Fremantle Revenues Up 21% As Super-Indie Inches Toward €3B Turnover Target
deadline.comFremantle’s revenues rose 21% to €2.3B ($2.44B) and profits were up 15% last year as the super-indie inches toward its target to hit €3B ($3.2B) turnover by 2025.
Significant investment – both organically and via acquisitions – is to come across all genres this year, according to owner RTL Group, following a year in which Fremantle’s adjusted EBITDA increased by nearly 15% to €162M.
Fremantle’s growth helped German-headquartered RTL’s turnover to rise by 8.8%, although overall adjusted EBITDA for the group fell 6%.
American Gods and Planet Sex producer Fremantle was set the ambitious revenue target last year and went on a major buying spree in 2022, acquiring the likes of Normal People producer Element Pictures, Jimmy Savile: A British Horror Story indie 72 Films and Italian producer Lux Vide.
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