Bertelsmann and RTL boss Thomas Rabe has called for looser regulation that would permit a merger of Germany’s leading commercial broadcasters – RTL Group and ProSiebenSat.1 – in the face of competition from global media and tech giants. Interviewed by German newspaper Frankfurter Allgemeine Sonntagszeitung on Sunday, Rabe said that it was “extremely important” that […]
German commercial broadcaster ProSiebenSat.1’s entertainment business – which houses its TV channels, content and digital businesses – is changing its name to SevenOne Entertainment. ProSiebenSat.1 Deutschland, which includes the group’s TV channels, will be bundled into the new SevenOne Entertainment Group along with advertising arm SevenOne Media. The change follows on from the restructuring of […]
ProSiebenSat.1 is considering buying social streaming app developer Meet Group. As reported by Reuters, the acquisition is being looked at through ProSiebenSat.1’s NuCom ecommerce business. According to sources familiar with the matter, NuCom has made a “preliminary expression of interest” to buy Meet Group, whose portfolio includes mobile social entertainment apps such as MeetMe and […]
German broadcaster ProSiebenSat.1 has chosen AWS as its primary cloud provider and is working closely with AWS to adopt cloud services within all parts of its broadcast and digital media businesses, production companies, and e-commerce platforms. Most of ProSiebenSat.1‘s brands have previously deployed applications on AWS, including its Joyn streaming platform, offering viewers over 20,000 […]
ProSiebenSat.1 and Discovery streaming joint venture Joyn has unveiled its premium offering, Joyn Plus+, which will be available to viewers for a subscription of €6.99 a month. Joyn Plus+ is kicking off with a promotional offer for viewers who sign up before the end of the year of one month free and a charge of […]
Max Conze, CEO of ProSiebenSat.1, has played down talks of a merger with Mediaset. The comments were made in light of the Italian operator’s decision to increase its stake in ProSiebenSat.1 to 15.1%. The CEO instead said that the German broadcaster is more interested in collaborating with Mediaset. Reuters reports that while speaking at the […]
Mediaset has increased its stake in ProSiebenSat.1 as a part of its aspirations to create a pan-European media group. Announced on Monday, the Berlusconi-controlled Mediaset now holds 15.1% of the German broadcaster, following the acquisition of a further 5.5% stake in the company. The purchase was done through Mediaset’s Spanish unit, Mediaset Espana. The purchase […]
ProSiebenSat.1’s “unique business model”, combining entertainment with e-commerce and digital advertising, will see it through a tough period, while the German broadcaster is seeing “very strong interest” in its Red Arrow production unit, according to CEO Max Conze. Speaking to analysts after the company posted a sharp drop in core advertising revenues offset by solid […]
Red Arrow Studios, the production outfit that ProSiebenSat.1 is mulling the possible sale of, helped push the German media group into positive territory in the third quarter, along with its advanced advertising business and e-commerce arm. While ProSiebenSat.1’s core advertising revenues fell by 6% during the quarter, overall revenues were up 4% to €926 million […]
ProSiebenSat.1’s strategic review and potential sale of production outfit Red Arrow is an expression of the company’s focus on “doubling down on the German footprint” and building an intellectual property portfolio that reflects that, according to CEO Max Conze. “it is important to have more German production,” Conze told MIPCOM attendees. “We are actively looking […]
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