Fremantle’s revenue rose 12% to €1.8 billion ($2 billion) last year, according to German parent company RTL Group. The producer’s EBITDA hit €184M ($205M), which was up 25% on 2018’s €147M ($164M).
RTL’s earnings for the financial year ended December 2019 showed that drama played a big role in Fremantle’s growth, with the company pointing to shows including Starz’s American Gods and HBO’s The New Pope.
Fremantle’s drama revenue grew 36% to €414M ($462M) and now makes up 23% of the producer’s total revenue. Beyond scripted, the company — which has production labels in 30 countries — is known for making shows including America’s Got Talent and The Farmer Wants a Wife.
Fremantle’s performance helped RTL to record revenue of €6.7B ($7.44B) in 2019 — its fifth consecutive year of record growth. EBITDA was down 1% to €1.16B ($1.3B). RTL CEO Thomas Rabe said: “Driven by the strong performances of our three largest business units, RTL Group achieved all financial goals in 2019.”
Must Read Stories
Subscribe to Deadline Breaking News Alerts and keep your inbox happy.