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 […]
MFE-MediaForEurope has announced that, directly and indirectly, it has crossed the threshold of 25 per cent of secured voting rights of Germany broadcaster ProSiebenSat.1 Media SE through purchases of shares on the market. The company, headed by former Italian Prime Minister Silvio Berlusconi, was already the biggest shareholder in the broadcaster with a 23.9 per […]
ProSiebenSat.1, the German broadcasting Group has reproted that it grew “dynamically” in 2021. Group revenues increased by 11 per cent year-on-year to €4.49 billion (previous year: €4.04 billion); organically, Group revenues also grew with a clear plus of 10 per cent. The biggest growth driver was the Entertainment segment, with significantly higher advertising revenues than […]
Seven.One Entertainment Group, the entertainment company of ProSiebenSat.1 Media SE, is expanding its content pipeline for local content with the establishment of a new Red Arrow production company in Germany. The latest creative forge, based in Cologne, will develop and produce entertainment formats for all Seven.One Entertainment Group platforms, among others, from 2022. The new […]
The Chairman of the Supervisory Board of ProSiebenSat.1 Media SE, Dr. Werner Brandt has decided not to stand for re-election to the Supervisory Board at the Annual General Meeting on May 5th 2022 after eight years and two election periods. The Supervisory Board has revealed it intends to elect Dr. Andreas Wiele, formerly a member […]
NativeWaves has announced the launch of NativeWaves EXP, a new offering that enhances today’s standard broadcast and streaming experience by giving audiences the chance to explore a wealth of additional content at their leisure in order to dive deeper into the action. Powered by a dedicated low latency streaming platform coupled with a highly customizable […]
ProSiebenSat.1 Media revealed a set of solid results for its Q3 trading earlier this month, but, in the words of analysts at investment bank Berenberg, the broadcaster’s numbers were overshadowed by concerns about the lack of growth in the company’s dating business. “This dating assets (Parship, Meet), which is set to be listed in 2022, […]
ProSieben.Sat1 published its Q3 results on November 4th which were in line with expectations on revenues but in the words of analysts at investment bank Exane/BNPP there was “a surprising miss on its EBITDA”. Net income benefitted among others from the financial result and beat consensus expectations by 38 per cent. The highlight, said the […]
ProSiebenSat.1 Media continued its revenue and earnings growth in the third quarter of 2021. The Group generated a considerable revenue increase of 15 per cent to €1.05 billion (previous year: €921 million), with the advertising business in particular growing strongly and improving even better than expected after the effects of the pandemic. In the Entertainment […]