Revenues at the RTL Group were down 9 percent in the first quarter to €1.4 billion ($1.5 billion), largely due to a challenging advertising market.
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For the first nine months of the year, revenues at RTL Group rose by 12 percent to €5 billion, driven largely by gains at Fremantle as well as a boost in streaming subs.
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On revenues that were up 10.3 percent to €6.6 billion ($7.3 billion), RTL Group posted a record full-year profit of €1.5 billion ($1.6 billion), with gains across advertising, streaming and Fremantle.
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Fremantle and the European production hub Cinecittà have entered into a framework agreement that covers, among other aspects, continuous rental of six soundstages at the Roman studios.
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Fremantle has closed its acquisition of 12 production labels in Norway, Sweden, Finland and Denmark from Nordic Entertainment Group (NENT Group).
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Andrea Scrosati has been promoted at Fremantle, expanding his current role as group COO with the additional remit of CEO for continental Europe.
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