The JV will produce and buy content, launch joint channels, and distribute own and third-party channels.

In addition, the parties are determined to expand their partnership in the field of internet technologies, platforms and big data.

The first step of the JV will be creating a channel distribution business — it has reached preliminary agreements with a number of major players.

The JV CEO will be Alexander Kosarim who is responsible for content policy in Rostelecom. The JV Board of Directors will include two representatives of each parties.