Bertelsmann’s Luxembourg-based media giant RTL Group, which owns Fremantle, has declared a group profit of €1.5 billion ($1.65 billion) for 2021, up from €625 million in COVID-affected 2020. The RT…
, CEO of RTL Group, said: “RTL Group’s growth businesses of streaming and content progressed significantly in 2021, with more than 3.8 million paying subscribers for RTL Plus and Videoland, and 81 new drama productions from Fremantle. We have significantly raised our streaming targets. Compared to 2021, we plan to triple the annual content investments to around €600 million by 2026.
RTL is part of several consolidation moves in Europe, which Rabe said would “create significant value for RTL Group’s shareholders and stronger positions to compete with the global tech and streaming platforms.
In July 2021, RTL Deutschland acquired the outstanding 50% shareholding in Super RTL from its former joint-venture partner, The Walt Disney Company, and now owns 100% of the company.
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