German commercial free-to-air broadcaster ProSiebenSat.1 Media issued reduced guidance for its Full Year revenues and financials on October 28th. The news prompted analysts at investment bank Berenberg to review its own position and advice. The bank also suggested that ProSiebenSat.1’s conversations with MediaForEurope (MFE) might “now accelerate”. Berenberg maintains its “HOLD” advice. “While the magnitude […]
The Supervisory Board of ProSiebenSat.1 Media has resolved on a change in the chair of the Executive Board of ProSiebenSat.1 Media: Bert Habets will take over as chairperson of the Executive Board (Group CEO) of ProSiebenSat.1 Media on November 1st. He has already been involved with ProSiebenSat.1 as a member of the Supervisory Board since […]
Stephane Courbit, the chair of Banijay, has emerged as the frontrunner bidding for M6 Group via his FL Entertainment investor, along with other, reports Bloomberg. M6 owner Bertelsmann put it on the block after the regulator stopped its TF1 merger, and has reportedly received three offers. The group led Courbit has offered €20 a share […]
A report from analysts at investment bank Berenberg says that advertising revenues at German broadcasting giant ProSiebenSat.1 Media are softer and weaker than anticipated. Indeed, the report says that advertising assumptions for the Germany, Austria and Switzerland markets might be too optimistic. “While the guidance from March 2022 reflected an assumption of DACH advertising revenues […]
After a positive start to the year, ProSiebenSat.1 Group continued to grow in the second quarter of 2022. Group revenues rose by 1 per cent to €1.05 billion, while adjusted EBITDA remained stable year-on-year at €166 million (previous year: €166 million). In view of a strong previous-year quarter, which had benefited from catch-up effects due […]
US businessman and investor Peter Chernin has bought US division of Red Arrow Studios from ProSiebenSat.1 and rolled them into Chernin Entertainment to become part of The North Road Company – a global content studio unveiled earlier this year. Chernin paid $200 million (€196.3m) for Red Arrow’s US companies including Kinetic Content, Left/Right, 44 Blue, […]
ProSiebenSat.1 has reported that results in Q1 2022 in line with the Group’s expectations, noting that its “synergistic business model demonstrates resilience despite the Russia-Ukraine war, ongoing pandemic, and strains on consumer sentiment.” The German broadcasting group saw revenues grow by 2 per cent to €954 million, with a significant growth in advertising revenue being […]
ANGA COM 2022 will kick-off on May 1th with 390 exhibitors from 33 countries on the Cologne fairgrounds. The successful restart of the Exhibition and Conference for Broadband, Television & Online will take place on more than 22,000 sqm of exhibition space until May 12th.According to the event’s slogan ‘Where Broadband meets Content’, ANGA COM […]
SevenVentures, the investment arm of ProSiebenSat.1 and part of the Group’s Commerce & Ventures segment, has acquired shares in Grover, the consumer-tech subscription platform, via a media-for-equity investment. As part of the Series C financing round of the successful Berlin-based start-up, which thus reaches a valuation in the billions, SevenVentures invests and further expands its […]
Amazon has appointed former ProSiebenSat.1 MD Kaspar Pfluger to head its Prime Video streaming service in Germany. Pfluger lead the German broadcaster from 2015 and last year took charge of production at sister unit Seven.One Entertainment. Pfluger, who has also worked at RTL Group and Channel 5 in the UK, will replace Christoph Schneider at […]