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Greenberg Traurig Advises Cyfrowy Polsat on JV with Discovery Communications Europe and TVN

Greenberg Traurig Advises Cyfrowy Polsat on JV with Discovery Communications Europe and TVN

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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.

Poland Knowledge Partner

Penteris is a law firm combining in-depth expertise, robust advice, and a pan-regional reach.

We provide full-service business law advice within five sector lines: Energy & natural resources, Financial institutions, Private equity, Real estate, and Retail.

On the market since 2001, we were originally part of a Scandinavian law firm and then a founding office of a pan-Baltic organisation.

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The team continues to be internationally recognised year on year, most recently by Chambers Global 2019, Chambers Europe 2019, and The Legal 500 EMEA 2019.

Firm's website: https://penteris.com

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