Fremantle’s $3.3B Revenue Target Pushed Back By Up To A Year
deadline.comEXCLUSIVE: RTL has pushed back Fremantle‘s lofty €3B ($3.3B) revenue target by up to a year. The much-discussed target has been the subject of industry chatter in recent years and is being delayed due to “increasing headwinds” experienced by the global TV sector in 2023, budget cuts to streaming services, the challenging TV advertising environment and the strikes in the U.S, according to an RTL spokesman.
The target was bought in around five years ago with a view to doubling Fremantle’s revenue as RTL, which runs channel groups in Germany, Holland and France, looked to TV and movie production as a big driver for growth.
Fremantle could still hit the target by 2025 but wiggle room has been introduced and it is officially now aiming for either 2025 or 2026.
The RTL spokesman added: “We will double Fremantle’s business in five to six years. In the end, it is not decisive for us whether we reach €3bn of revenue in 2025 or 2026.
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