Revenues and profits fell at Poor Things super-indie Fremantle last year as the outfit’s lofty €3B ($3.2B) revenue target draws ever nearer.
In a difficult market, Fremantle’s turnover fell slightly by 3.5% to €2.26B, while adjusted EBITA was down by the sharper 14.2% to €139M.
Fremantle’s €3B revenue target set for 2025/26 has been well publicized and the company now has just a year to achieve the goal.
After the results period unveiled today, Fremantle spent more than €200M ($216M) on Death in Paradise group Asacha Media Group and 80% of Singapore’s Beach House Pictures.
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