A German news outlet blasted Manchester United winger Jadon Sancho after another underwhelming showing in Borussia Dortmund's 3-2 defeat to Hoffenheim on Sunday.
14.02.2024 - 11:40 / deadline.com
Germany’s ProSiebenSat.1 Media says it ended 2023 on “a good note” after posting earnings of €335M ($358.5M) in its fourth quarter financials.
The broadcaster and media giant had a torrid 2023, in which revenues and earnings fell and the company was forced to reduce headcount in the face of a reduced TV advertising market and restructuring challenges.
However, preliminary results for 2023 Q4 results show it had exceeded previous EBITDA expectations by 11% and grew profits by €32M year-on-year. Further good news came in a major decrease in net debt, down from €1.78B in Q3 to €1.55B.
The company called the figures a “significant increase” and attributed this to “combination of the expected positive business development in the fourth quarter of 2023 as well as various smaller and non-recurring earnings effects that arose during the preparation of the consolidated financial statements.”
Revenues for Q4 were largely flat at €1.28B, compared with €1.27B. Group revenues for the full 2023 were €3.85B, compared with €4.16B in 2022. Earning for the year are also expected to be down €100M at €578M.
ProSieben said its figures are contingent on consolidated revenues increasing slightly and noted it continues to “focus on a lean cost structure, which is having a positive impact on earnings and at the same time opening up headroom for investments, especially in local content.”
“We ended 2023 on a good note,” said Martin Mildner, Group CFO of ProSiebenSat.1 Media. “In the crucial fourth quarter, our advertising revenues in the DACH region were slightly above the previous year’s level and we were able to improve our performance in many parts of the Commerce & Ventures portfolio.
“At the same time, our cost measures are taking effect,
A German news outlet blasted Manchester United winger Jadon Sancho after another underwhelming showing in Borussia Dortmund's 3-2 defeat to Hoffenheim on Sunday.
Christopher Vourlias “The Man With the Crooked Arm,” a Western drama series created by Perivi Katjavivi that was presented at the Berlinale Co-Production Market, is the latest attempt by the Namibian filmmaker to wrestle with the legacy of German colonialism in his southern African nation. The eight-episode limited series follows a notorious Black cowboy who sets off on horseback across colonial-era Africa with stolen loot and an orphaned boy.
Refresh for latest…: Paramount’s Bob Marley: One Love continued to sing sweet tunes in its sophomore session, adding $15M from 59 international box office markets for a drop of 37% from its above-expectations stellar opening. The overseas cume is now $49.4M for $120.6M worldwide.
Dahomey,” a highlight of this year’s Berlinale competition and directed by Cannes prizewinner Mati Diop (“Atlantics”), for North America, Latin America, U.K., Ireland, Germany, Austria, Switzerland, Italy, Turkey and India. The feature film is represented in international markets by Films du Losange, which negotiated the deal with Mubi. “Dahomey” marks the sophomore outing of Diop, a French-Senegalese talent who is considered one of the leading figures in international arthouse cinema and of a new wave in African and diasporic cinema.
Naman Ramachandran A key audience participation segment of the London West End adaptation of Henrik Ibsen‘s 1882 play “An Enemy of the People” left people in tears, star Matt Smith told the BBC. In “An Enemy of the People,” when Dr. Stockmann (Smith) makes an unbelievable discovery about the healing waters in his local baths, he holds the future of the town in his hands, but those with everything to lose refuse to accept his word.
The bad news might be over…. and at this point that counts as good news for the global TV drama business, analysts say.
Rafa Sales Ross Guest Contributor Industry executives, creatives and international buyers came together to preview an exclusive selection of upcoming high-end German series at the Up Next: Germany showcase at the Berlinale Series Market, the dedicated serial content arm of the EFM running between Feb. 19-21. Four projects were selected for the showcase: Dystopian drama “A Better Place” imagines the aftermath of a revolutionary state-led program that eradicates all German prisons.
Ed Meza @edmezavar An ambitious new production company is making waves in Germany, where it’s following up its successful 2020 comedy pic debut with a stylish erotic thriller that harkens back to Hollywood classics of the 1980s. Launched in 2020 by Andreas Kröneck and Antonio Fernandes Lopes in the southwestern Baden-Württemberg city of Heilbronn, Hnywood is aiming high with plans to recapture the cinematic magic of yesteryear, including Edgar Wallace masked-killer mysteries and sexy swashbuckling space operas.
Ed Meza @edmezavar Since its establishment in 2018, Gaumont Germany has produced a wide range of series and TV movies, among them such timely shows as the critically acclaimed “Deutsches Haus” (“The Interpreter of Silence”), which was nominated for the Critics Choice Awards, and the Ukrainian series “In Her Car.” A subsidiary of the French entertainment powerhouse, the Cologne and Berlin-based company also created such ambitious shows as Netflix’s historical epic “Barbarians” – the first season of which was one of the streamer’s most successful non-English-language series worldwide – and the award-winning Sky Original comedy “The Wasp,” about a professional dart player seeking to return to his former glory. Discussing the company’s latest productions, Gaumont Germany President Sabine de Mardt says it’s important to combine broader entertainment with relevance, something both “The Interpreter of Silence” and “In Her Car” offer.
Leo Barraclough International Features Editor Kirsten Niehuus, head of German film fund Medienboard Berlin-Brandenburg, is confident that the changes to film funding proposed by the German government recently will have a “very positive effect on the production scene in Berlin-Brandenburg.” The proposed changes to the funding system were presented last week to German lawmakers in the Bundestag by commissioner for culture and media Claudia Roth (see here). Speaking to Variety Saturday at a party Medienboard hosted at Berlin’s Holzmarkt, Niehuus said the changes “will mean that we would have a tax system in place that could compete, for instance, with Budapest or Prague, so that not so many German productions would go and shoot somewhere else, and more foreign productions would come and shoot in Germany.” Looking at the media landscape across Germany she notes that one major challenge is the decision by high-end outlets such as Paramount+, HBO and Sky to cancel local productions, and she noted “the streamers are not such reliable partners anymore.” She added: “So I think producers are having a really hard time at the moment.” On a happier note, the Berlin government raised Medienboard’s budget by Euros 6 million over the next two years, which will be targeted at the exhibition sector in the region, allowing for the upgrading of facilities at movie theaters.
Rooney Mara is pregnant!
Ed Meza @edmezavar Mehmet Akif Büyükatalay’s suspense drama “Hysteria” offers a timely look at Germany’s diverse West Asian community and the subtle racism and hypocrisy that often permeates liberal discourse about immigrants and foreign cultures. “Hysteria” centers on a provocative film being shot by a Turkish-German director about racist arson attacks on German migrant residences in the 1990s. When a Quran goes up in flames during the shoot, the Arab extras on set are outraged, resulting in a set fraught with tension.
A youthful crowd of industry professionals filed into a bustling room at the Gropius Bau Saturday afternoon for the inaugural AfroBerlin symposium here at the Berlin Film Festival.
Sir Keir Starmer said his party would deal with Donald Trump if the United States chooses him as the next president.
Catherine Bray Two years after their Berlinale prizewinner “Rabiye Kurnaz vs. George W. Bush,” veteran German director Andreas Dresen and his regular screenwriter Laila Stieler reteam for the moving drama “From Hilde, With Love.” Drawing on the compelling real-life case of the Hilde and Hans Coppi, a young married couple arrested and executed for treason by the Gestapo in wartime Berlin, the film cross-cuts between an idyllic summer romance and much darker later events.
Elsa Keslassy International Correspondent Highland Film Group has locked key territory deals for sci-fi thriller “The Astronaut” from “A Quiet Place” producer Brad Fuller Pic stars Kate Mara (“A Teacher”), Laurence Fishburne (“John Wick” films) and Gabriel Luna (“Terminator: Dark Fate”). The film wrapped shooting late last year in Ireland. “The Astronaut” has sold to Signature Entertainment for the U.K., Capelight Pictures for Germany, Blue Swan Entertainment for Italy, Nos Lusomundo Audiovisuais for Portugal, DeAPlaneta for Spain, Spentzos Film for Greece, Cinemania Group for former Yugoslavia, Shoval Film Production for Israel, Falcon Films for the Middle East, Filmfinity for South Africa and Roadshow Films for Australia and New Zealand.
Filmmaker Andreas Dresen and actress Liv Lisa Fries took part morning in the press conference for new drama From Hilde, With Love, which debuts this weekend in Competition at the Berlin Film Festival.
EXCLUSIVE: The EFM packages aren’t done just yet. Pirates Of The Caribbean director and Oscar winner Gore Verbinski has pulled together a strong cast for his fun-sounding next movie, titled Good Luck, Have Fun, Don’t Die.
Emiliano De Pablos Pink Parrot Media, the Montreal and Madrid-based international sales house, has revealed a flurry of deals for the German-Canadian CG animated fantasy feature “Elli and Her Monster Team!,” which is making its market premiere at the EFM. Underlining the appetite for toon family features by European distributors, the film has been sold to Just Entertainment in Benelux, Bim Distribuzione in Italy, NOS Lusomundo in Portugal, Flins&Piniculas in Spain and GPI for Baltics. “Elli” has also been acquired by Pro Films in Bulgaria, Rocket Releasing for CIS, Forum (Czech Republic/Slovak), MCF Megacom Film (Former Yugoslavia), Cinetel (Hungary), Forum for Poland, Romania and Israel, and Front Row in the Middle East.
Naman Ramachandran Top Indian star Allu Arjun has revealed franchise expansion plans for his 2021 blockbuster film “Pushpa: The Rise — Part 1.” Directed by Sukumar and produced by Mythri Movie Makers, the film traced the rise of Pushpa Raj (Arjun), a laborer who rises through the ranks of a red sandalwood smuggling syndicate and faces off against an egotistical police officer. The Telugu-language film was also dubbed into other Indian languages and went on to become India’s biggest box office hit of 2021. Arjun won best actor at India’s National Film Awards for the film.