The relaunch of _wige MEDIA AG to SPORTTOTAL AG ist finally completed. The name SPORTTOTAL AG fits much more to the future business model.
CN: _wige MEDIA AG to relaunch as SPORTTOTAL AG
Cologne, 20 July 2017.
In future, _wige MEDIA AG will be operating under the name of SPORTTOTAL AG. The change of the name was decided today by the Annual General Meeting (AGM) of _wige MEDIA AG that also approved all the other proposals of the Supervisory Board and the Management Board by a large majority. (The results of the AGM can be found under General Meeting.
“We are convinced that SPORTTOTAL AG represents the company’s future business model far more effectively than the company’s previous name. We regard our new digital platform sporttotal.tv, for instance, as one of the company’s major drivers. SPORTTOTAL AG therefore stands for a new, promising chapter in the history of the company,”
emphasizes Peter Lauterbach, CEO of _wige MEDIA AG.
The company has reached several milestones
In recent weeks, the company reached several milestones: Following the successful pilot phase, sporttotal.tv signed a ten-year framework agreement with the German Football Association (DFB). The aim is to equip football clubs, starting with the fourth league downwards with special video technology which enables football games to be broadcast in a high quality and fully automatically live on the sporttotal.tv online portal. sporttotal.tv is now to be established as the moving image platform for amateur football throughout Germany. Other potential advertising partners are also showing huge interest in sporttotal.tv. The company has agreed a long-term automotive partnership with Hyundai as its automobile partner, for example. Allianz Deutschland AG, Deutsche Post AG, as well as Telekom Deutschland and BILD as the media partner already support the wholly-owned subsidiary of _wige MEDIA AG as founding partners. Last but not least, the company has signed the first loan agreement for six years. _wige MEDIA is to receive additional funds of up to € 2.5 million from Deutsche Postbank. The interest rate stands at 3 %, and the agreement will run for 48 months.
As soon as the new name of SPORTTOTAL AG has been entered into the commercial register, the share of the company (identical ISIN and WKN (securities code number)) will be found under SPORTTOTAL AG.