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RTL grows digital business, sells sports asset

May 8, 2015 11.37 Europe/London By Chris Dziadul

RTL-HQRTL Group’s catch-up TV services, websites and MCNs attracted a total 18.7 billion online video views in Q1, up 160% year-on-year.

Of these, FremantleMedia’s more than 220 Youtube channels attracted 2.7 billion views, up 69% year-on-year.

RTL Group’s revenues as a whole amounted to €1,308 million in the first quarter, 0.4% down of the same period last year.

EBITDA was €194 million (+1.6%) and profit €121 million (+12%).

Separately, RTL Group has sold UFA Sports to Lagardère Unlimited for an undisclosed amount.

According to Sport Business, the deal is still subject to regulatory approval from the German competition authorities and may take between four top six weeks to complete.

UFA was founded in 2008 and has until now been RTL’s European-based sports marketing subsidiary.

Under its new owners, it will continue to operate its football marketing activities in Germany as a separate and independent entity within the Lagardère Unlimited network of businesses.

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Filed Under: Newsline Tagged With: RTL Edited: 8 May 2015 11:37

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About Chris Dziadul

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