SevenVentures, the investment arm of ProSiebenSat.1, is making a media-for-equity investment in the mid-single-digit millions in Planted Foods, an innovative food tech scale-up from Switzerland. The company’s mission is to bring better proteins to the table of consumers who enjoy the texture and taste of meat but want to eat plant-based and sustainably. In doing […]
Virtual Minds, the adtech specialist of ProSiebenSat.1 Media, and RTL Technology have completed the technical integration of Media Manager into RTL Deutschland’s TV playout system, creating the technical infrastructure for Ad Alliance to make RTL Deutschland’s linear TV reach programmatically accessible. This is a milestone for cross-media advertising sales house Ad Alliance and a major […]
MFE-MediaForEurope, the Italian TV group controlled by the Berlusconi family, has asked a group of banks for a €3.4 billion loan to cover any financing it may require related to a potential takeover of Germany’s ProSiebensat.1, according to a Reuters report. News first emerged in April that MFE was considering a move for ProSiebensat.1 MFE […]
The Munich Public Prosecutor’s Office (Staatsanwaltschaft München) and the Munich District Court (Amtsgericht München) have imposed corporate fines totaling €3.9 million on German broadcaster ProSiebenSat.1 and two of its subsidiaries for violations of the German Payment Services Supervision Act (ZAG). ProSiebenSat.1 Media has been ordered to pay a fine of €10,000, Jochen Schweizer a fine […]
Virtual Minds, the adtech specialist of ProSiebenSat.1, and smartclip, the adtech development unit of RTL Deutschland, have taken a step forward in the #AdTechMadeInEurope initiative with a server-to-server integration of The Adex, Virtual Minds’ data management platform (DMP), with smartclip’s smartx ad server. This integration paves the way for broadcasters to leverage data for the […]
In the first nine months of 2024, German broadcaster ProSiebenSat.1 Group reported it generated Group revenues of €2.6 billion. This is an increase of 3 per cent reflecting higher Digital & Smart advertising revenues in the German-speaking region as well as growth in the Commerce & Ventures segment. Organic growth – i.e. adjusted for portfolio […]
ProSiebenSat.1 Group continued its 2024 growth in the second quarter. Group revenue at the German broadcaster increased by 5 per cent to €907 million. In the first half of the year, the company recorded revenues of €1.7 billion – also an increase of 5 per cent compared to the same period in 2023. The Group […]
Tim Rhoenisch has been appointed as the new CEO of the Commerce & Ventures segment of ProSiebenSat.1 Media SE with imediate effect. He assumes this position in addition to his role as CFO, which he has held since May 2022. The previous CEO, Friedrich Thoma, is leaving the company by mutual agreement. Rhoenisch joined the […]
ProSiebenSat.1 reports that it has continued positive trends in Q1 and has confirmed its full-year outlook. The German broadcasting group had a strong start to the year; while Group revenues increased by 6 per cent to €867 million in the first quarter of 2024, adjusted EBITDA grew by 35 per cent to €72 million despite […]
The results of the Annual General Meeting of ProSiebenSat.1 Media on April 30th show that the free-float shareholders have supported all proposals of the Management. This leads to the decision that the motion by MFE-MediaForEurope (MFE) according to which ProSiebenSat.1 should have examined and prepared the separation of the Commerce & Ventures and Dating & […]