ProSiebenSat.1-Discovery JV makes key management appointments

ProSiebenSat.1 and Discovery’s German joint-venture 7TV’s CEO Alexander Vassilev has strengthened his management team by naming Katja Hofem as co-managing director for content, marketing and partner management and Jochen Cassel as co-managing director responsible for finance, legal and HR. The JV has also named Contanze Gilles as SVP of distribution and partnerships. Hofem will be […]

ProSiebenSat.1 hires Dyson exec as co-CEO of new standalone Entertainment company

German broadcaster ProSiebenSat.1 is revamping its management structure, with its Entertainment arm to be split off as a standalone company under co-CEOs Wolfgang Link and Michaela Tod, currently president of soon-to-be-Singapore-based vacuum cleaner outfit Dyson’s Greater China region. Sales and marketing chief Sabina Eckhardt is meanwhile to leave the company by mutual consent, with her […]

ProSiebenSat.1 to take majority control of Aroundhome

ProSiebenSat.1’s e-commerce arm NuCom Group has acquired a majority stake in German service finder site Aroundhome from General Atlantic and the company’s founders. NuCom which previously held a 42% stake in the outfit, has now upped this to 94% in a deal that gives Aroundhome an enterprise value of €140 million. The purchase means that […]

Mediaset reportedly looking to Spain as first step in European strategy

Mediaset may move to consolidate its Spanish operation as the first step of a strategy to create a pan-European TV powerhouse, according to Italian financial daily Il Sole 24 Ore. According to the newspaper, the Italian broadcaster is mulling a plan to acquire the 48.4% of Mediaset España that it does not already own as […]

ProSiebenSat.1 content acquisition chief to leave

Rüdiger Böss, executive VP of content acquisitions and sales at Germany’s ProSiebenSat.1 Media SE, has decided to leave the group at the end of the year after over 25 years. Böss has worked at ProSiebenSat.1 since 1992. Since 2007, he has been responsible for negotiations for and the acquisition of licensed films and series for […]

ProSiebenSat.1 forms joint venture with

ProSiebenSat.1’s sports business unit, 7Sports, has agreed an international joint venture with news platform, as it looks to move further into the eSports market. The two partners will each hold a 50% interest in the newly established eSports, which will be jointly managed by Stefan Zant, managing director and COO of 7Sports, and Fabian […]

ProSiebenSat.1 launches ‘vertical content division’ for mobile

German broadcaster ProSiebenSat.1 has launched a new ‘vertical content division’ or VERT as part of its Studio71 digital content unit to provide mobile content in the 9:16 format for consumption on mobile phones. ProSiebenSat.1 said that the vertical format was in high demand on platforms such as Instagram and Snapchat and among young target groups […]

ProSiebenSat.1 sees short-term pain and long-term gain with five-year plan

German broadcaster ProSiebenSat.1 has set a target of increasing its top line from €4 billion to €6 billion “in the mid-term”, according to CEO Max Conze, with at least half of this coming from digital activities. However, ProSiebenSat.1 has downgraded its expectations for this year as a result of lower than expected revenues and the […]

James Baker to become president of Red Arrow Studios

Former Sky and Current TV executive James Baker is to take over as president and chief operating officer of ProSiebenSat.1-owned Red Arrow Studios following the departure of current chairman and CEO Jan David Frouman. Baker will take over from Frouman, who is leaving ProSiebenSat.1 after 15 years, in February. Baker, who is currently chief operating […]

ProSiebenSat.1 e-commerce unit acquires eharmony

German broadcaster ProSiebenSat.1 has expanded its involvement in the e-commerce business by acquiring, through NuCom, the e-commerce arm it majority-controls, 100% of US online dating service eharmony. NuCom and its portfolio company Parship Elite Group are acquiring 100% of eharmony. Parship Elite Group, which is majority-controlled by NuCom, is currently the leading online dating provider […]

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