Fremantle Revenue Dips, RTL Group Streaming Subs Surge 25% in H1 2024

variety.com:

Naman Ramachandran European media powerhouse RTL Group released its first half 2024 results on Friday, revealing a mixed performance across its divisions.

The report highlighted a revenue decline at content arm Fremantle, contrasted by strong growth in streaming subscriptions. Fremantle, RTL’s global content production business, saw revenue fall to €957 million ($1.04 billion) in the first half of 2024, down from just above €1 billion ($1.09 billion) in the same period last year.

The company attributed the decrease to market developments and phasing effects, partially offset by the first-time full consolidation of recently acquired Asacha Media Group.

Despite the revenue dip, Fremantle achieved significant creative success in the first half of the year. Notably, its film “Poor Things” from Element Pictures won 34 awards, including four Academy Awards, two Golden Globes and five BAFTA Awards.