Fremantle‘s first quarter revenue fell 5.6% as the Got Talent maker’s parent RTL blamed “budget cuts at broadcasters and streamers.”
Sales were down to €373M ($418M) in the three months to March this year. The figure for the same period in 2024 was €395M.
The falls were partially offset by the acquisition of France-based Asacha Media Group, which added the likes of Death in Paradise producer Red Planet, Arrow Media and Italy’s Stand By Me into the Fremantle fold.
Fremantle will be expecting a stronger Q2, when it launches the 20th season of America’s Got Talent on NBC, the 18th season of Britain’s Got Talent on ITV and the 14th season of Italia’s Got Talent on Disney+, the 15th season of Death in Paradise from Red Planet Pictures on the BBC as well as the films Pillion and My Father’s Shadow from Element Pictures.
RTL said that despite the revenue drop, Fremantle was “making good progress on boosting IP development and rapidly deploying AI,” referencing
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