RTÉ receives €3m from sale of 50% stake in GAAGO

RTÉ has said that it has received payment from the GAA for its 50% share of streaming service GAAGO.

The broadcaster had confirmed last February that it had agreed in principle with the GAA to sell its interest in GAAGO and to reinvest the revenue raised in the provision of services to the public.

It said that it will use the proceeds from the sale – €3m – to invest in regional studios and production facilities, particularly in Cork, Limerick and Galway.

RTÉ’s 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 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,” he added.