Soft Operating Profits At FremantleMedia North America Hit Parent Company In Q1 Results

Soft Operating Profits At FremantleMedia North America Hit Parent Company In Q1 Results
Lower profit contributions from FremantleMedia North America impacted numbers at the American Gods producer and distributor as well as parent company Rtl.

In its first-quarter financials operating profit at FremantleMedia fell by €2M (Us$2.4M) from last year, dropping from €15M to €13M on steady revenues of €271M, while operating profit at the group fell from €264M to €259M. The company said that it expects FremantleMedia to have a similar performance in the second quarter of the year but noted that revenue growth was expected to “accelerate in the second half of the year on the back of the new drama deliveries”.

This comes despite the launch of American Idol on ABC in March and its subsequent renewal for a second season as well as the premiere of dating format Hear Me, Love Me, See Me on TLC. German drama Charité, which is produced by Ufa Fiction and set in 1880s Berlin,
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