Fremantle Owner RTL’s Quarterly Revenues Rise to $1.4 Billion, Driven by Buoyant Streaming and TV Advertising
variety.comNaman Ramachandran Revenues at Bertelsmann’s Luxembourg-based RTL Group, a media giant which owns Fremantle, rose 2.6% to €1.3 billion ($1.4 billion), for the first quarter of 2024, driven by buoyant TV advertising and streaming.
However, this was offset by decreased revenues at the group’s global content business. Fremantle revenues were down 9.2% to €395 million (Q1/2023: €435 million), due to what RTL describes as “timing effects in the U.K., Italy and Germany.” “Revenue from Fremantle is recognized when a show or series is delivered to its clients, i.e.
the broadcasters and streaming services. One example: The German version of ‘Idols’ (‘Deutschland Sucht den Superstar’) has been on air for many years in the first quarter of the year.
In 2024, the show will be on air in autumn [fall] – thus the revenue will be recognized in the second half of 2024,” an RTL spokesperson told Variety.
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