bpv Grigorescu Ștefănică offered legal advice for the set up of a new TV station: Smart TV

A new quality TV station will enter the Romanian media market at the end of 2019. The newest TV station, Smart TV, is a project founded by Adrian Sârbu and Marius Tucă and already received its airing license on the 6th of June 2019 from the National Council for Radio and Television Broadcasting (i.e. CNA). Smart TV will be available both online and via cable transmission.

The legal assistance for the setting up of the partnership between Mr Adrian Sârbu and Mr Marius Tucă, who will further manage both Smart FM and the newly established Smart TV television, has been secured, in what concerns Mr Marius Tucă, by the bpv Grigorescu Ștefănică team. As for Mr Adrian Sârbu, the legal advice was provided by Țarălungă and Associates law firm, through Mr Codrin Țarălungă (Managing Partner).

bpv Grigorescu Ștefănică team, coordinated by Daniel Ștefănică (Partner), of which Dan Curiciuc (Senior Associate) and Denisa Postea (Associate) were part, offered legal assistance throughout the entire duration of the project, both in the structuring phase as well as in the review and negotiation of the documents, the latter forming the base of the corporate construction.

 Our team’s experience in Corporate projects within the area of Tech, Media and Telecom – TMT was confirmed once again by this successful collaboration with two of the most noted professionals in the Romanian media industry: Adrian Sârbu and Marius Tucă. We constantly support quality media projects, and we hope that the media landscape in Romania, once with the release of Smart TV, will continue on the pathway of the journalism’s objectivity and independence – Daniel Ștefănică declared.

A complex and innovative project which our lawyers, alongside those of Marius Tucă, have understood and have implemented with professional rigour, but also with the necessary creativity of the success in media, concepts which define the SMART vision – Adrian Sârbu stated.

In 2016, bpv Grigorescu Ștefănică assisted Mr Marius Tucă during the takeover of Smart FM radio channel from the Nicolau family.

The new television project, established by Adrian Sârbu and Marius Tucă, to be launched at the end of 2019, will be a generalist TV station, with 56% self-production and 44% foreign production. The programs will be informative (23%), educational (2,7%) and cultural (8,7%). The investment in the programs will be of 2 million euros. The television will offer journalistic and cultural programs, produced and perceived as having educational and infotainment formats. The categories of the aired programs will be the following: informative, cultural, entertainment shows, magazines, films, series and documentaries.