1991 TMG sold its shares in Tele 5 to the Axel Springer Publishing House and in 1992 founded, together with CLT, Bertelsmann, Bauer Media Group and The Walt Disney Company, the TV channel RTL II.

In July 2011, Tele München Group announced that they brought 33% in German independent television production company Odeon Film AG.

[6] In February 2019, it was announced that New York-based American global investment firm Kohlberg Kravis Roberts (KKR) agreed to purchase Tele Munchen Group, with expected closing in April 2019.

[8][9] In late-March 2019 one month after Tele Munchen Group was brought by KKR, Tele Munchen Group had been expanded when their new parent company KKR announced that they've acquired Colonge-based German entertainment television production company i&u TV and had it placed under KKR's expanded German film and television production operations as they were intending to merge TMG and Universum into create a German independent film and television production powerhouse that will include i&u TV with i&u TV's founder & top television presenter Günther Jauch continued to run the acquired company.

Wiedemann & Berg would continue its TV arm, W&B Television, as a joint venture with Endemol Shine Germany.

[12][13] In September 2019, the enlarged Tele Munchen Group announced that they're rebounding themselves with a new name which was called Leonine by their parent company KKR with three main divisions: Distribution, Production, & Licensing.

While under Leonine Distribution, RTL II, Tele 5, & the subscription video on demand services would continue under their current names.

[14] In July 2020, Leonine Holding announced that it had sold its German free-to-air entertainment channel Tele 5 to American multinational mass media broadcasting company Discovery Inc. (now Warner Bros.

[29][30] In April 2024, it was announced that Mediawan, also backed by KKR, would acquire Leonine, in which it already held a 25% stake since 2020, in an all-stock deal for an undisclosed sum subject to approval from German authorities.