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RTL Group, Europe’s largest broadcaster, reduced its full-year 2024 revenue forecast after a weaker-than-expected third quarter amid softer TV advertising trends in Germany, where the company was affected by the Summer Olympics in Paris. The company also noted slower momentum at its Fremantle production arm. RTL now predicts €6.3 billion ($6.68 billion) in 2024 revenue,…
German media giant Bertelsmann booked record profits for 2023, recording a 25 percent jump in group profits to €1.3 billion ($1.43 billion), the company reported on Tuesday. Operating revenue was flat at €20.2 billion ($22.2 billion), just short of the record figure recorded by the company in 2022. Bertelsmann’s one-off sale of its shares in…
A still-soft advertising market pulled down revenue at European broadcast giant RTL Group, Fremantle‘s parent company, which reported a 6.9 percent drop in turnover from January to September 2023 to €4.66 billion ($4.98 billion). Group CEO Thomas Rabe put the blame on “challenging market conditions,” in particular cronically-weak ad sales. RTL Group now expects TV…
Thomas Rabe was born in tiny Luxembourg, the mini-nation squeezed in between France, Germany and Belgium. But when it comes to business, as CEO of pan-European broadcast giant RTL Group and chairman and CEO of RTL’s parent, global media conglomerate Bertelsmann, Rabe likes to think big. At an RTL shareholders’ meeting back in August 2021,…
European media giant RTL Group, the parent company of production powerhouse Fremantle, saw revenue and profits slump in the first half of this year as ad sales remained soft, particularly in the company’s core German market. First-half revenue slipped 5.1 percent to €3.1 billion ($3.4 billion), adjusted EBITA profits slumped to €250 million ($275 million),…
Fremantle Takes Minority Stake in Artists, Writers & Artisans, First Joint Project Is Adaptation of Comic Series ‘Devil’s Highway’ Fremantle, the production unit of Bertelsmann-owned TV giant RTL Group, has made a strategic minority investment in Artists, Writers & Artisans (AWA), an independent developer of stories from creative talent working across graphic fiction, film and television. …
RTL-Talpa Merger Dropped Amid Anti-Trust Concerns European media giant RTL Group has dropped plans to merge its Dutch TV operations, RTL Nederland, with Talpa Networks, the TV group controlled by TV mogul and The Voice creator John de Mol. RTL Group on Monday said the Dutch competition authority ACM had informed them it planned to block the…