Fremantle-Owner RTL Group Boosts Revenues By 11.3%Fremantle-owner RTL Group increased revenues by 11.3% to €1.5BN ($1.6BN) in the first quarter of 2022, with streaming revenues for RTL+ and Videoland shooting up by 23%.
Around 4.4% of the overall turnover boost was reported to be organic, coming in a quarter when Fremantle acquired 70% of Italian Devils producer Lux Vide.
American Gods producer-distributor Fremantle’s turnover went up by 6.5% across the quarter to €461M ($487M), which the group put down to positive foreign exchange rate effects, the acquisitions of This is Nice Group and Eureka and deliveries of season one of AppleTV+’s The Mosquito Coast and season three of Starz’ American Gods.
RTL Group is targeting €7.4BN ($7.8BN) for full year 2022 and €1.15BN ($1.22BN) EBITDA, with closure on the sale of RTL Croatia expected imminently along with “major consolidation moves in France and The Netherlands,” according to Group CEO Thomas Rabe. “RTL Group started dynamically into the new year despite the uncertainties resulting from the war in Ukraine,” he added.BBC Studios TalentWorks Unveils Black Creator InitiativeBBC Studios Talentworks, the producer-distributor’s division for bringing through young talent, is giving four Black content creators a guaranteed BBC commission.
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