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Fremantle Dip Drags RTL’s Q3 Revenue Down 5.5% But Streaming Jumps
RTL Group revenues dipped 5.5% to €1.34B ($1.42B) in its third quarter, as turnover at 'Too Hot to Handle' maker Fremantle dragged the figures down.
Production and distribution giant Fremantle has also spent big on Asacha Media Group and Beach House Pictures this year, and RTL CEO Thomas Rabe forecasted a “strong content line-up in the fourth quarter” will “significantly increase” full-year adjusted earnings. Fremantle is set to deliver shows such as Netflix’s Battle Camp, Prime Video’s Costiera, BBC series The Listeners and doc Vietnam: The War That Changed America in the fourth quarter. Europe’s commercial networks have seen TV advertising partially bounce back in 2024 after a brutal year prior, but the recovery hasn’t been as sharp as some market watchers had expected.
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