mediaset spa-sponsored adr (MDIUY) Key Developments
Mediaset Enters into Agreement with Tiscali for Distribution of Online TV Content
Jul 15 15
Mediaset has reached an agreement with Tiscali for the distribution of online TV content. It covers a selection of the best entertainment programmes, dramas and news from Videomediaset.it. Indexed by the search engine istella, it will be made available on the portals Tiscali.it and Istella.it. Meanwhile, ad sales will be undertaken by Publitalia Group's Mediamond, while Tiscali's Veesible will have overall responsibility for Tiscali.it and Istella.it.
Mediaset Reportedly Not In Talks To Sell Premium To Sky
Jun 10 15
Sky Italia S.r.l. a unit of Sky plc (LSE:SKY) had offered to acquired Mediaset SpA (BIT:MS) pay-TV unit R.T.I. - Reti Televisive Italiane S.p.A. also known as Mediaset Premium had been rebuffed according to reports quoting two sources close to the matter. Mediaset Chief Executive Officer Pier Silvio Berlusconi said "There aren’t any discussions with Murdoch’s local unit Sky Italia regarding a sale of Mediaset’s pay-TV unit Premium."
Mediaset Announces Consolidated Earnings Results for the First Quarter of 2015
May 12 15
Mediaset announced consolidated earnings results for the first quarter of 2015. Consolidated net revenues amounted to €828.8 million, compared with the €820.8 million in the first quarter of 2014. In particular, revenues in Italy came to €608.5 million, compared with €620.9 million in the same period of last year. While in Spain, revenues totalled €220.7 million, compared with €200.4 million in the first quarter of 2014. In both cases the determining factor was the trend on advertising sales. In Spain, where the economic recovery continues, gross TV advertising revenues rose to €216.5 million, compared with €194.6 million in the same period of last year. In Italy, meanwhile, where also 2015 began with a further fall in advertising investments, Mediaset's gross TV advertising revenues amounted to €484.6 million, a fall of 1.6% on the first three months of 2014 of €492.4 million. However, the trend in advertising sales progressively improved over the course of the first three months, with a slight increase in March compared with the same month in 2014. The Group's EBIT amounted to €45.9 million, compared with €29.6 million in the same period of the previous year. In Italy, EBIT amounted to €3.8 million, compared with €7.0 million in the first quarter of 2014. And in Spain, EBIT came to €42.1 million, compared with €22.6 million in the same period of last year. Consolidated net profit came to €0.7 million, up from the loss of €12.5 million in the same period of 2014. There was a reduction in the Group's net debt from €861.3 million at 31 December 2014 to €623.6 million at 31 March 2015. This further improvement was the result of free cash flow in the period of €161.1 million which should be added to the €100 million deriving from the sale of an 11.1% stake in Mediaset Premium to Telefonica, finalised in January. EBITDA was €306.7 million against €322.8 million a year ago. Profit before taxation was €37.6 million against €2.5 million a year ago. Net profit from operations was €26.4 million against loss of €1.9 million a year ago.
Mediaset Signs Multi-Year Agreements with Warner Bros and NBC Universal
May 8 15
Mediaset has signed multi-year agreements with Warner Bros and NBC Universal to broadcast the latest productions of the Hollywood studios on an exclusive basis in Italy. Under the terms of the agreements, Mediaset will be able to offer exclusive broadcasts and VoD streams via its pay-TV channel Mediaset Premium as well as its free to air TV networks. The deal with Warner Bros runs until 2020 and the agreement reached with NBC Universal expires in 2018. Included in the deals are films such as American Sniper, Interstellar and Fast and Furious 7, as well as hit series such as The Big Bang Theory, Orange is the new Black and The Following.
Mediaset Announces Management Changes
Apr 30 15
Mediaset appointed Pier Silvio Berlusconi as chief executive of the company. Pier Silvio Berlusconi will replace Giuliano Adreani. Berlusconi was also confirmed as the group's deputy chairman, a position he has held since 2000. Pier Silvio Berlusconi is also a director of Fininvest.