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Fremantle Half-Year Revenues Down $55M As $3.3B Target Draws Closer; RTL Group Broadly Flat Overall
'Poor Things' maker Fremantle posted revenues of €957M in the first six months of 2024, down from €1.07B in the comparable period a year earlier.
The company is predicting slightly higher full-year revenues, which last year came in at €2.3M, and will push towards the total through organic and M&A growth, maintaining gross margins, and reducing overheads. Fremantle paid an undisclosed amount for France-based Asacha earlier this year, and also acquired an 80% stake in Singapore’s Beach House Pictures, with the tow deals known to have cost more than €200M in total. Long term, RTL — which operates streamers such as RTL+ in Germany and Hungary and M6+ in France — is targeting €750M streaming revenues, nine million paying subs and €500M in annual content spend, along with a path to hallowed profitability.
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