ProSiebenSat.1 reports revenue decline, shuts down Sky Deutschland rumours

German media group ProSiebenSat1’s revenues for Q3 2022 were down by 9% to €920 million in what the company called an “increasingly difficult economic environment”. Company CFO Ralf Peter Gierig heralded the importance of digital platform Joyn but used the occasion of the results release to dismiss recent rumours that the company might acquire PayTV […]

ProSiebenSat.1 unites production subsidiaries

Germany’s ProSiebenSat.1 Group is restructuring its business to bring its eight production companies and global distributor Red Arrow Studios International under the umbrella of the newly established Seven.One Studios. The move comes following the launch of German prodcos Cheerio Entertainment and Flat White Productions in the past year, as well as the sale of Red Arrow Studio’s US […]

MFE ups ProSiebenSat.1 stake close to mandatory buyout threshold

MediaForEurope (MFE), the Dutch-based holding group of Italy’s Mediaset and its stake in Mediaset España, has upped its stake in German broadcaster ProSiebenSat.1 by a further 4%, taking its total to 29%, with 29.9% of the voting rights. The move means that MFE’s stake in ProSiebenSat.1 is now just below the 30% threshold that would […]

ProSiebenSat.1 ‘may be more tempted’ by MFE plan as it downgrades guidance

ProSiebenSat.1 could be tempted to look again at MediaForEurope’s proposals for the creation of a pan-European broadcast group after downgrading its guidance for the full year on weaker-than-expected advertising revenue, according to analysts from Berenberg. According to the analysts, ProSiebenSat.1’s appointment of a new CEO, Bert Habets, who will replace former CEO Rainer Beaujean as […]

ProSiebenSat.1 provides update as ad revenues in DACH take turn for the worst

German media giant ProSiebenSat.1 Group has provided a market update in response to worsening market conditions. Although its Q3 results are not due until November 15, the company warned that “persistently high inflation, the energy price crisis and the resulting reluctance to consume are impacting growth prospects”. In its update, the company said it has […]

Habets to replace Beaujean as ProSiebenSat.1 CEO

German broadcaster ProSiebenSat. 1 Media has appointed former RTL Group boss Bert Habets as its new group CEO, with incumbent Rainer Beaujean exiting the company. Beaujean has resigned from his office by mutual agreement with the supervisory board and Habets, who has been a board member since May, will take over the role on 1 […]

ProSiebenSat.1 buys Warner Bros. Discovery out of Joyn for €1

ProSiebenSat.1 has assumed full control of streaming service Joyn after buying out the 50% stake held by Warner Bros. Discovery for €1. Joyn was launched in May 2019 as a 50:50 joint-venture with Discovery. It launched as a free streamer, before adding a premium tier later that year. With WBD looking to cut billions from […]

RTL and SevenOne Entertainment to create new addressable ad tech JV

German broadcasters RTL Deutschland and Seven.One Entertainment Group/ProSiebenSat.1 are to set up an addressable advertising technology joint venture. The pair said their aim is to develop existing technologies for addressable TV based on open standards, such as HbbTV, for the European market. The plan is subject to regulatory approval. The planned joint venture will involve offering […]

Peter Chernin acquires Red Arrow North American studios for North Road Company

Peter Chernin has linked up with two US-based private equity firms to create The North Road Company, with its first acquisition the US$200 million pick-up of ProSiebenSat.1-owned Red Arrow Studios’ North American production firms. The company is being backed by Providence Equity Partners and Apollo, which will together provide access to $800m to fuel further […]

ProSiebenSat.1 meets targets

ProSiebenSat.1 Group has withstood the economic pressures of the war in Ukraine to meet its targets for Q1 2022. The group said that it had increased its revenues by 2% to €954 million, driven by growth in its ad revenues.  Its entertainment segment saw revenues grow by €53 million to €610 million, with advertising revenues […]

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