ProSiebenSat.1 Media
{{Short description|German mass media company}}
{{Use dmy dates|date=March 2015}}
{{Infobox company
| name = ProSiebenSat.1 Media SE
| logo = ProSiebenSat.1 Media SE Logo.svg
| type = Societas Europaea
| traded_as = {{FWB|PSM}}
SDAX
| foundation = {{start date and age|df=y|2000|10|02}}
| location = Unterföhring, Germany
| key_people = {{Unbulleted list|Bert Habets (Chairman of the Executive Board)|Andreas Wiele (Chairman of the Supervisory Board)}}
| industry = Mass media
| products = Broadcasting, Free-to-air and subscription television, television production, cable, dating, commerce, ventures
| revenue = €3.852 billion (2023)
| operating_income = €406 million (2023)
| net_income = €225 million (2023)
| assets = €5.904 billion (2023)
| equity = €5.904 billion (2023)
| num_employees = 7,188 (2023)
| owners = {{Unbulleted list
| MediaForEurope (26.58%)
| PPF Group (11.60%)
}}
| website = {{URL|https://www.prosiebensat1.com/en|prosiebensat1.com}}
}}
ProSiebenSat.1 Media SE (officially abbreviated as P7S1, formerly ProSiebenSat.1 Media AG) is a German mass media and digital company based in Unterföhring near Munich. It operates in three segments: Entertainment, Dating and Commerce & Ventures. The company is listed on the Frankfurt Stock Exchange.{{Cite web |last=Cünnen |first=Andrea |date=2023-12-06 |title=Pro Sieben Sat 1 steigt aus MDax ab – Xing-Mutter muss SDax verlassen |url=https://www.handelsblatt.com/finanzen/maerkte/boerse-inside/indexwechsel-pro-sieben-sat-1-steigt-aus-mdax-ab-xing-mutter-muss-sdax-verlassen/100002420.html |access-date=2024-12-16 |website=Handelsblatt |language=de}}
History
KirchMedia GmbH & Co. KG aA became the majority shareholder in ProSieben Media AG at the end of 1999. ProSieben Media AG merges with another Kirch group subsidiary, Sat.1 SatellitenFernsehen GmbH, in 2000. The newly created company controlled various TV channels such as SAT.1, ProSieben and Kabel Eins.{{Cite news |date=2000-08-22 |title=Fusion zum größten deutschen TV-Konzern/Synergie-Effekte sollen 100 Millionen Mark Kosten sparen |work=Leipziger Volkszeitung |language=de}}{{Cite news |date=2007-07-18 |title=ProSiebenSat.1 Media AG |work=Rhein-Zeitung}}{{Cite news |date=2000-06-28 |title=Einigung über Senderfamilie |work=Handelsblatt |language=de}} Since 2 October 2000, the shares of ProSieben Media AG have been traded under the name ProSiebenSat.1 Media AG (ProSiebenSat.1) on the Frankfurt Stock Exchange.{{Cite news |date=2000-06-29 |title=Der größte deutsche TV-Konzern entsteht |work=Der Tagesspiegel |language=de}}{{Cite news |date=2000-10-11 |title=Unternehmensnachrichten |work=Frankfurter Allgemeine Zeitung |language=de}} As part of the integration of Sat.1, ProSieben Television GmbH was established.{{Cite news |date=2000-06-29 |title=Einzelheiten der Transaktion |work=Börsen-Zeitung |language=de}}
= Collapse of the Kirch group and takeover by Haim Saban =
The company nearly merged with KirchMedia GmbH in 2002, but the merger failed due to the Kirch group's insolvency. The ProSiebenSat.1 stock price crashed following the failed merger.{{Cite news |date=2001-09-07 |title=Fusion mit Kirch Media bedrückt die Pro-Sieben-Aktionäre |work=Frankfurter Allgemeine Zeitung |language=de}}{{Cite news |date=2002-02-23 |title=Kirch sagt Fusion vorerst ab |work=Süddeutsche Zeitung |language=de}}
In 2003, the creditors' committee chose P7S1 Holding, a subsidiary of Haim Saban's Saban Capital Group, as the buyer of 71.98 percent of the voting rights, making it the new main shareholder of ProSiebenSat.1.{{Cite web |last= |first= |date=2003-08-05 |title=Der Untergang des Kirch-Imperiums |url=https://www.n-tv.de/archiv/Der-Untergang-des-Kirch-Imperiums-article97062.html |access-date=2023-01-05 |website=n-tv |language=de}} Saban took over the company for €500 million. The remaining 11.49 percent were held by Axel Springer and 16.53 percent by the Kirch Group, each through an investment company.
After the takeover through P7S1 Holding, the company was restructured, and some TV shows were cancelled. The company's TV channels, aimed at an age group of 14 to 49 years, had a market share of more than 30 percent and earned €1.8 billion in 2002, making a profit of €21 million. In the same year, the company had over 3000 employees.
When chairman Urs Rohner left the company by 30 April 2004 "at his own request", Belgian Guillaume de Posch became the new chairman.{{Cite web |last=Clarke |first=Stewart |date=2017-12-13 |title=Guillaume de Posch Stepping Down as RTL Co-CEO; Bert Habets to Lead European TV Giant |url=https://variety.com/2017/tv/news/guillaume-de-posch-rtl-bert-habets-1202638889/ |access-date=2024-12-17 |website=Variety |language=en-US}}{{Cite news |date=2004-03-23 |title=Personal-Karussell: ProSiebenSat.1-Chef Rohner schmeißt hin |url=https://www.spiegel.de/wirtschaft/personal-karussell-prosiebensat-1-chef-rohner-schmeisst-hin-a-291998.html |access-date=2024-12-17 |work=Der Spiegel |language=de |issn=2195-1349}}
In 2005, Axel Springer Verlag offered to buy the company for €3 billion, but this purchase was blocked by the Federal Cartel Office and the Commission on Concentration in the Media.{{cite web |last=Gärtner |first=Birgit |date=2005-12-15 |title=Elefantenhochzeit vorläufig verschoben |url=http://www.heise.de/tp/r4/artikel/21/21576/1.html |access-date=2024-12-16 |website=Heise |language=de}}{{Cite news |date=2006-01-07 |title=Kartellamt lehnt Fusion mit ProSieben weiter ab |work=Hamburger Abendblatt |language=de}} Springer announced to withdraw the offer on 31 January 2006.{{Cite news |date=2006-02-01 |title=Springers Übernahmepoker |work=Wirtschaftswoche |language=de}}
= Takeover by Permira and KKR =
Haim Saban's shares were bought by Permira, a private equity company, and Kohlberg Kravis Roberts (KKR) for about €3 billion on 14 December 2006.{{Cite web |last=Riering |first=Burkhard |date=2006-12-14 |title=Ich bin dann mal weg |url=https://www.welt.de/print-welt/article702711/Ich-bin-dann-mal-weg.html |access-date=2024-12-16 |website=Die Welt |language=de}} The shareholding was merged with Permira and KKR's other European media shareholding SBS Broadcasting Group based in Luxemburg. SBS was made up of 19 private TV channels, 20 pay TV channels and radio stations.{{Cite news |last=Siebenhaar |first=Hans-Peter |date=2006-12-14 |title=Verkauf von Pro Sieben Sat 1 |work=Handelsblatt |language=de}}{{Cite news |last=Höpner |first=Axel |last2=Michael |first2=Pohl |date=2006-12-15 |title=Ein neuer TV-Riese in Europa |work=Kölnische Rundschau |language=de}} This made the merged company the second-largest television provider in Europe.
On 16 July 2007, the corporation announced the reduction of 180 jobs (100 of which in Berlin and 80 in Munich) until 2009. On the same day, two boulevard shows at Sat.1 were cancelled. Subsequently, further news shows were also to be cancelled or downsized.
On 10 December 2007, the Axel Springer AG announced a complete pull-out from ProSiebenSat.1 and the sale of their 12 percent of common stock and preferred stock to KKR and Permira for €509 million.{{cite web |last=Mantel |first=Uwe |date=2007-12-11 |title=Springer steigt vollständig bei ProSiebenSat.1 aus |url=http://www.dwdl.de/article/news_13772,00.html |access-date=2024-12-16 |website=DWDL |language=de}}{{Cite news |last=Knappmann |first=Lutz |last2=Brychcy |first2=Ulf |date=2008-03-04 |title=Pin beschert Springer Rekordverlust |work=Financial Times Deutschland |language=de}} This transaction was concluded on 16 January 2008. Therefore, Lavena Holding 5, which was jointly controlled by KKR and Permira, received 5 percent of the common stock as well as 25 percent of the non-preferred stock.{{cite web |date=2008-01-16 |title=Verkauf der ProSiebenSat.1-Anteile von Axel Springer an KKR |url=http://www.wowowo.de/enews/67768.htm |url-status=dead |archive-url=https://web.archive.org/web/20141107023857/http://www.wowowo.de/enews/67768.htm |archive-date=2014-11-07 |website=wowowo}}
Upon the takeover of SBS by ProSiebenSat.1 in Summer 2007, KKR and Permira offered an option to the other owner, Telegraaf Media Groep (TMG), for 12 percent of the common stock if they renounce their right of pre-emption.{{Cite web |last=Mantel |first=Uwe |date=2007-06-01 |title=Holländer steigen groß bei ProSiebenSat.1 ein |url=https://www.dwdl.de/nachrichten/11121/hollnder_steigen_gro_bei_prosiebensat1_ein/ |access-date=2024-12-16 |website=DWDL |language=de}} In June 2008, TMG announced the acquisition of shares of the company without their right of pre-emption.{{Cite web |last=Lückerath |first=Thomas |date=2008-06-09 |title=Niederländer verzichten auf Einstieg bei ProSiebenSat.1 |url=https://www.dwdl.de/nachrichten/16230/niederlnder_verzichten_auf_einstieg_bei_prosiebensat1/ |access-date=2024-12-16 |website=DWDL |language=de}} This deal concluded in August of the same year.{{Cite web |last= |date=2008-08-02 |title=Telegraaf Media Groep neuer Großaktionär bei ProSiebenSat.1 |url=https://www.digitalfernsehen.de/Telegraaf-Media-Groep-neuer-Grossaktionaer-bei-ProSiebenSat-1.news_382907.0.html |access-date=2024-12-17 |website=Digitalfernsehen |language=de-DE}}
At the end of 2008, Guillaume de Posch left the company at his own request.{{Cite news |last=Knappmann |first=Lutz |last2=Lachman |first2=Jennifer |last3=Clausen |first3=Sven |date=2008-06-17 |title=Führungschaos bei Pro Sieben Sat 1 |url=http://www.ftd.de/technik/medien_internet/:R%FCcktritt%20De%20Posch%20F%FChrungschaos%20Pro%20Sieben%20Sat/373968.html |url-status=dead |archive-url=https://archive.today/20120804085955/http://www.ftd.de/technik/medien_internet/:R%FCcktritt%20De%20Posch%20F%FChrungschaos%20Pro%20Sieben%20Sat/373968.html |archive-date=2012-08-04 |access-date=2024-12-17 |work=Financial Times Deutschland |language=de}} Between March 2009 and February 2018, Thomas Ebeling was the company's CEO.{{Cite news |last= |first= |date=2017-11-19 |title=Thomas Ebeling: Chef von ProSiebenSat.1 verlässt das Unternehmen |url=https://www.zeit.de/wirtschaft/unternehmen/2017-11/thomas-ebeling-pro-sieben-sat-1 |access-date=2024-12-17 |work=Die Zeit |language=de-DE |issn=0044-2070}}
In October 2009, the TV channel group had debts totalling more than €3.4 billion and they only paid the taxes for the loan.{{Cite web |last=Zota |first=Volker |date=2009-10-28 |title=ProSiebenSat.1 will neue Geschäftsfelder erobern |url=https://www.heise.de/news/ProSiebenSat-1-will-neue-Geschaeftsfelder-erobern-843949.html |access-date=2024-12-16 |website=Heise |language=de}} The group saved especially on program expenditures.{{Cite news |date=2009-08-06 |title=Werbeflaute belastet Springer und ProSieben |work=Handelsblatt |language=de}}
After selling the TV channels in Belgium and the Netherlands, owned by ProSiebenSat.1, for €1.225 billion to an international media consortium led by the Finnish group Sanoma on 29 July 2011,{{cite web |last=Krei |first=Alexander |date=2011-04-20 |title=Milliarden-Deal: ProSiebenSat.1 verkauft Aktivitäten |url=http://www.dwdl.de/nachrichten/30979/milliardendeal_prosiebensat1_verkauft_aktivitten/ |access-date=2024-12-16 |website=DWDL |language=de}} the entirety of Scandinavian channels was sold to the American Discovery Communications Inc. for €1.325 billion in December 2012.{{Cite news |date=2012-12-14 |title=Dax schafft vierte Gewinnwoche in Folge |work=Handelsblatt |language=de}} The proceeds were intended to settle final liabilities amounting to around €500 million and to finance an increase in the dividend to around €5.60 per share.{{Cite web |date=2015-09-24 |title=Ad-hoc: ProSiebenSat.1 verkauft Fernseh- und Radio-Aktivitäten in Nordeuropa an Discovery Communications |url=http://www.prosiebensat1.de/de/presse/pressemeldungen/presse-lounge/prosiebensat1-media-se/2012/12/ad-hoc-prosiebensat1-verkauft-fernseh-und-radio-aktivitaeten-in-nordeuropa-an-discovery-communications-(1)/ |url-status=dead |archive-url=https://web.archive.org/web/20150924082501/http://www.prosiebensat1.de/de/presse/pressemeldungen/presse-lounge/prosiebensat1-media-se/2012/12/ad-hoc-prosiebensat1-verkauft-fernseh-und-radio-aktivitaeten-in-nordeuropa-an-discovery-communications-(1)/ |archive-date=2015-09-24 |access-date=2024-12-17 |website=ProSiebenSat.1 Media SE |language=de}} Not included in the deal were the production companies.
In March 2012, Red Arrow Entertainment Group announced that they've acquired a majority stake in British unscripted production outfit CPL Productions marking Red Arrow's first move into the British unscripted market.
In mid-February 2013, the capital investors Permira and KKR started to sell all preferred shares in Lavena Holding 1, which amounted to 18 percent. The stock packet was sold at the Frankfurt Stock Exchange for close to €485 million (€24.60 per share). As a result of the sale, all preference shares, or 50 percent of the share capital, were in free float.{{Cite web |last= |date=2013-02-14 |title=ProSiebenSat.1: KKR und Permira machen Kasse |url=https://www.manager-magazin.de/finanzen/boerse/a-883314.html |access-date=2024-12-16 |website=Manager Magazin |language=de}}
= Exit of KKR and Permira =
At the annual general meeting on 23 July 2013, the ProSiebenSat.1 shareholders approved the merger of the previously listed preferred shares and the common shares held by KKR and Permira. As a result, only the voting common shares were traded on Frankfurt Stock Exchange. Following the conversion, KKR and Permira held 44 percent of the common shares, thus no longer holding a majority. The capital investors also decided with the Telegraaf Media Groep to sell their interest in tranches at the stock exchange.{{Cite news |date=2013-07-23 |title=Auf dem Weg in den Dax |url=https://www.tagesspiegel.de/wirtschaft/prosiebensat-1-auf-dem-weg-in-den-dax/8537462.html |url-status=dead |archive-url=https://web.archive.org/web/20220601144323/https://www.tagesspiegel.de/wirtschaft/prosiebensat-1-auf-dem-weg-in-den-dax/8537462.html/ |archive-date=2022-06-01 |access-date=2024-12-17 |work=Der Tagesspiegel |language=de}}{{Cite web |last=Mantel |first=Uwe |date=2013-09-04 |title=KKR/Permira stoßen großes ProSiebenSat.1-Paket ab |url=https://www.dwdl.de/nachrichten/42424/kkrpermira_stossen_grosses_prosiebensat1paket_ab/ |access-date=2024-12-17 |website=DWDL |language=en}}
On 19 August 2013, the ProSiebenSat.1 Media AG finished its initial public offering, resulting in only the previously unlisted common shares being listed on the MDAX since then.{{Cite web |last= |date=2013-08-13 |title=ProSiebenSat.1 geht komplett an die Börse |url=https://www.manager-magazin.de/finanzen/boerse/prosiebensat-1-geht-komplett-an-die-boerse-a-916342.html |access-date=2024-12-16 |website=Manager Magazin |language=de}}
On 4 and 6 September, Lavena Holding and Telegraaf Media Groep sold 17 percent of their shares to institutional investors. Therefore, the shares of KKR and Permira decreases to 33 percent and the Telegraaf Media Groep completely sold their shares and was no longer a shareholder.{{Cite web |date=2013-09-06 |title=Aktienverkauf von Lavena und TMG |url=http://boerse.ard.de/aktien/grosser-aktienausverkauf-bei-proisebensat-eins100.html/ |archive-url=https://web.archive.org/web/20130911163555/http://boerse.ard.de/aktien/grosser-aktienausverkauf-bei-proisebensat-eins100.html |archive-date=2013-09-11 |website=Börse ARD |language=de}}
At the end of 2013, ProSiebenSat.1 announced the sale of the rest of its Eastern European holdings. The Hungarian TV channels were sold in a management buyout. In Romania, all TV and radio channels, except for Prima TV, which was to be acquired by Romanian entrepreneur Cristian Burci, were taken over by the Greek Antenna Group. The takeovers were completed in the first quarter of 2014.{{cite web |last=Lückerath |first=Thomas |date=2013-12-23 |title=ProSiebenSat.1 verkauft sein Osteuropa-Geschäft |url=http://www.dwdl.de/nachrichten/44041/prosiebensat1_verkauft_sein_osteuropageschaeft/ |access-date=2024-12-16 |website=DWDL |language=de}}
On 17 January 2014, KKR and Permira sold their remaining shares. The same year, the adjusted group net income grew to €550 million and General Atlantic acquired a minority stake in the broadcaster's digital division.{{Cite web |date=2018-02-22 |title=Pro Sieben Sat 1: Umsatz und Gewinn steigen, General Atlantic kommt an Bord |url=https://www.horizont.net/medien/nachrichten/Pro-Sieben-Sat-1-Umsatz-und-Gewinn-steigen-General-Atlantic-kommt-an-Bord-165052 |access-date=2024-12-17 |website=Horizont |language=de}}
In a press release on 15 October 2014, ProSiebenSat.1 announced its plan to convert to ProSiebenSat.1 Media SE in the summer of 2015.{{Cite web |last= |date=2015-07-08 |title=ProSiebenSat.1: Umwandlung der Rechtsform abgeschlossen |url=https://www.digitalfernsehen.de/ProSiebenSat-1-Umwandlung-der-Rechtsform-abgeschlossen.129891.0.html |access-date=2024-12-17 |website=Digitalfernsehen |language=de-DE}} On 21 March 2016, the company moved from the MDAX to the DAX.{{Cite web |last= |first= |date=2016-03-03 |title=ProSiebenSat.1 kommt in den Dax |url=https://www.n-tv.de/wirtschaft/ProSiebenSat-1-kommt-in-den-Dax-article17139011.html |access-date=2024-12-17 |website=n-tv |language=de}}
To further expand its business sectors, ProSiebenSat.1 Media SE conducted a capital increase in November 2016 by issuing 14.2 million new shares at €36.25 each. The resulting proceeds of €515 million increased the share capital by 6.5 percent. This led to a subsequent share price drop of nearly six percent on the Frankfurt Stock Exchange.{{Cite web |last=Kessler |first=Nikolas |date=2016-11-04 |title=ProSiebenSat.1 besorgt sich frisches Kapital für Zukäufe – Aktie unter Druck |url=https://www.deraktionaer.de/artikel/aktien/prosiebensat1-besorgt-sich-frisches-kapital-fuer-zukaeufe-aktie-unter-druck-285160.html |access-date=2024-12-17 |website=Der Aktionär |language=de-de}}
On 19 March 2018 the company was removed from the DAX stock market index, and listed in the MDAX.{{cite news |date=2018-03-06 |title=Covestro kommt statt ProSiebenSat.1 Media in den DAX |url=http://www.finanznachrichten.de/nachrichten-2018-03/43183226-covestro-kommt-statt-prosiebensat-1-media-in-den-dax-245.htm |access-date=2018-03-06 |work=Finanznachrichten |publisher=}}
On 1 June 2018, Max Conze succeeded Thomas Ebeling as CEO of ProSiebenSat.1 Media SE.{{Cite web |last=Niemeier |first=Timo |date=2018-02-21 |title=Externe Lösung: Max Conze wird neuer CEO bei P7S1 |url=https://www.dwdl.de/nachrichten/65689/externe_lsung_max_conze_wird_neuer_ceo_bei_p7s1/ |access-date=2024-12-17 |website=DWDL |language=en}} Due to the departure of several senior ProSiebenSat.1 managers and negative criticism from Deputy CEO Conrad Albert about Conze's management style in an interview with Süddeutsche Zeitung, Conze had to leave the company with immediate effect on 26 March 2020.{{Cite web |last=Lückerath |first=Thomas |date=2020-03-26 |title=Mit sofortiger Wirkung: Max Conze ist raus bei ProSiebenSat.1 |url=https://www.dwdl.de/nachrichten/76935/mit_sofortiger_wirkung_max_conze_ist_raus_bei_prosiebensat1/ |access-date=2024-12-17 |website=DWDL |language=en}} Albert, in turn, left the company on 30 April 2020.{{Cite web |date=2020-03-13 |title=Nach kritischen Äußerungen: Vizechef Conrad Albert verlässt Pro Sieben |url=https://www.handelsblatt.com/unternehmen/management/tv-konzern-nach-kritischen-aeusserungen-vizechef-conrad-albert-verlaesst-pro-sieben/25641248.html |access-date=2024-12-17 |website=Handelsblatt |language=de}} From 26 March 2020 to October 2022, Rainer Beaujean became the CEO of ProSiebenSat.1 Media SE, though he left the company "in agreement with the Supervisory Board" at his own request. Since 1 November 2022, Bert Habets, the former CEO of RTL Group's Group Management Committee, has been holding the position.{{Cite web |last=Rehne |first=Jasmin |date=2022-10-04 |title=ProSiebenSat.1: CEO Rainer Beaujean geht |url=https://www.finance-magazin.de/cfo/cfo-wechsel/prosiebensat-1-tauscht-ceo-beaujean-aus-132911/ |access-date=2024-12-16 |website=Finance Magazin |language=de-DE}}
= The entrance of Mediaset =
In May 2019, the Italian Mediaset (Mediaset S.p.A.) invested €330 million to take over 9.6 percent of ProSiebenSat.1.{{Cite web |date=2019-05-29 |title=Berlusconi kauft sich bei ProSiebenSat.1 ein |url=https://www.merkur.de/wirtschaft/mediaset-chef-berlusconi-bestaetigt-kauf-von-prosiebensat-1-anteilen-zr-12332023.html |access-date=2024-12-17 |website=Münchner Merkur |language=de}} In November 2019, Mediaset held 15.1 percent of the German broadcaster. The transaction took place through the subsidiary Mediaset España, which acquired a 5.5 percent stake in the capital. On 23 March 2020, Mediaset España purchased a further 4.28 percent of the share capital equal to 4.35 percent of the voting rights, bringing Mediaset's stake to 20.1 percent.{{Cite web |last=Scharninghausen |first=Volker |date=2020-03-24 |title=Mediaset erhöht Anteil an ProSiebenSat.1 |url=https://www.new-business.de/_rubric/detail.php?rubric=MEDIEN&nr=752694 |access-date=2024-12-17 |website=New Business |language=de-DE}}
In March 2022, Mediaset announced that it held more than 25 percent of the company's shares.{{Cite news |date=2022-03-14 |title=ProSiebenSat.1: Berlusconi gehört nun mehr als ein Viertel des Medienkonzerns |url=https://www.spiegel.de/wirtschaft/prosiebensat-1-silvio-berlusconi-gehoert-nun-mehr-als-ein-viertel-des-medienkonzerns-a-5d5708de-2762-49be-8186-71e4492520e6 |access-date=2024-12-17 |work=Der Spiegel |language=de |issn=2195-1349}} In December 2022, MFE informed the Austrian Federal Competition Authority of its intention to acquire "sole control of ProSiebenSat.1 Media SE", requesting a review of the planned acquisition.{{Cite web |last=Lückerath |first=Thomas |date=2022-12-18 |title=Säbelrasseln: Berlusconis MFE vor Übernahme von ProSiebenSat.1? |url=https://www.dwdl.de/nachrichten/91055/saebelrasseln_berlusconis_mfe_vor_uebernahme_von_prosiebensat1/ |access-date=2024-12-17 |website=DWDL |language=en}} The German Journalists Association, the trade union Ver.di, and Bavarian Premier Markus Söder warned against a takeover in December 2022.{{Cite web |date=2022-12-19 |title=Ver.di warnt vor Übernahme der ProSiebenSat1-Gruppe durch Berlusconi |url=https://www.verdi.de/presse/pressemitteilungen/++co++4acd8304-7f88-11ed-b9f8-001a4a160129 |access-date=2024-12-17 |website=Ver.di |language=de}}{{Cite news |last=Huber |first=Joachim |date=2022-12-19 |title=Angst vor Rechtspopulismus und Stellenabbau: Berlusconi ante portas |url=https://www.tagesspiegel.de/kultur/angst-vor-rechtspopulismus-und-stellenabbau-berlusconi-ante-portas-9059482.html |access-date=2024-12-17 |work=Der Tagesspiegel |language=de-DE |issn=1865-2263}}
In February 2023, Renáta Kellnerová, through PPF Group, acquired a 9.01 percent stake in ProSiebenSat.1 Media SE, becoming the media company's second-largest shareholder.{{Cite web |last=Imwinkelried |first=Daniel |date=2023-02-22 |title=Tschechische Milliardärin Kellnerova steigt bei Pro Sieben Sat 1 ein |url=https://www.handelsblatt.com/unternehmen/it-medien/medienkonzern-tschechische-milliardaerin-kellnerova-steigt-bei-pro-sieben-sat-1-ein/28995222.html |access-date=2024-12-17 |website=Handelsblatt |language=de}}
Corporate affairs
The key indicators of ProSiebenSat.1 are (as of 31 December of each year):{{Cite web |title=ProSiebenSat.1 Fundamentalanalyse |url=https://www.boerse.de/fundamental-analyse/ProSiebenSat1-Aktie/DE000PSM7770 |access-date=2024-03-07 |website=Boerse |language=de}}{{Cite web |title=ProSiebenSat.1 Media SE – Geschäftsbericht |url=https://www.prosiebensat1.com/investor-relations/publikationen/geschaeftsbericht |access-date=2024-03-07 |website=ProSiebenSat.1 Media SE}}
class="wikitable" style="text-align:center;"
!Year !Revenue (€m) !Net Profit (€m) !Number of employees (FTE) |
2017
|4,078 |471 |6,452 |
2018
|4,009 |248 |6,532 |
2019
|4,135 |413 |7,265 |
2020
|4,047 |267 |7,128 |
2021
|4,494 |449 |7,956 |
2022
|4,163 |5 |7,501 |
2023
|3,852 |–124 |7,188 |
Shareholders
{{familytree/start |style=margin:1em;}}
{{familytree |MS|-|.| | | | |MS=Mediaset
26.58% Common share}}
{{familytree |CM|-|(| | | | |CM=PPF Group
11.60% Common share}}
{{familytree |EB|-|+|-|P7S1 |EB=Treasury shares
2.70% Common share | P7S1=20px ProSiebenSat.1 Media SE}}
{{familytree | SB |-|'| | | | |SB=Public float
59.12% Common share}}
Shareholder structure as of 2024:
{{familytree/end}}
Divisions
= Entertainment =
== Seven.One Entertainment Group ==
Since 1 October 2020, the Entertainment division has been operating as Seven.One Entertainment Group.{{Cite web |last=Lückerath |first=Thomas |date=2020-10-01 |title=Klingelschild ist fertig: Seven.One Entertainment startet offiziell |url=https://www.dwdl.de/nachrichten/79623/klingelschild_ist_fertig_sevenone_entertainment_startet_offiziell/ |access-date=2024-12-17 |website=DWDL |language=en}}{{Cite web |last=Lückerath |first=Thomas |date=2020-10-01 |title=Mehr Entertainment, weniger Gedöns: P7S1 setzt aufs Kerngeschäft |url=https://www.dwdl.de/nachrichten/79621/mehr_entertainment_weniger_gedoens_p7s1_setzt_aufs_kerngeschaeft/ |access-date=2024-12-17 |website=DWDL |language=de}}
Seven.One Entertainment Group also includes Fem Media GmbH. In June 2008, ProSiebenSat.1 acquired Feeem Media GmbH, which was renamed Fem Media GmbH on 1 September 2008, and operates the women's portal fem.com. In 2010, the Fem network was rebranded as Sixx, while the fem.com website was retained. As part of this, Fem Media GmbH took over the operation of the channel's homepage, sixx.de.{{Cite web |last=Mantel |first=Uwe |date=2010-09-02 |title=ProSiebenSat.1: Online-Netzwerk Fem wird zu Sixx |url=https://www.dwdl.de/nachrichten/27696/prosiebensat1_onlinenetzwerk_fem_wird_zu_sixx/ |access-date=2024-12-17 |website=DWDL |language=en}}
== German-language free-to-air and pay-TV channels ==
class="wikitable" |
Germany
! Austria ! Switzerland |
---|
colspan="3" | Free-to-air |
valign="top"
| |
|
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colspan="3" | Pay-TV |
valign="top"
|
| | |
== Seven.One Studios ==
{{Infobox company
| name = Seven.One Studios
| logo = Seven.One Studios 2022.png
| logo_caption = The logo of Seven.One Studios
| former_name = {{Plainlist|
- Red Arrow Entertainment Group (2010–2017)
- Red Arrow Studios (2017–2022)
}}
| type = Subsidiary
| industry = Entertainment
| founded = {{Start date and age|2010|01|19}}
| parent = ProSiebenSat.1 Media
| divisions = Seven.One Studios International
}}
Seven.One Studios (formerly known as Red Arrow Entertainment Group and Red Arrow Studios) is a German film and television production and distribution holding company that is owned by ProSiebenSat1. Media that produces scripted and unscripted film and television content for ProSiebenSat1's channels and other networks internationally.
====History====
In May 2008, ProSiebenSat1.Media announced that they've launched a new reality television production company dedicated to light entertainment based in Munich named RedSeven Entertainment.{{cite web|title=Pro7Sat.1 launches production co.|url=https://variety.com/2008/tv/news/pro7sat-1-launches-production-co-1117985635/|website=Variety|first=Ed|last=Meza|date=May 14, 2008|access-date=September 23, 2024}}
In January 2010, ProSiebenSat.1 Media had announced that it would restructure its television production, distribution and developing business for its international expansion by creating a new television production and distribution holding company for their existing assets to be named named Red Arrow Entertainment Group with the newly created company becoming an international acquisition vehicle which would launch and acquire TV production companies in other countries. ProSiebenSat1.Media's international television distribution sales division SevenOne International was moved into the new holding company along with ProSiebenSat.1 Media's existing television production companies.{{cite web|title=ProSiebenSat.1 launches Red Arrow|url=https://variety.com/2010/biz/markets-festivals/prosiebensat-1-launches-red-arrow-1118014002/|website=Variety|first=Ed|last=Meza|date=January 10, 2010|access-date=September 20, 2024}}{{cite web|title=ProSieben sets up umbrella co. Red Arrow|url=https://www.hollywoodreporter.com/business/business-news/prosieben-sets-umbrella-co-red-19654/|website=The Hollywood Reporter|first=Scott|last=Roxborough|date=January 19, 2010|access-date=September 23, 2024}}{{cite web|title= ProSieben points Red Arrow at expansion|url=https://www.c21media.net/news/prosieben-points-red-arrow-at-expansion/|website=C21Media|first=Adam|last=Benzine|date=January 20, 2010|access-date=September 23, 2024}}
Two months later in March 2010, Red Arrow Entertainment Group had announced that they've acquired a 51% majority stake in leading Belgian television production company Sultan Sushi marking their first international acquisition and their first expansion into Belgium with the company's co-founders and CEOs Johan Tuyaerts, Caroline Vergauwen, and Jan Keersmaekers holding the remaining 49% stake in the company and will continue to lead the company under Red Arrow.{{cite web|title= Red Arrow hits Sultan Sushi|url=https://www.c21media.net/news/red-arrow-hits-sultan-sushi/|website=C21Media|date=March 22, 2010|access-date=September 23, 2024}}
In September 2010, Red Arrow Entertainment Group had announced that they have acquired a 51% majority stake in Los Angeles-based American production company Kinetic Content.{{cite web|title=ProSieben Division Acquires 51% Of Chris Coelen's Production Co. Kinetic Content|url=https://deadline.com/2010/09/prosieben-division-acquires-51-of-chris-coelens-production-co-kinetic-content-64673/|website=Deadline Hollywood|first=Nellie|last=Andreeva|date=September 2, 2010|access-date=September 20, 2024}}{{cite web|title= Red Arrow takes control of Kinetic|url=https://www.c21media.net/news/red-arrow-takes-control-of-kinetic/|website=C21Media|first=Adam|last=Benzine|date=September 2, 2010|access-date=September 20, 2024}}
In March 2011, Red Arrow Entertainment Group announced that they entered the British television industry by acquiring British production house The Mob, marking Red Arrow Entertainment Group's first UK acquisition.{{cite web|title=Red Arrow Buys Brit Production House the Mob Film Co.|url=https://www.hollywoodreporter.com/news/general-news/red-arrow-buys-brit-production-172400/|website=The Hollywood Reporter|first=Scott|last=Roxoborough|date=March 29, 2011|access-date=September 20, 2024}}{{cite web|title=Red Arrow takes The Mob|url=https://variety.com/2011/film/news/red-arrow-takes-the-mob-1118034716/|website=Variety|first=Ed|last=Meza|date=March 30, 2011|access-date=September 20, 2024}}
In September 2011, Red Arrow Entertainment Group had announced that they've acquired a majority stake in American scripted television production company Fuse Entertainment expanding Red Arrow's American operations and their scripted portfolio with Swedish producer Henrik Bastin joining Red Arrow's acquired company Fuse Entertainment as their partner and CEO of Fuse Entertainment along with the company's founder Danish-born Mikkel Bondesen continued operating the company.{{cite web|title=Red Arrow Buys Fuse, Maker of 'The Killing,' 'Burn Notice'|url=https://www.hollywoodreporter.com/news/general-news/red-arrow-buys-fuse-maker-240502/|website=The Hollywood Reporter|first=Scott|last=Roxborough|date=September 27, 2011|access-date=September 23, 2024}}
In March 2012, Red Arrow Entertainment Group announced that they have acquired a majority stake in British unscripted production outfit CPL Productions marking Red Arrow's first move into the British unscripted market.{{cite web|title=Red Arrow continues UK buying spree|url=https://www.c21media.net/news/red-arrow-continues-uk-buying-spree/|website=C21Media|date=March 1, 2012|access-date=September 20, 2024}} Three weeks later on March 19 of that same year, Red Arrow Entertainment Group announced that they have acquired British scripted production company Endor Productions.{{cite web|title=Red Arrow acquires Bevan Jones' Endor|url=https://variety.com/2012/tv/news/red-arrow-acquires-bevan-jones-endor-1118051618/|website=Variety|first=Ed|last=Meza|date=March 19, 2012|access-date=September 20, 2024}}{{cite web|title=Red Arrow Takes Control Of U.K. TV Producer Endor|url=https://www.hollywoodreporter.com/news/general-news/red-arrow-control-uk-endor-tv-301598/|website=The Hollywood Reporter|first=Scott|last=Roxoborough|date=March 19, 2012|access-date=September 20, 2024}}
In May 2012, Red Arrow Entertainment Group announced that they have acquired Israeli scripted and unscripted production company July August Productions.{{cite web|title=Red Arrow Buys Majority Stakes in U.K., Israeli Indie Producers|url=https://www.hollywoodreporter.com/tv/tv-news/red-arrow-stakes-nerd-tv-july-august-productions-322699/|website=The Hollywood Reporter|first=Scott|last=Roxoborough|date=May 10, 2012|access-date=September 20, 2024}}{{cite web|title= Red Arrow buys into Israeli prodco|url=https://www.c21media.net/news/red-arrow-buys-into-israeli-prodco/|website=C21Media|first=Jesse|last=Whittock|date=May 10, 2012|access-date=September 20, 2024}}
In July 2012, Red Arrow Entertainment Group had announced that their worldwide television distribution division SevenOne International had been renamed to Red Arrow International to reflect their parent company
In February 2014, Red Arrow Entertainment Group announced that they have acquired a majority stake in Maryland-based American reality television production company Half Yard Productions to expand their American operations with their founders Abby Greensfelder and Sean Gallagher continuing to run the company as their co-CEOs.{{cite web|title=ProSieben’s Red Arrow Buys Majority Stake in ‘Say Yes to the Dress’ Producer|url=https://variety.com/2014/tv/news/prosiebens-red-arrow-buys-majority-stake-in-say-yes-to-the-dress-producer-1201122116/|website=Variety|first=Cyntha|last=Littleton|date=February 26, 2014|access-date=September 23, 2024}}{{cite web|title=ProSieben’s Red Arrow Acquires Majority Stake in ‘Say Yes to the Dress’ Producer|url=https://www.hollywoodreporter.com/business/business-news/prosiebens-red-arrow-acquires-majority-683983/|website=The Hollywood Reporter|first=Georg|last=Szalai|date=February 27, 2014|access-date=September 23, 2024}}
The group includes Studio71, which was started in Berlin in September 2013 as a German-language multi-channel network by Sebastian Weil and Ronald Horstman and later acquired an American competitor, Collective Digital Studio.{{cite web|title=Collective Digital Studio Changes Name to Studio71|url=https://variety.com/2016/digital/news/collective-digital-studio-cds-studio71-1201690056/|website=Variety|first=Todd|last=Spangler|date=January 27, 2016|access-date=September 21, 2024}}
In January 2017, Red Arrow Entertainment Group's digital multi-channel and production subsidiary Studio71 announced that they had sold its 30% stake to the French TF1 and Italian Mediaset networks and announced that Studio71 was expanding its business by setting up local operations in the two countries by launching a French division in France and an Italian division in Italy.{{cite news|url=http://www.tubefilter.com/2017/01/12/studio71-tf1-group-france-mediaset-italy/|title=Digital Network Studio71 To Expand To France, Italy Through €53 Million Funding Round|last=Gutelle|first=Sam|date=12 January 2017|work=Tubefilter|access-date=22 December 2017}}{{cite web|title=TF1, Mediaset Take Stakes In ProSieben’s Studio71 With 53M Euro Investment|url=https://deadline.com/2017/01/tf1-mediaset-investment-53-million-euros-studio71-1201883942/|website=Deadline Hollywood|first=Nancy|last=Tartaglione|date=January 12, 2017|access-date=September 20, 2024}}
In November 2017, Red Arrow Entertainment Group announced that they had purchased a majority interest in Cleveland-based American independent film distributor of independent films and documentaries Gravitas Ventures with the distribution company Gravitas Ventures maintaining their management and staff and continues to operate independently and will cooperate with Red Arrow Entertainment Group's own international distribution operation.{{cite web|title=Red Arrow takes over majority in Gravitas Ventures|url=https://www.broadbandtvnews.com/2017/11/08/red-arrow-takes-over-majority-in-gravitas/|website=Broadband TV News|first=Jörn|last=Krieger|date=November 8, 2017|access-date=September 21, 2024}}{{cite web|title= Red Arrow buys Gravitas|url=https://www.c21media.net/news/red-arrow-buys-gravitas/|website=C21Media|first=Clive|last=Whittingham|date=November 8, 2017|access-date=September 21, 2024}}{{Cite web|last=Clarke|first=Stewart|date=2017-11-08|title=Germany's Red Arrow Buys Gravitas Ventures, Moves Into Film|url=https://variety.com/2017/tv/global/red-arrow-buys-gravitas-1202609972/|access-date=2021-10-24|website=Variety|language=en-US}}{{cite web|title=Gravitas Ventures Sells Majority Stake To ProSieben’s Red Arrow International|url=https://deadline.com/2017/11/gravitas-ventures-sells-red-arrow-international-deal-1202203840/|website=Deadline Hollywood|first=Anthony|last=D'Alessandro|first2=Patrick|last2=Hipes|date=November 8, 2017|access-date=September 21, 2024}}
In December 2017, Studio71 and over 15 other companies were merged to create Red Arrow Studios.{{cite web|last1=Weiss|first1=Geoff|title=ProSiebenSat.1 Merges Studio71 With Its 'Red Arrow' Global Production Group|url=http://www.tubefilter.com/2017/12/08/prosiebensat-1-merges-studio71-with-red-arrow/|website=Tubefilter|date=8 December 2017 |access-date=10 January 2018}}
In July 2022, Red Arrow Studios had announced that they have exited the American television industry by selling their US division to Peter Chernin's new global independent production company The North Road Company.{{cite web|title=Peter Chernin Forms Global Content Studio North Road, Pays $200M For Red Arrow Studios’ U.S. Assets & Plots More Major Acquisitions With Multimillion-Dollar Funds|url=https://deadline.com/2022/07/peter-chernin-north-road-red-arrow-studios-1235058087/|website=Deadline Hollywood|first=Peter|last=White|date=July 6, 2022|access-date=September 21, 2024}}{{cite web|title=Peter Chernin Launching $1B+ Content Studio Rollup The North Road Company|url=https://www.hollywoodreporter.com/business/business-news/peter-chernin-north-road-company-1235175542/|website=The Hollywood Reporter|first=Alex|last=Weprin|date=July 6, 2022|access-date=September 21, 2024}}{{cite web|title=Peter Chernin Pacts With Providence Equity and Apollo to Launch North Road Co.|url=https://variety.com/2022/tv/news/peter-chernin-north-road-providence-apollo-red-arrow-1235309813/|website=Variety|first=Cynthia|last=Littleton|date=July 6, 2022|access-date=September 21, 2024}}
In November 2022, four months after selling their American television production outfit to Peter Chernin's The North Road Company and the creation of two German production companies, Red Arrow Studios announced it was restructuring its international production and distribution operations and rebranding as Seven.One Studios; the international distribution division, Red Arrow Studios International, continued using the Red Arrow Studios name and its operations, following the sale of subsidiary Red Arrow Studios' U.S. production arm to the Peter Chernin-owned The North Road Company in July of that year and the creation of two German production companies, Cheerio Entertainment and Flat White Productions.{{cite web|title=ProSiebenSat.1 Creates Seven.One Studios In International Restructure|url=https://deadline.com/2022/11/prosiebensat-1-creates-seven-one-studios-in-international-restructure-1235167494/|website=Deadline Hollywood|first=Jesse|last=Whittock|date=November 9, 2022|access-date=September 21, 2024|language=en-US}}{{cite web|title=Germany’s ProSieben Unites Production in Germany, U.K., Denmark and Israel & Distribution Arm Under New Banner Seven.One Studios|url=https://variety.com/2022/tv/global/prosieben-seven-one-studios-red-arrow-1235427718/|website=Variety|date=November 9, 2022|access-date=September 21, 2024}}
In June 2024, Seven.One Studios had announced that they've shutting down their London-based British scripted drama television production company Endor Productions.{{cite web|title= Seven.One to close Vienna Blood prodco Endor due to ‘challenging’ market|url=https://www.c21media.net/news/seven-one-to-close-vienna-blood-prodco-endor-due-to-challenging-market/|website=C21Media|first=Neal|last=Batey|date=June 5, 2024|access-date=September 23, 2024}}
== Assets ==
Divisions and partial subsidiaries include:
- Cheerio Entertainment (Germany)
- Just Friends Productions (Germany)
- July August Productions (Israel){{cite web|url=https://www.hollywoodreporter.com/news/red-arrow-stakes-nerd-tv-july-august-productions-322699|title=Red Arrow Acquires Majority Stakes in British & Israeli Indie Producers|website=The Hollywood Reporter|author=Scott Roxborough|date=10 May 2012|access-date=23 May 2020}}
- CPL Productions (United Kingdom){{cite web|url=https://www.hollywoodreporter.com/news/red-arrow-entertainment-group-buys-cpl-296232|title=Red Arrow Entertainment Group Buys CPL Productions|website=The Hollywood Reporter|author=Scott Roxborough|date=1 March 2012|access-date=23 May 2020}}
- Nit Television (joint venture with Harry Hill){{Cite web |title=About |url=https://www.nittelevision.com/about/ |access-date=2024-12-16 |website=Nittelevision}}
- Snowman Productions (Denmark){{Cite web |title=Snowman Productions – Seven.One Studios |url=https://sevenonestudios.com/company/snowman-productions/ |access-date=2024-12-16 |website=SevenOneStudios}}
- Endor Productions (United Kingdom){{Cite web |title=Endor Productions – Seven.One Studios |url=https://sevenonestudios.com/company/endor-productions/ |access-date=2024-12-16 |website=SevenOneStudios}}
- Pyjama Pictures (Germany){{Cite web |title=Pyjama Pictures – Seven.One Studios |url=https://sevenonestudios.com/company/pyjama-pictures/ |access-date=2024-12-16 |website=SevenOneStudios}}
- Redseven Entertainment (Germany)
- Redseven Brand & Digital Studio{{Cite web |title=RedSeven Brand & Digital Studio |url=https://www.redseven-brand-digital.de/ |access-date=2024-12-16 |website=Redseven Brand Digital}}
== Joyn ==
{{See also|Joyn (streaming platform)}}
In May 2017, ProSiebenSat.1 Media SE and Discovery formed a partnership to launch a mobile application called 7TV, which allows access to the broadcasters' media libraries. Additionally, the app served as a streaming platform for all ProSiebenSat.1 Media SE channels.{{Cite web |last=Niemeier |first=Timo |date=2017-05-02 |title=P7S1 und Discovery planen gemeinsame OTT-Plattform |url=https://www.dwdl.de/nachrichten/61295/p7s1_und_discovery_planen_gemeinsame_ottplattform/ |access-date=2024-12-17 |website=DWDL |language=en}} The programme was expanded in March 2018 to include the channels Sport1, Welt, and N24 Doku.{{Cite web |last=Niemeier |first=Timo |date=2018-03-20 |title=Sport1 und Welt künftig auch bei 7TV zu sehen |url=https://www.dwdl.de/nachrichten/66092/sport1_und_welt_knftig_auch_bei_7tv_zu_sehen/ |access-date=2024-12-17 |website=DWDL |language=en}} At the end of the year, a partnership with ZDF followed, integrating the channels ZDF, ZDFneo, and ZDFinfo into the 7TV app as well.{{Cite web |last=Niemeier |first=Timo |date=2018-11-14 |title=Kooperation: ZDF-Sender demnächst auch bei 7TV |url=https://www.dwdl.de/nachrichten/69725/kooperation_zdfsender_demnaechst_auch_bei_7tv/ |access-date=2024-12-17 |website=DWDL |language=en}}
In June 2018, ProSiebenSat.1 Media SE and Discovery announced plans to create a streaming platform that would integrate the content from 7TV, Maxdome, and the Eurosport Player into one application.{{Cite web |last=Lückerath |first=Thomas |date=2018-05-25 |title=Neuer SVoD-Dienst statt 7TV, Maxdome und Eurosport Player |url=https://www.dwdl.de/nachrichten/67543/neuer_svoddienst_statt_7tv_maxdome_und_eurosport_player/ |access-date=2024-12-17 |website=DWDL |language=en}} After Maxdome relocated its headquarters from Unterföhring to TV7 in Munich,{{Cite web |last=Krei |first=Alexander |date=2018-07-13 |title=ProSiebenSat.1 und Discovery finden Streaming-Standort |url=https://www.dwdl.de/magazin/67815/prosiebensat1_und_discovery_finden_streamingstandort/ |access-date=2024-12-17 |website=DWDL |language=en}} it merged with the newly established 7TV Joint Venture GmbH on 15 January 2019.{{Cite web |title=Verschmelzung: 7TV Joint Venture GmbH |url=https://www.northdata.de/?id=5095840317 |access-date=2024-12-17 |website=North Data |language=de}}
In June 2019, the platform Joyn was launched, succeeding 7TV.{{Cite web |last=Lückerath |first=Thomas |date=2019-05-08 |title=Joyn: VoD-Angebot von P7S1 und Discovery kommt im Juni |url=https://www.dwdl.de/nachrichten/72211/joyn_vodangebot_von_p7s1_und_discovery_kommt_im_juni/ |access-date=2024-12-17 |website=DWDL |language=en}}{{Cite web |last=Emonts |first=Benjamin |date=2019-05-28 |title=Neuer Streaming-Dienst Joyn: Tanz um den Zuschauer |url=https://www.sueddeutsche.de/medien/joyn-streaming-1.4466504 |access-date=2024-12-17 |website=Süddeutsche Zeitung |language=de}} In November 2019, the companies introduced the Joyn Plus+ service, which integrated content from the Maxdome platform. However, Maxdome continued to exist until 2020.{{Cite web |last=Mantel |first=Uwe |date=2019-11-26 |title=Joyn präsentiert sein Bezahl-Angebot "Joyn Plus+" |url=https://www.dwdl.de/nachrichten/75119/joyn_praesentiert_sein_bezahlangebot_joyn_plus/ |access-date=2024-12-17 |website=DWDL |language=en}} By 2023, Joyn had over 6.3 million users.{{Cite web |last=Niemeier |first=Timo |date=2024-03-07 |title=P7S1 drückt Schuldenquote und bestätigt guten Start ins Jahr |url=https://www.dwdl.de/nachrichten/97117/p7s1_drueckt_schuldenquote_und_bestaetigt_guten_start_ins_jahr/ |access-date=2024-12-17 |website=DWDL |language=en}} Additionally, by May 2021, the platform had already integrated more than 60 channels.{{Cite news |last=Peitsmeier |first=Henning |date=2021-05-25 |title=Die Politiker wollen zu uns ins Fernsehen |work=Frankfurter Allgemeine Zeitung |language=de}}
In 2022, ProSiebenSat.1 Media SE announced that its digital and app offerings would be consolidated on Joyn, including separate apps such as the ProSieben app.{{Cite news |last=Wendt |first=Georg |date=2022-01-20 |title=ProSiebenSat.1 bündelt Angebote |work=Kieler Nachrichten |language=de}} In September 2022, ProSiebenSat.1 Media SE took over the Joyn platform, buying out Discovery.{{Cite news |last=Busse |first=Caspar |date=2022-10-05 |title=Beziehungsprobleme in Unterföhring |work=Süddeutsche Zeitung |language=de}}{{Cite web |last=Franks |first=Nico |date=2024-05-01 |title=ProSiebenSat.1 shareholders reject MediaForEurope plans to split company |url=https://www.c21media.net/news/prosiebensat-1-shareholders-reject-mediaforeurope-plans-to-split-company/ |access-date=2024-12-17 |website=C21media |language=en-us}}{{Cite web |last=Ramachandran |first=Naman |date=2023-10-19 |title=German Streamer Joyn Gets New Chief as Media Giant ProSiebenSat.1 Rings in Management Changes |url=https://variety.com/2023/tv/global/joyn-prosiebensat-1-management-changes-1235761789/ |access-date=2024-12-17 |website=Variety |language=en-US}} Joyn went online in Austria in May 2023, replacing the streaming service Zappn.{{Cite news |last=Sommer |first=Fabian |date=2023-05-06 |title=Joyn startet in Österreich |work=Segeberger Zeitung |language=de}} In June 2024, Joyn also launched in Switzerland.{{Cite web |last=Krei |first=Alexander |date=2024-06-12 |title=Joyn in der Schweiz mit RTL-Sendern gestartet |url=https://www.dwdl.de/nachrichten/98364/joyn_in_der_schweiz_mit_rtlsendern_gestartet/ |access-date=2024-12-17 |website=DWDL |language=en}}{{Cite web |last=Krieger |first=Jörn |date=2024-04-18 |title=ProSiebenSat.1 to launch Joyn in Switzerland |url=https://www.broadbandtvnews.com/2024/04/18/prosiebensat-1-to-launch-joyn-in-switzerland/ |access-date=2024-12-17 |website=Broadband TV News |language=en-GB}}
== Seven.One Audio ==
Seven.One Audio was founded in December 2020 and consolidates all the group's audio activities.{{Cite web |last=Kodura |first=Marcel |date=2021-07-06 |title=Seven.One Audio stellt FYEO-App ein |url=https://www.new-business.de/_rubric/detail.php?rubric=MEDIEN&nr=772612 |access-date=2024-12-17 |website=New Business |language=de-DE}} In particular, Seven.One Audio markets 35 different podcasts in Germany. These include podcasts by Paul Ripke, Joko Winterscheidt and Klaas Heufer-Umlauf.{{Cite web |last=Herrmann |first=Lena |date=2023-05-15 |title="Sunset Club": Joko Winterscheidt ist zurück am Podcast-Mikrofon |url=https://www.wuv.de/Themen/Media/Sunset-Club-Joko-Winterscheidt-ist-zurueck-am-Podcast-Mikrofon |access-date=2024-12-17 |website=W&V |language=de}}{{Cite news |last=Sagatz |first=Kurt |date=2021-10-07 |title=Wer hört was? |work=Potsdamer Neueste Nachrichten |language=de}}
= eCommerce =
The company formed NuCom in 2018, and soon after sold a 24.9 percent stake to General Atlantic, a private equity firm. On 14 April 2011, ProSiebenSat.1 Media SE announced the foundation of SevenVentures.{{Cite news |date=2011-04-14 |title=ProSiebenSat.1 gründet Tochterfirma Seven Ventures |url=http://www.prosiebensat1.de/de/presse/pressemeldungen/presse-lounge/merchandisingmedia/2011/4/prosiebensat1-gruendet-tochterfirma-seven-ventures-29388 |url-status=dead |archive-url=https://web.archive.org/web/20110926220035/http://www.prosiebensat1.de/de/presse/pressemeldungen/presse-lounge/merchandisingmedia/2011/4/prosiebensat1-gruendet-tochterfirma-seven-ventures-29388 |archive-date=2011-09-26 |access-date=2024-12-17 |work=ProSiebenSat.1 Media SE |language=de}} SevenVentures acquired minority stakes in the online shops About You and Zalando, among other digital companies.{{Cite web |last=Hofmann |first=Alex |date=2012-11-26 |title=SevenVentures beteiligt sich an MyParfuem |url=https://www.businessinsider.de/gruenderszene/news/sevenventures-myparfuem/ |access-date=2024-12-17 |website=Business Insider |language=de-DE}}{{Cite news |last=Hoffmann |first=Jürgen |date=2013-11-13 |title=Auffallen – aber nicht um jeden Preis |work=Frankfurter Allgemeine Zeitung |language=de}} In January 2014, the company acquired a 23 percent stake in the online retailer Amorelie.{{Cite news |date=2015-03-23 |title=ProSiebenSat.1 kauft Mehrheit von Online-Sexshop Amorelie |work=Berliner Morgenpost |language=de}} The following year, the NuCom Group became the majority shareholder of Amorelie and sold all its shares in 2021.{{Cite news |date=2021-10-02 |title=ProSiebenSat.1 trennt sich von Erotikshop Amorelie |work=Börsen-Zeitung |language=de}} Additionally, in May 2014, SevenVentures increased its stake in the online perfumery Flaconi to 47 percent, raised it to 100 percent a year later, and transferred its shares to the NuCom Group.{{Cite web |last=Behrens |first=Sonja |date=2015-03-24 |title=Rechtsabteilung verpackt Flaconi und Amorelie in 7Commerce |url=https://www.juve.de/deals/prosiebensat-1-rechtsabteilung-verpackt-flaconi-und-amerolie-in-7commerce/ |access-date=2024-12-17 |website=Juve |language=de-DE}}{{Cite news |last=Hölzle |first=Sebastian |date=2018-02-23 |title=ProSieben holt US Investor an Bord |work=Münchner Merkur}}
= Dating & Video =
In October 2018, NuCom bought eHarmony, an American dating website; it already held 94 percent of the similar German platform Parship.{{Cite web |date=2018-10-29 |title=Germany's ProSieben buys U.S. online dating site eharmony |url=https://ca.finance.yahoo.com/news/germanys-prosieben-buys-u-online-dating-eharmony-085315512--sector.html |access-date=2024-12-17 |website=Yahoo Finance |language=en-CA}}
In September 2020, ProSiebenSat.1 Media SE acquired the company The Meet Group. Previously, the dating platforms Parship and Elite Partner were part of the NuCom Group's business, but with the acquisition of The Meet Group, a merger of the platforms took place, resulting in the formation of the ParshipMeet Group.{{Cite news |date=2020-09-04 |title=ProSiebenSat.1 baut Geschäft mit Dating-Plattformen aus |work=Die Welt |language=de}} Besides Parship and Elite Partner, Lovoo and Tagged are also subsidiaries of the ParshipMeet Group.{{Cite web |last= |date=2020-09-08 |title=ProSieben: Parship schließt Kauf des Lovoo Dating-Plattform Betreibers The Meet Group ab – IPO der neuen ParshipMeet Group möglich |url=https://www.it-times.de/news/prosieben-parship-schliesst-kauf-des-lovoo-dating-plattform-betreibers-the-meet-group-ab-ipo-der-neuen-parshipmeet-group-moeglich-136462/ |access-date=2024-12-17 |website=IT-Times |language=de}}
General Atlantic holds a 45 percent stake in the company, while ProSiebenSat.1 Media SE holds 55 percent.{{Cite news |date=2023-09-23 |title=Börsenplan von ProSieben auf Eis |work=Börsen-Zeitung |language=de}}
= Former channels =
sonnenklar.TV was sold to BigXtra in September 2005. The pan-Nordic C More Entertainment pay-TV operation (15 linear TV channels) was sold to TV4 in January 2009. 9Live was a commercial German participation TV channel launched on 1 September 2001 and lasted until 9 August 2011.{{Cite web |last=Meza |first=Ed |date=2011-05-05 |title=ProSiebenSat.1 ends call-in TV web |url=https://variety.com/2011/biz/news/prosiebensat-1-ends-call-in-tv-web-1118036437/ |access-date=2024-12-17 |website=Variety |language=en-US}} Sat.1 Comedy was replaced by Sat.1 Emotions in 2012.{{Cite web |last= |date=2012-05-03 |title=ProSieben Fun und Sat.1 Emotions: Startschuss heute um 20.15 Uhr |url=https://www.digitalfernsehen.de/ProSieben-Fun-und-Sat-1-Emotions-Startschuss-heute-um-20-15-Uhr.85705.0.html |access-date=2024-12-17 |website=Digitalfernsehen |language=de-DE}} The subsidiary Booming was sold to the Danish company Blackwood Seven in May 2015.{{Cite web |last=Scharrer |first=Jürgen |date=2015-05-28 |title=Blackwood Seven: Wie eine dänische Mediaagentur den deutschen Markt aufrollen will |url=https://www.horizont.net/agenturen/nachrichten/Blackwood-Seven-Wie-eine-daenische-Mediaagentur-den-deutschen-Markt-aufrollen-will-134544 |access-date=2024-12-17 |website=Horizont |language=de}}
References
{{reflist|refs=
{{Cite news |last=Zimny |first=Armin |date=2003-08-13 |title=Saban macht die Übernahme perfekt |work=Börsen-Zeitung |language=de}}
{{Cite news |date=2003-09-30 |title=Saban legt freien Aktionären von ProSieben ein Angebot vor |work=Börsen-Zeitung |language=de}}
{{Cite news |date=2007-06-28 |title=Neuer TV-Riese greift RTL an / Pro Sieben Sat.1 übernimmt Senderkette SBS – Nummer zwei in Europa |work=Mitteldeutsche Zeitung |language=de}}
{{Cite news |date=2018-10-29 |title=Germany's ProSieben buys U.S. online dating site eharmony |url=https://www.reuters.com/article/us-eharmony-m-a-prosieben-media/germanys-prosieben-buys-us-online-dating-site-eharmony-idUSKCN1N30Y6 |access-date=2021-09-21 |work=Reuters Business News}}
}}
External links
- {{Official website|http://en.prosiebensat1.com/}}
{{Kohlberg Kravis Roberts}}
{{ProSiebenSat.1 Media}}
{{Authority control}}
Category:German-language television networks
Category:Television in Denmark
Category:Television networks in Germany
Category:Mass media companies of Germany
Category:Companies based in Bavaria
Category:Pan-European media companies
Category:Private equity portfolio companies
Category:Kohlberg Kravis Roberts companies
Category:2000 establishments in Germany