Herbert Kloiber’s Tele München Group (TMG) reached a new record in revenues and earnings in the financial year 2010: corporate gross revenues rose to $494.68 million (€344 million), and revenues to $466.37 million, up from $430.61 million in 2009. TMG’s operating EBITDA rose to $113.24 million.
TMG holding’s include the German Cinemax cinema chain, Concorde Filmverleih, Concorde Home Entertainment and CineMedia Film, as well as German commercial broadcasters Tele 5 and RTL II and Austria’s private broadcaster ATV. The company said its three stakes in TV broadcasting proved to be a stable investment and benefited from increasing market shares as well as ad sales, particularly in ATV’s territory Austria.
After the successful launch of Kabel BW Videothek in Baden-Württemberg, On Demand Deutschland, a joint venture with SeaChange, was able to conclude a deal to start HD Videothek in cooperation with Videoweb. The revenues of the already active on-demand services of Telekom Austria, as well as the PPV and VOD services of Unitymedia and Kabel Deutschland (KDG), also recorded an increase in 2010.
