Advanced Television

berenberg

Bank: NENT rated BUY

According to a report from investment bank Berenberg, future ARPU growth at Nordic Entertainment Group (NENT) will largely be non-linear and from its Viaplay SVoD platform. NENT’s ARPU has been hit hard by the cancellation of sporting events this year due to the pandemic, and its forecast revenues of cSEK114 per month (€11.12) for FY […]

December 9, 2020

ProSiebenSat.1 unable to issue 2021 guidance

German commercial broadcasting giant ProSiebenSat.1 Media admitted at an investment bank conference last week that while its advertising revenues had picked up in November and thus making the October-November period to be broadly flat (compared with 2019) and December still had potential for a latish surge in advertising. However, as investment bank Berenberg said on […]

December 7, 2020

Bank: “BUY Eutelsat, SELL SES”

A pair of detailed reports to clients from investment bank Berenberg makes for good reading for Eutelsat but delivered negative advice as to the state of prospects for arch-rival SES. As for Eutelsat, Berenberg’s analyst Robert Berg says that the satellite operator’s shares are “still cheap”. The bank’s note says: “We reiterate our ‘Buy’ rating […]

November 27, 2020

Bank: “Love is in the air” for ProSiebenSat.1

Investment bank Berenberg says that with the closing of the acquisition of the Meet Group, ProSiebenSat.1 now has an online dating business that has the potential to deliver broad-based revenue and profits growth. “Management has been very clear that the intention is to conduct an IPO for this business (although a trade sale might also […]

October 13, 2020

Bank: “SES not ready to play”

A major report on satellite operator SES from analysts at investment bank Berenberg is blunt and expresses doubt in the growth of its ‘Mobility’ division which the bank expects to suffer “materially” slower growth in its coming Q4 numbers and not aided by the pandemic hitting some of SES’s major clients (IFE operators Gogo and […]

September 15, 2020

Bank: “Positive opportunities in broadcast advertising”

A comprehensive study of European commercial broadcasters by analysts at Deutsche Band advises clients that traditional media formats including TV and print have come under significant structural pressure over the past few years as consumers have moved online and advertisers have followed suit. The bank says that, despite the doom and gloom, TV has actually […]

August 6, 2020By Chris Forrester

Bank analyses Mediawan

On June 22nd, Mediawan announced it was acquiring Lagardere Studios. The news prompted a spectacular 41 per cent rise in Mediawan’s shares. Investment bank Berenberg has looked closely at Mediawan and reports on its founders (Pierre-Antoine Capton, Xavier Niel and Matthieu Pigasse) who used the occasion to announce the creation of the Mediawan Alliance, which […]

June 24, 2020By Chris Forrester