German commercial free-to-air broadcaster ProSiebenSat.1 Media issued reduced guidance for its Full Year revenues and financials on October 28th. The news prompted analysts at investment bank Berenberg to review its own position and advice. The bank also suggested that ProSiebenSat.1’s conversations with MediaForEurope (MFE) might “now accelerate”. Berenberg maintains its “HOLD” advice. “While the magnitude […]
TV broadcasters and TV channels have reached an agreement enabling them to continue offering time-shifted television (replay TV) in its current form in Switzerland in the future. This allows the channels to use new advertising formats to compensate for the revenue lost if commercials are skipped when viewing replay TV. Sunrise is implementing this agreement […]
A report from analysts at investment bank Berenberg says that advertising revenues at German broadcasting giant ProSiebenSat.1 Media are softer and weaker than anticipated. Indeed, the report says that advertising assumptions for the Germany, Austria and Switzerland markets might be too optimistic. “While the guidance from March 2022 reflected an assumption of DACH advertising revenues […]
ProSiebenSat.1 has reported that results in Q1 2022 in line with the Group’s expectations, noting that its “synergistic business model demonstrates resilience despite the Russia-Ukraine war, ongoing pandemic, and strains on consumer sentiment.” The German broadcasting group saw revenues grow by 2 per cent to €954 million, with a significant growth in advertising revenue being […]
The CEO of Germany’s commercial broadcasting network ProSiebenSat.1, Rainer Beaujean, has said while that he is open to formal takeover offers, he would not believe in either a German merger with RTL nor a cross-border deal with MFE (MediaForEurope). While the former deal seems impossible to him due to the regulatory environment, he told the […]
SevenVentures, the investment arm of ProSiebenSat.1 and part of the Group’s Commerce & Ventures segment, has acquired shares in Grover, the consumer-tech subscription platform, via a media-for-equity investment. As part of the Series C financing round of the successful Berlin-based start-up, which thus reaches a valuation in the billions, SevenVentures invests and further expands its […]
Seven.One Entertainment Group, the entertainment company of ProSiebenSat.1 Media SE, is expanding its content pipeline for local content with the establishment of a new Red Arrow production company in Germany. The latest creative forge, based in Cologne, will develop and produce entertainment formats for all Seven.One Entertainment Group platforms, among others, from 2022. The new […]
From February 27th 2022 through to the Stanley Cup Playoffs and Stanley Cup Final, ProSieben MAXX will broadcast one National Hockey League (NHL) game live every week in Germany. In total, the channel will show up to 18 games from the US ice hockey league. Fans already get to see highlight summaries of NHL games […]
ProSieben subsidiary Seven.One Entertainment Grp has signed a ‘first look’ agreement with John de Mol’s content development company Talpa Concepts. The news goes down well with analysts. A report from analysts at investment bank Exane/BNPP suggests that this is positive news for Pro7. “ProSieben thus secures exclusive first access rights to all formats developed or […]
ProSiebenSat.1 Group has reported a “dynamic recovery” in its portfolio in the second quarter of 2021 compared to the pandemic-impacted previous year’s quarter. The German broadcasting group generated record revenues with an increase of 48 per cent to €1.04 billion (previous year: €709 million) – the highest figure ever achieved by ProSiebenSat.1 in a second […]