Fremantle Takes 10% Revenue Hit In Q1 But Owner RTL Confident Of Turnaround
deadline.comFremantle revenues dipped almost 10% during Q1 but owner RTL is hoping for a bounceback and has set company growth targets for full-year 2024.
RTL put the Poor Things and Got Talent producer’s weak Q1 performance, which saw its revenue tumble by 9.2% year-on-year to €395M ($424m), down to “timing effects in the UK, Italy and Germany” of show launches.
An improvement is expected during this quarter, RTL added, pointing to the launch of a second season of BBC drama The Responder and new BBC series Nightsleeper, as well as season 19 of America’s Got Talent for NBC and Race To Survive: New Zealand for the USA Network in the U.S.
Fremantle will also start realizing its €200M investment in Death in Paradise content group Asacha and 80% of Singapore’s Beach House Pictures.
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