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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RTL Group saw the number of paying subscribers for its streaming services TV Now and Videoland rise by 71 percent year-on-year in the first quarter.
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For the six months ended June 30, 2020, RTL Group's revenues were down 16.4 percent to €2.7 billion amid the COVID-19 pandemic, while the company reported gains in market share and an increase in paying subs for its streaming services.
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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.
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RTL Group has reported revenue of 4.6 billion euros ($5.1 billion) for the first nine months of 2019, up 2.8 percent, largely thanks to the group’s global content business, Fremantle, and digital activities.
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Total revenues at RTL Group were up 7.2 percent in the first quarter to 1.5 billion euros ($1.7 billion), lifted by gains at Fremantle and in its digital activities.
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