RTE receives three million euro for its stake in GAAGo

RTE has received three million euro after the GAA bought its stake in the streaming service they co-founded, GAAGo.

The broadcaster confirmed in February last year that it had agreed with the GAA that it would sell its 50% stake in the service the two organisations established in 2014.

RTE said on Thursday that the sale is complete and the proceeds will be reinvested in its regional studios and production facilities, particularly in Cork, Limerick and Galway.

RTE director-general Kevin Bakhurst said: “The establishment of GAAGo as a joint venture with the GAA in 2014 was a game changer, enabling fans of Gaelic games around the world to access our national games.

“I want to thank all of those who contributed their knowledge and expertise to the vital establishment of GAAGo and acknowledge the successful collaboration with the GAA as the service developed, particularly during the pandemic period when people could not physically attend their beloved games.

“The completion of the sale means that we can make good on our commitment to reinvest these funds in the production of programming and content for audiences, particularly in our regional production studios and facilities outside Dublin.

“I’d like to take this opportunity to wish the GAA continued success with its GAA+ service and we look forward to continuing to work closely with them in supporting Ireland’s national games for many years to come.”