European broadcasting giant RTL Group on Friday reported a 10% increase in 2019 profit as revenue reached a record €6.65 billion ($7.44 billion), driven mainly by higher sales from global content unit Fremantle and its digital business.
With sales up 3.2%, 2019 marked the fifth consecutive year that RTL’s revenue reached record levels. The group’s earnings grew 10.1% to €864 million ($966.3 million) year on year, due largely to the capital gain from the disposal of film distribution unit Universum Film, which was bought by U.S.
investment firm KKR last year and merged into Munich-based studio Leonine, which also includes the former assets of Tele München Group.
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