Advanced Television

ProSiebenSat.1

ProSiebenSat.1 “not interested” in Sky Deutschland

German commercial broadcaster, ProSiebenSat.1, has stated that it is not interested in acquiring Comcast’s Sky Deutschland operation. ProSiebenSat.1 CFO Ralf Gierig, speaking to Reuters, said the broadcaster was very much focusing on conventional, linear FTA television and its digital footprint. “Sky is in the pay-TV business, which is historically a difficult business in Germany,” he […]

November 15, 2022By Chris Forrester

ProSiebenSat.1 Q3 revenue down 13%

In the third quarter of 2022, ProSiebenSat.1 Group generated Group revenues of €921 million, down 13 per cent (previous year: €1.055 billion), in what is called a “challenging market environment”. Adjusted for currency effects and excluding the revenue contributions of portfolio companies recently disposed, such as the US production business of Red Arrow Studios as […]

November 15, 2022

ProSiebenSat.1 eyeing Sky Deutschland?

German commercial broadcasting giant ProSiebenSat.1 is reportedly exploring a deal to buy Sky Deutschland, the Comcast-owned pay-TV broadcaster. Comcast acquired Sky Deutschland as part of its overall purchase of Sky’s European pay-TV assets in a $40 billion (€39.9bn) purchase in 2018. Comcast is working with advisors at PJT Partners on the disposal according to Reuters, […]

November 10, 2022By Chris Forrester

ProSiebenSat.1 establishes Seven.One Studios

ProSiebenSat.1 is realigning its production and international distribution business. Following the establishment of two new production companies in Germany over the past twelve months and the sale of Red Arrow Studio’s US production business in the summer of 2022, the Munich-headquartered media group is bundling its eight subsidiaries in Germany, UK, Denmark and Israel and […]

November 9, 2022

Bank: Concerns for ProSiebenSat.1

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 […]

November 1, 2022

Habets to lead ProSiebenSat.1

The Supervisory Board of ProSiebenSat.1 Media has resolved on a change in the chair of the Executive Board of ProSiebenSat.1 Media: Bert Habets will take over as chairperson of the Executive Board (Group CEO) of ProSiebenSat.1 Media on November 1st. He has already been involved with ProSiebenSat.1 as a member of the Supervisory Board since […]

October 4, 2022

Three bids for M6?

Stephane Courbit, the chair of Banijay, has emerged as the frontrunner bidding for M6 Group via his FL Entertainment investor, along with other, reports Bloomberg. M6 owner Bertelsmann put it on the block after the regulator stopped its TF1 merger, and has reportedly received three offers. The group led Courbit has offered €20 a share […]

September 26, 2022

Bank trims ProSiebenSat.1 guidance

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 […]

August 17, 2022

ProSiebenSat.1 maintains growth in Q2

After a positive start to the year, ProSiebenSat.1 Group continued to grow in the second quarter of 2022. Group revenues rose by 1 per cent to €1.05 billion, while adjusted EBITDA remained stable year-on-year at €166 million (previous year: €166 million). In view of a strong previous-year quarter, which had benefited from catch-up effects due […]

August 11, 2022

Chernin buys Red Arrow US

US businessman and investor Peter Chernin has bought US division of Red Arrow Studios from ProSiebenSat.1 and rolled them into Chernin Entertainment to become part of The North Road Company – a global content studio unveiled earlier this year. Chernin paid $200 million (€196.3m) for Red Arrow’s US companies including Kinetic Content, Left/Right, 44 Blue, […]

July 6, 2022