Latest news with #All3Media
Yahoo
06-08-2025
- Business
- Yahoo
Traitors producer hit by TV slowdown
The British production giant behind The Traitors has taken a hit to revenues as the TV industry cuts back spending on new shows. All3Media, which also makes Gogglebox, Midsomer Murders and Race Across the World, saw revenues fall 10pc to £896m in 2024, blaming 'softer demand in a challenging market'. It comes as an advertising slowdown and sharp rise in production costs have forced British broadcasters to slash their programme budgets. Channel 4's content spend last year was close to the lowest in its four-decade history, while ITV has ramped up its use of repeats amid plans to spend less on new shows. The BBC has warned of an 'unprecedented' funding challenge for British TV and said spending on new programming will fall by £150m this year. While streaming giants such as Netflix, Disney and Apple continue to spend heavily, their rate of growth has also slowed in recent years. Revenues generated by UK producers dropped by £400m in 2023, according to the latest industry figures. The squeeze on budgets has taken its toll on companies such as All3Media, which owns more than 40 production houses and sells its shows to broadcasters and streaming platforms worldwide. All3Media saw its pre-tax losses balloon to £114m last year, from £28m in 2023. The company said this was driven primarily by one-off impairments to some of its labels in the UK and Germany, as well as hefty interest costs linked to its debt-fuelled £1.2bn takeover by RedBird IMI last year. Stripping out the impact of these charges, the company posted a profit of £1.1m for the year. The figures come as RedBird IMI is locked in discussions with ITV over a potential deal to combine All3Media with the broadcaster's thriving production division. RedBird IMI, which is a joint venture between US private equity firm RedBird Capital and Abu Dhabi fund IMI, is among a number of suitors reported to be exploring a deal, with others including French production powerhouse Banijay circling. However, its interest has drawn scrutiny from politicians, resulting RedBird IMI's botched attempt to buy The Telegraph. The bid was blocked by the Government over concerns about state influence from the UAE. Under a revised deal, RedBird Capital is poised to become the newspaper's controlling shareholder, with the UAE holding a stake of up to 15pc. Despite slowing demand, All3Media pointed to a number of hits in 2024. The Traitors is the group's best-selling brand, with 31 versions of the show commissioned around the world. Other successful new shows included Boarders for the BBC, Channel 4's To Catch a Copper and the award-winning Disney documentary Billy & Molly: An Otter Love Story. All3Media said its pipeline of productions included a prequel and film of Call The Midwife, as well as a new series and two Christmas specials. The company has also announced the cast and writers for four upcoming films about The Beatles, directed by Sam Mendes. All3Media is still facing a strain on demand but is understood to be forecasting higher revenues and underlying profits for 2025. It came as Disney separately posted a rise in revenue and profits in its third quarter, boosted by strong demand for its theme parks and a $346m (£260m) profit for streaming platform Disney+, which has 128m subscribers worldwide. This helped to offset a decline in Disney's traditional TV business and a $21m loss in its film division, as Pixar film Elio and the latest Marvel blockbuster Thunderbolts* failed to pay off at the box office. Sign in to access your portfolio
Telegraph
06-08-2025
- Business
- Telegraph
Traitors producer hit by TV slowdown
The British production giant behind The Traitors has taken a hit to revenues as the TV industry cuts back spending on new shows. All3Media, which also makes Gogglebox, Midsomer Murders and Race Across the World, saw revenues fall 10pc to £896m in 2024, blaming 'softer demand in a challenging market'. It comes as an advertising slowdown and sharp rise in production costs have forced British broadcasters to slash their programme budgets. Channel 4's content spend last year was close to the lowest in its four-decade history, while ITV has ramped up its use of repeats amid plans to spend less on new shows. The BBC has warned of an 'unprecedented' funding challenge for British TV and said spending on new programming will fall by £150m this year. While streaming giants such as Netflix, Disney and Apple continue to spend heavily, their rate of growth has also slowed in recent years. Revenues generated by UK producers dropped by £400m in 2023, according to the latest industry figures. The squeeze on budgets has taken its toll on companies such as All3Media, which owns more than 40 production houses and sells its shows to broadcasters and streaming platforms worldwide. All3Media saw its pre-tax losses balloon to £114m last year, from £28m in 2023. The company said this was driven primarily by one-off impairments to some of its labels in the UK and Germany, as well as hefty interest costs linked to its debt-fuelled £1.2bn takeover by RedBird IMI last year. Stripping out the impact of these charges, the company posted a profit of £1.1m for the year. The figures come as RedBird IMI is locked in discussions with ITV over a potential deal to combine All3Media with the broadcaster's thriving production division. RedBird IMI, which is a joint venture between US private equity firm RedBird Capital and Abu Dhabi fund IMI, is among a number of suitors reported to be exploring a deal, with others including French production powerhouse Banijay circling. However, its interest has drawn scrutiny from politicians, resulting RedBird IMI's botched attempt to buy The Telegraph. The bid was blocked by the Government over concerns about state influence from the UAE. Under a revised deal, RedBird Capital is poised to become the newspaper's controlling shareholder, with the UAE holding a stake of up to 15pc. Despite slowing demand, All3Media pointed to a number of hits in 2024. The Traitors is the group's best-selling brand, with 31 versions of the show commissioned around the world. Other successful new shows included Boarders for the BBC, Channel 4's To Catch a Copper and the award-winning Disney documentary Billy & Molly: An Otter Love Story. All3Media said its pipeline of productions included a prequel and film of Call The Midwife, as well as a new series and two Christmas specials. The company has also announced the cast and writers for four upcoming films about The Beatles, directed by Sam Mendes. All3Media is still facing a strain on demand but is understood to be forecasting higher revenues and underlying profits for 2025. It came as Disney separately posted a rise in revenue and profits in its third quarter, boosted by strong demand for its theme parks and a $346m (£260m) profit for streaming platform Disney+, which has 128m subscribers worldwide. This helped to offset a decline in Disney's traditional TV business and a $21m loss in its film division, as Pixar film Elio and the latest Marvel blockbuster Thunderbolts* failed to pay off at the box office.
Yahoo
25-06-2025
- Entertainment
- Yahoo
‘The Traitors' Are Coming to Bulgaria
Watch out, Bulgarian faithfuls, and get a roundtable — The Traitors are coming! All3Media International on Tuesday revealed that a local format version of the hit cloak-and-dagger format has been commissioned in the country for the first time. Produced by bTV, the new version is set to premiere this fall on the Bulgarian private national television channel, which is part of the bTV Media Group. More from The Hollywood Reporter YouTube Pitches Itself as a Partner for TV, Including as a Place for Long-Form Content and Full Episodes Diego Luna Slams Trump's Immigration Policies, Says Immigrants "Are the Ones Who Build This Country" Ezra Miller Signals "Tentative" Hollywood Return After Surviving Personal "Abyss" The Bulgarian adaptation of The Traitors will become the sixth local version of the TV phenomenon in Eastern Europe, joining Romania, the Czech Republic, Croatia, Hungary and Ukraine. 'Bringing The Traitors to Bulgarian audiences marks a significant step in our mission to deliver bold, premium entertainment,' said Ralf Bartoleit, CEO of bTV Media Group. 'It's been fantastic to partner with All3Media International on this globally acclaimed format, which aligns perfectly with bTV's strategy to innovate and engage viewers with powerful storytelling and high production value. We're proud to be the home of such a dynamic and gripping show and look forward to introducing it to our viewers.' Since its launch in the Netherlands on RTL 4 in 2021, the format has shown its international appeal, with more than 30 territories commissioning local format versions so far, in addition to numerous returning seasons and companion shows. The adaptations of the ratings hit around the world include the U.S. version for NBCUniversal's streaming service Peacock and the BBC version in the U.K. Created in the Netherlands by IDTV, an All3Media company, The Traitors (Dutch title: De Verraders) was developed with POSVIDEO, in cooperation with RTL Creative Unit. All3Media last year sold to RedBird IMI, led by Jeff Zucker. Said Gabriel Andrews, All3Media sales executive for the Balkans, Greece, Turkey, CIS: 'We are very pleased to be partnering with bTV to bring The Traitors to Bulgaria. I have every confidence audiences will find themselves thoroughly addicted when the new series launches.' Meanwhile, Fox Entertainment Global also unveiled a raft of content sales across Central and Eastern Europe. HRT Croatia secured rights to two star-driven factual titles, namely Yellowstone to Yosemite With Kevin Costner and Martin Scorsese Presents: The Saints. In the Czech Republic, FTV Prima acquired 'a broad package of films, marking a key partnership in one of the region's most competitive broadcast markets,' the company added. Regional SVOD platform Pickbox Now and channel Pickbox TV acquired a pan-regional package of films, as well as drama The Chicken Sisters, starring Schuyler Fisk (Sam & Kate, Orange County), Genevieve Angelson (The Handmaid's Tale, Good Girls Revolt), Lea Thompson (Back to the Future, Switched at Birth) and Wendie Malick (Young Sheldon, Shrinking, Just Shoot Me!). Plus, Poland's Media4fun has renewed a multi-title content package. Said Prentiss Fraser, president of Fox Entertainment Global: 'It's a very important market for our business, and we're thrilled to support these platforms and channels as they continue to grow their audiences locally.' Best of The Hollywood Reporter 'The Studio': 30 Famous Faces Who Play (a Version of) Themselves in the Hollywood-Based Series 22 of the Most Shocking Character Deaths in Television History A 'Star Wars' Timeline: All the Movies and TV Shows in the Franchise
Daily Mail
15-05-2025
- Business
- Daily Mail
Advertising revenues plummeting at ITV amid hopes production arm won't be hit by Trump tariffs
ITV is facing a plunge in advertising – but does not expect its production arm to be hit by proposed US film tariffs. The company expects revenues to tumble 14 per cent in its second quarter following a 2 per cent slide in the first three months of its financial year. It blamed strong comparatives from a year earlier when trading was buoyed by the Euro 2024 football tournament. And it is assessing the 'possibility of trade tariffs in the US', but thinks its ITV Studios business should not suffer a direct impact if Donald Trump imposes a 100 per cent levy on international films. 'ITV Studios only produces TV programming and therefore does not anticipate any direct impact from the imposition of tariffs on films,' it said. Its ITV Studios division – producer of hits including Mr Bates vs The Post Office, Fool Me Once, starring Michelle Keegan for Netflix, and the Disney+ adaptation of Jilly Cooper's novel Rivals – notched up a 1 per cent rise in first-quarter revenues as it returned to growth after the impact of the 2023 US actors and writers strikes. But total group revenue fell 1 per cent to £875million, piling pressure on chief executive Carolyn McCall as she battles to revive ITV. She warned the 'macroeconomic environment is uncertain' as the shares fell 1.3 per cent, or 1p, to 78p. They are down around 70 per cent in the past decade. ITV has held talks about merging the Studios arm with All3Media to create a company worth more than £3billion. All3Media is owned by the Abu Dhabi-backed investment group Redbird IMI, and its production hits include TV show The Traitors. Banijay, the French group behind Big Brother, is also exploring a takeover of the Studios arm or the entire ITV group.
Time of India
30-04-2025
- Business
- Time of India
Operating efficiency, customer adoption lift Freshworks Q1 revenue 19%; net loss narrows sharply
Freshworks reported a strong March quarter, with revenue increasing by 19% to $196.3 million and a significantly narrowed net loss. The company's growth was driven by increased customer adoption and operating efficiency, with a focus on AI-powered solutions. Freshworks anticipates continued growth in Q2 and for the full year, projecting revenue between $815.3 million and $824.3 million. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Nasdaq-listed software-as-a-service (SaaS) company Freshworks on Tuesday reported a 19% year-on-year increase in revenue to $196.3 million for the quarter ended March 31, 2025, up from $165.1 million a year San Mateo (California), and Chennai-headquartered company significantly narrowed its net loss to $1.3 million from $23.3 million in the same period last year, buoyed by higher operating efficiency and increased customer adoption 'Freshworks had another fantastic quarter. We outperformed all our financial metrics for growth and profitability in Q1. We continue to see that our uncomplicated customer and employee service solutions are winning against outdated legacy software vendors," Dennis Woodside, the company's CEO and president, said during the earnings call. "Companies are choosing our AI-powered solutions to remove complexity, improve efficiency and unlock growth.'The company posted a non-GAAP income from operations of $46.4 million, more than double the $21.8 million reported in Q1 2024. Net cash provided by operating activities also rose to $58 million, from $40.6 million a year said the number of customers contributing more than $5,000 in annual recurring revenue (ARR) rose 13% year-on-year to 23,275 during the quarter, while its net dollar retention rate, a key metric that measures revenue retention from existing customers, improved to 105%, from 103% in Q4 2024, though slightly down from 106% in Q1 last total operating expenses for the quarter rose 3% to $176.8 million, from $171.4 million last year, though it managed to reduce its sales and marketing expenses by around 6% during the currently works with more than 73,000 customers in over 120 countries across multiple verticals, including ecommerce, logistics, financial services, auto and the quarter, the company onboarded over 1,000 net customers, including All3Media, Broad River Retail, Freudenberg Group, The Christie NHS Foundation Trust, and Veracode. It also launched a new global partner programme aimed at expanding its reseller offerings and service delivery in Chennai in 2010, Freshworks initially targeted small and medium businesses (SMBs). However, in recent quarters, the company has increasingly focused on mid-market and enterprise customers to offset macroeconomic softness in its traditional SMB base. According to the company, more than 60% of its total annual recurring revenue (ARR) now comes from these outlined three strategic imperatives for Freshworks: investing in its employee experience (EX) business; delivering AI capabilities across its products and platforms to drive productivity gains for customers; and accelerating growth in its customer experience the second quarter of 2025, Freshworks expects revenue to be in the range of $197.3 million to $200.3 million, representing 13% to 15% year-on-year growth. For the full year, it projects revenue to range between $815.3 million and $824.3 AI capabilities, including the Freddy Copilot assistant, are also expected to continue driving adoption and monetisation across its customer and employee experience products.
