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BERLIN � Private equity investment fund Avenue Capital Group has taken a 6.5% stake in Premiere Star, the satellite platform of German pay TV operator Premiere.

Premiere, which brought in a number of outside investors to launch Premiere Star last year, sold the stake for an undisclosed amount but still holds a near 60% stake in the subsidiary.

Premiere currently carries 35 channels on Premiere Star, which has attracted more than 170,000 subscribers since its launch in 2007.

Premiere Star�s other shareholders include credit institute HypoVereinsbank (10%), Turner Broadcasting System (8.5%), Leo Kirch�s EM.Sport Media (5%), Medienengagement East (5%), Swiss adult media company TMC Content Group (3%), Atlas Ventures (1.1%) and Wellington Partners (1.1%).