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RTL Group sees revenues from TV advertising almost halved

The company says it has compensated half of the missed advertising income with cost savings, without making this concrete. Turnover was more than a quarter lower at almost 1.2 billion euros.

RTL Nederland, owner of RTL 4, RTL 5 and Videoland, saw its profit fall by 90 percent to 2 million euros. Revenues also decreased, to just over 200 million euros. A spokeswoman says that the Dutch branch of RTL is cutting costs, but that there are certainly no forced redundancies. “We do look critically at expiring contracts,” she says.

RTL Netherlands

RTL Nederland will not make use of the Emergency Measure Bridging Employment (NOW) 2.0, with which employers who have run into problems due to the corona crisis receive up to 90 percent of their employee’s wage costs. Via the first NOW scheme, the Dutch branch of RTL received an advance of almost 3.5 million euros.

RTL Group has a total of nearly 1.8 million paying subscribers for streaming services TV Now in Germany and Videoland in the Netherlands. That is an increase of more than 45 percent on an annual basis. In the coming period, Videoland will release new series such as Drag Race Holland, the drama series Lieve Mama, the reality format Love Island and the second season of De Jacht op de Mocro-Maffia.

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