A stronger performance by its radio and TV production activities in the fourth quarter failed to compensate a decline in advertising activities over the course of the year for Lagardère Active, the media arm of the French conglomerate.
Audiovisual production revenues grew by 8.8% in the fourth quarter, boosted by the delivery of series Le Transporteur, season two of Borgia and Jo with Jean Reno. While Lagardère Active’s radio interests saw growth of 7.5% in the fourth quarter, its TV channels managed only to achieve stable year-on-year revenues, with subscription growth compensating for advertising decline.
For the full year, Lagardère Active’s revenues dropped 3.9% on a like-for-like basis to €1.014 billion, with advertising dropping by 5.9%, mostly due to a decline in magazine advertising. Overall TV activities – channels and production combined – saw growth of 0.7%.
ICYMI: BCCI confirms September IPL restart digitaltveurope.com/2021/07/27/bcc… https://t.co/sheavM2VNZ
27 July 2021 @ 20:00:00 UTC
ICYMI; Former Technicolor exec Muylkens appointed MD at Zappware Belgium digitaltveurope.com/2021/07/27/for… https://t.co/GWYASi2gZZ
27 July 2021 @ 18:52:00 UTC
Over 70 8K TVs certified by 8K Association as tech increases in popularity digitaltveurope.com/2021/07/27/ove… https://t.co/y1ZtRLe5vY
27 July 2021 @ 16:59:00 UTC
Russia’s Match TV picks up EPL rights in long-term deal digitaltveurope.com/2021/07/27/rus… https://t.co/ajg4NSyfYb
27 July 2021 @ 15:59:00 UTC