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 […]

MFE declines to support discharge of ProSiebenSat.1 supervisory board

MediaForEurope (MFE), owner of Italy’s Mediaset and the biggest shareholder in German broadcaster ProSiebenSat.1, has declined to vote in favour of discharging the latter’s supervisory board at the company’s annual meeting. Despite MFE’s decision not to support the board, ProSiebenSat.1 secured a narrow majority in favour of discharge of 52%. ‘Discharging’ directors releases them from […]

ProSiebenSat.1’s Beaujean plays down consolidation ideas ahead of AGM

ProSiebenSat.1 CEO Rainer Beaujean has once again rejected the idea of a merger between his company and rival broadcaster RTL and has poured cold water on a wider consolidated play involving ProSiebenSat.1’s largest shareholder, MediaForEurope (MFE). Speaking to the Süddeutsche Zeitung newspaper ahead of tomorrow’s AGM, Beaujean said that the existence of two competing commercial […]

MFE seeking power to discharge individual ProSiebenSat.1 board members

MediaForEurope (MFE) is seeking a change in the voting rules at the forthcoming AGM of ProSiebenSat.1 that would enable the individual discharge of executive and supervisory board members in place of collective approval or rejection. Dutch-based MFE, formerly known as Mediaset, which is now the German broadcaster’s largest shareholder, has called for the change in […]

Berenberg: ProSiebenSat.1 faces ‘growing risks’ as ad recovery falters

Germany’s ProSiebenSat.1 faces growing risks from a challenged advertising market and other factors, with limited likelihood of an acquisition move by leading shareholder MediaForEurope (MFE) before next year, according to analysts at Berenberg. According to Berenberg, while ProSiebenSat.1 turned in solid full-year results and upbeat guidance, the group faces a recovery in the advertising market […]

MediaForEurope launches bid for Mediaset España

MediaForEurope (MFE), the Dutch-based broadcast and media outfit formerly known as Mediaset, has launched a public bid for the 44% of Mediaset España that it does not already own. MFE is offering €5.613 per share in the form of €1.86 in cash and 4.5 ordinary A shares in the parent company, giving Mediaset España a […]

MFE takes ProSiebenSat.1 stake beyond 25%, looks to consolidate Mediaset España

MediaForEurope (MFE), the cross-border broadcast group formerly known as Mediaset, has upped its stake in ProSiebenSat.1 beyond the 25% mark that will give it a blocking vote at the German media group’s forthcoming AGM and has admitted that it is looking to up its hold on Mediaset España. MFE said yesterday that “directly and indirectly, […]

MFE seeking to take ProSiebenSat.1 stake beyond 25%

MediaForEurope (MFE), formerly known as Mediaset, has sought the German competition watchdog’s permission to raise its stake in ProSiebenSat.1 beyond the 25% threshold that requires authorisation. MFE current holds a 23.9% stake in the German broadcaster, including 21% of the voting rights. The move comes ahead of ProSiebenSat.1’s AGM on May 5 and follows a […]