Sports broadcaster ‘fuboTV’, a now major multichannel video programming distributor (MVPD), and which streams its live content to a fast-growing portfolio of countries and devices, has prompted a major examination by investment bank Berenberg, and an upgrade to ‘Buy’. The bank admits that fuboTV is “easily the most controversial stock we cover, but we remain […]
Germany mass media company ProSiebenSat.1 closed the 2020 with a strong fourth quarter: In this period, Group revenues increased by 11 per cent to €1.492 billion. All segments contributed to this growth. The 3 per cent increase in entertainment advertising revenues, continued dynamic revenue development of the online beauty provider Flaconi and the positive effects […]
Mediaset Spain has increased its share in the German TV group ProSiebenSat.1 by 3.43 per cent to a total of 13.18 per cent, in an investment estimated at €104 million. Mediaset Spain initially acquired a 5.5 per cent stake in the group in November 2019. Then, an additional 4.25 per cent in March 2020. The […]
ProSiebenSat.1 Group has achieved revenues of around €4.040 billion and an adjusted EBITDA of around €700 million for the full-year of 2020. These figures are preliminary and unaudited. The German broadcasting group says its has “clearly exceeded its full-year financial outlook” last published in the context of the Q3 2020 results release, as well as […]
In the third quarter of 2020, ProSiebenSat.1 Group saw improved revenue and earnings figures compared to the highly Covid-19 influenced previous quarter. After the global pandemic and the resulting restrictions had considerably affected the German mass media group’s business performance in the second quarter, ProSiebenSat.1 generated revenues of €921 million (previous year: EUR 926 million) […]
New entertainment format Slip Show, developed by Love is Blind and Married at First Sight producer Kinetic Content, a Red Arrow Studios company, has been picked up by ProSiebenSat.1’s Seven.One Entertainment Group. Watching people slip and fall is universally funny! And now, the slipperiest competition ever televised is coming to TV networks around the world. […]
Investment bank Berenberg says that with the closing of the acquisition of the Meet Group, ProSiebenSat.1 now has an online dating business that has the potential to deliver broad-based revenue and profits growth. “Management has been very clear that the intention is to conduct an IPO for this business (although a trade sale might also […]
The stresses on Europe’s commercial broadcasters continue. Rainer Beaujean, the Chairman of ProSieben’s (P7) Executive Board told German newspaper Handelsblatt that advertising revenues in September had fallen back but by less than 10 per cent. Beaujean said that October was shaping up in a similar vein. He did not provide the advertising outlook for the […]
German commercial broadcaster ProSiebenSat.1 has sold a web-hosting business, myLoc, to Italian cloud services provider WIIT for around €50 million The move is seen as part of its diversification strategy and designed as part of its streamlining of its non-essential elements to focus more on its entertainment assets. With five data centres and a business […]
From Season 7, which starts in January 2021, the ABB FIA Formula E World Championship will become the only major international motorsport on free-to-air television in Germany, with ProSiebenSat.1 airing all races live as part of new long-term partnership. The ‘ran’-racing-crew of Sat.1 will be on the ground at races bringing fans all the latest […]