Tag: Bert Habets

ProSiebenSat.1 Media has sold its Verivox business and become the sole owner of NuCom Group and ParshipMeet Group as it simplifies its group structure and continues to refocus on its core entertainment business.

ProSiebenSat.1 Media posted 2024 revenues of €3.9 billion ($4.2 billion), a 2 percent year-on-year increase, despite a challenging linear TV advertising market.

Revenues at ProSiebenSat.1 Media rose by 5 percent in the second quarter to reach €907 million ($989.6 million), driven in part by AVOD gains.

Tim Rhoenisch has been tapped as the new CEO of ProSiebenSat.1’s Commerce & Ventures segment, taking over for Friedrich Thoma, who left the company by mutual agreement.

Bert Habets, group CEO of ProSiebenSat.1 Media, tells World Screen Newsflash about restructuring to weather short- and long-term shifts in the media economy, rationalizing international content spend and betting big on local entertainment that will resonate with audiences and advertisers alike.

On the heels of a better-than-expected Q4, ProSiebenSat.1 Media is targeting a slight gain in 2024 revenues to €3.95 billion ($4.32 billion).

Advertising woes, the conflict in Israel and Gaza, inflation and escalating production costs may have everyone on edge, but the mood in Cannes was less “the sky is falling” and more, as Lucy Smith, the market’s director, said at a closing press conference, “from challenges come opportunities,” as demonstrated by the plethora of keynotes and news throughout the week.

ProSiebenSat.1 CEO Bert Habets is taking on the additional role of CEO of Seven.One Entertainment Group, with the senior management team of managing directors rounded out by Henrik Pabst, chief content officer, and CFO Stefan Endriß.

Bolstering the Joyn streaming service and refocusing some of its content investments are key strategies for ProSiebenSat.1 as the company navigates challenging economic headwinds, Bert Habets, CEO, and Henrik Pabst, chief content officer at Seven.One Entertainment Group, told reporters at a press round table at MIPCOM.

Wolfgang Link, former chief entertainment officer and CEO of Seven.One Entertainment Group, has decided to exit ProSiebenSat.1 as of July 15, after 14 years with the company.