German media giant Bertlesmann had a surprisingly good year. Despite the coronavirus pandemic, Bertelsmann, which controls leading European commercial TV broadcaster RTL Group, production giant Fremantle, music label BMG, and book publisher Penguin Random House, boosted its annual profit by 34 percent to $1.77 billion (€1.5 billion) last year, the highest level since 2006, with operating (EBITDA) profit hitting a new high of $3.65 billion (€3.1 billion).
Overall revenue slipped to $20.37 billion (€17.29 billion) from $21.2 billion (€18 billion) a year earlier, with the company's advertising-financed businesses particularly hard hit.
Read more on hollywoodreporter.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.