Traurig Poland has advised Cyfrowy Polsat S.A. on its entrance into a joint venture with Discovery Communications Europe Limited and TVN S.A. to establish a new OTT streaming platform.
OTT is a streaming media service offered directly to viewers over the Internet, which bypasses traditional cable, broadcast, and satellite television. According to GT, the created platform will provide domestic and foreign viewers with access to movies, TV shows, documentaries, sports, and other entertainment features.
Grupa Polsat is a media and telecommunications group in the region that provides its 5.7 million customers with access to 17 million services: telecommunication, pay digital TV, and Internet. The Group includes Cyfrowy Polsat, Polkomtel, Telewizja Polsat, Netia, and IPLA.
Discovery Communications is a global media and entertainment company with a reach of 220 countries through 50 languages. TVN Group, a Polish broadcaster, is part of the Discovery Communications Group.
Previously Greenberg Traurig advised Cyfrowy Polsat on its 2019 PLN 1 billion bond Issue (as reported by CEE Legal Matters on June 3, 2019), on its acquisition of a majority stake in Netia (as reported on December 8, 2017), and on its acquisition of a majority stake in Poland's Eleven Sports Network (as reported on December 8, 2017).
The Greenberg Traurig team was led by Warsaw Managing Partner Jarosaw Grzesiak and included Partner Robert Gago, Local Partner Daniel Kaczorowski, Senior Associates Marek Kleczek, Radoslaw Pawluk, and Maciej Pietrzak, and Associates Agata Izyk and Filip Drgas.
