Revenue at RTL subsidiary Fremantle rose 6.5 percent in the first quarter, with TV ad sales and streaming revenues hitting double-digit gains.
Traditional TV advertising revenue rebounded and streaming growth took off in the first quarter for European TV and production giant RTL Group, which reported its latest results on Friday.
Group revenue for the quarter was up 11.3 percent to $1.64 billion , with TV advertising climbing 11.2 percent over the year-ago period and streaming revenue jumping 23.1 percent. RTL Group said its SVOD platforms RTL+ and Videoland added 1.6 million additional subscribers, taking their joint total to 4.3 million, a 58.2 percent increase over this time last year.
RTL’s bottom line was helped by the sale of regional operations RTL Belgium, which closed on March 31. The group has also signed an agreement to sell off its television operations in Croatia, with the deal expected to close in the second quarter of this year. In its core western European markets, which include Germany, France and the Netherlands, RTL looking to consolidate to create what it terms “national media champions.
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