Get the latest gossip
Fremantle Profits Up Nearly 25% But Lofty $3.3B Turnover Target Pushed Back Indefinitely
Fremantle full year profits were up at the 'Poor Things' and 'Maxton Hall' maker but RTL has pushed back 3 billion turnover target.
RTL pointed to 2024 success stories including Oscar-winner Poor Things, hit Amazon YA series Maxton Hall, Kim Kardashian-produced doc Elizabeth Taylor: Rebel Superstar and U.S. entertainment smashes like Family Feud and The Farmer Wants A Wife. But turnover at the Element Pictures-owner slid slightly to €2.25M, representing an 8% “organic” decrease that reflected an ” international market for content production [that] was still impacted by 2023 US strikes and by budget cuts from streaming services and advertising-financed broadcasters,” RTL said. “Fremantle continues to target full-year revenue of €3B in the mid-term, including the acquisition of small and medium-sized production companies and partnerships with creative talent,” said today’s results.
Or read this on Deadline