European television giant RTL Group is closing in on profitability in its streaming division, with subscriber figures and online revenues surging last year and start-up costs falling.
In its year-end results, published Thursday, RTL said subscribers to its streaming services RTL+ in Germany and Hungary and the new M6+ platform in France jumped 21 percent to more than 6.8 million. Streaming revenues were up an impressive 42 percent at €403 million ($437 million), boosted by price hikes for the RTL+ service in Germany. RTL’s German service accounts for the lion’s share of the group’s subscriber business, with some 6.06 million paying subscribers. Streaming start-up losses at the division were down some 22 percent to €137 million ($149 million)
Related Stories
RTL CEO Thomas Rabe hailed the results as a “turning point” for the company’s digital future. “Our streaming services continued to grow dynamically
...
Keep reading this article on Hollywood Reporter.
