Mansha Daswani

RTL Group delivered first-quarter revenues of €1.47 billion ($1.59 billion), a 3.4-percent decline from the same period last year, mainly due to lower ad revenues as a result of the COVID-19 pandemic.

This year will see Western Europe add about 45 million new SVOD subscribers, with COVID-19 shutdown measures providing a major boost to the sector, according to Digital TV Research.

U.K. TV viewing has risen 24 percent since the country's lockdown began, with audiences increasingly turning to classic TV shows, comedies, light entertainment and news, according to new research released by Thinkbox.

Planning is underway for a new £250 million ($310 million) television and film production facility to be built on the site of the derelict Newtown Railway Works in Kent.

Overall revenues at Nordic Entertainment Group (NENT) slipped by 2 percent in Q1 2020, with advertising and studios revenues falling while subscription revenues rose thanks to gains at Viaplay.

The number of pay-TV subscribers across Western Europe will fall by 2.6 percent between 2019 and 2025 to reach 99.86 million, according to Digital TV Research.

OTT TV and movie revenues from across 22 Eastern European markets will rise from $1.4 billion last year to $3.6 billion in 2025, according to Digital TV Research.

With sports consumption having "collapsed" in Europe amid the coronavirus pandemic, entertainment and news consumption have soared, according to Conviva.

Channel 4 is expecting to reduce its content budget by £150 million, with a further £95 million in cost-savings across the organization, as it looks to weather the financial impact of the COVID-19 pandemic.

Max Conze has stepped down as CEO of ProSiebenSat.1 Media, effective immediately, as the European media group refocuses its business on its entertainment segment.