Fremantle Boosts Revenue By 25%; Hyperborea’s ‘Merry Ex-Mas’ & BBC One ‘Wolf’ Casting; Universal’s Buendía Estudios Deal; Off The Fence Sales – Global Briefs
deadline.comFremantle Boosts Revenue By 25% For RTL GroupHand of God outfit Fremantle increased its revenue by 25% last year to €1.9BN ($2.1BN) as owner RTL Group, the European media conglomerate, recorded a 10% turnover rise to €6.6BN ($7.3BN) and a profit boost of 35% to €1.1BN ($1.2BN).
RTL this morning said it is making progress on Fremantle’s growth plan, following four acquisitions in the past year including, most recently, the purchase of 70% of respected Italian producer Lux Vide, along with 12 Nent Group production labels.
Fremantle put 81 drama productions into production across the year and scored hits with the likes of Paolo Sorrentino’s Oscar-nominated Hand of God for Netflix.
The previous year saw a big drop in returns due to the impact of the Coronavirus. The outfit, which has just struck a talent deal with Angelina Jolie, is targeting €3BN returns by 2025.
Read more on deadline.com
