Yalcin Babalioglu Kemahli in cooperation with CMS has advised Discovery Inc. on its unspecified investment in BluTV, a Turkish provider of subscription video-on-demand services. Kolcuoglu Demirkan Kocakli advised BluTV.
According to YBK, “Discovery will hold a 35% interest initially, with an option to invest in BluTV further in the coming years.” According to the firm, the investment will accelerate Discovery’s entrance into the Turkish market and allow BluTV to scale its “penetration of the rapidly growing 4+ million subscriber SVOD universe.” In addition, the firm reports, "the strategic partnership will also make BluTV the SVOD home of all content of Discovery’s global and local brands, enabling subscribers in Turkey to watch their favorite shows, including Eurosport’s premium sports offering."
YBK’s team consisted of Managing Partner Alican Babalioglu, Counsel Inci Alaloglu-Cetin, Senior Associate Naz Ugurlu, and Associates Irmak Aybarturk, Emir Baran, and Jerfi Onur Dogan, working in cooperation with CMS London Partners Paul Guite and Victoria Gaskell, Senior Associate Sarah Wilson, Associate Shirin Shah, and Lawyer’s Laurel O’Dell, Nicholas Crossland, and Rahul Gandhi.
KDK’s team included Partner Bihter Bozbay, Senior Associate Emre Ozkan, and Associate Gulce Nur Osoydan.