EXCLUSIVE:RTLhas pushed backFremantles lofty 3B ($3.3B) revenue target by up to a year.
The direction of travel is clear and we are investing significantly in Fremantle.
The news was buried in Bertelsmann-owned RTLs annual results late last week, which also reported Fremantles yearly performance.
Emma Stone in ‘Poor Things’Searchlight Pictures / Courtesy Everett Collection
ThePoor Thingssuper-indie saw turnover fall slightly by 3.5% to 2.26B still more than 800M off target.
Adjusted EBITA was down by the sharper 14.2% to 139M.
RTLs overall revenues fell by 5.4% to 6.2B, with adjusted EBITA down 15.2% to 782M.
