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Fremantle’s $3.3B Revenue Target Pushed Back By Up To A Year
RTL has delayed Fremantle's 3 billion euro revenue target due to the strikes and streamer slowdown hitting the 'Poor Things' producer
The target was bought in around five years ago with a view to doubling Fremantle’s revenue as RTL, which runs channel groups in Germany, Holland and France, looked to TV and movie production as a big driver for growth. The news was buried in Bertelsmann-owned RTL’s annual results late last week, which also reported Fremantle’s yearly performance. It had splurged around $270M in 2022, Deadline analysis found, including splashy buys such as Poor Things producer Element Pictures, Jimmy Savile: A British Horror Story indie 72 Films and vet Italian outfit Lux Vide.
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