Fox Kids Europe in black as webs bow

Subs rise 32%, revs up 27% to $141.4 mil

LONDON — Fox Kids Europe, the leading pan-Euro children’s entertainment company, has reached profitability in a year of new channel launches and investment in online services.

In the fiscal year ended May 31, its first since flotation, operating income was $5.1 million and net income $273,000. Revenues rose 27% to £100.4 million ($141.4 million).

Subscriber count, up 32% to 19.9 million, has since grown to 21 million as of Aug. 31. Marked increase in audience share has also been seen for services in Spain, Holland and the U.K. in particular.

Over the past 6 months FKE has extended its coverage to Italy, Turkey, and Scandinavia. Its German pay TV channel will launch in October.

Company has further expanded its program library, acquiring or producing 263 new episodes during the past year, which include U.K. and French rights to “Digimon: Digital Monsters” and its feature spinoff.

FKE’s online & interactive division, which hopes to become the leading Web proposition for children in Europe, was established earlier this year at a cost of $2.2 million.

Chairman and chief exec of FKE Ynon Kreiz said, “The fact that we achieved profitability in this period of investment is a very strong indication of the company’s underlying strength. With the launch of our German channel we will reach critical mass as a fully localized pan-European children’s entertainment company.”

More Biz

  • The Pretty Reckless - Taylor MomsenThe

    Concord Completes Acquisition of Razor & Tie, Denies Label Is Shutting Down

    LONDON — Fox Kids Europe, the leading pan-Euro children’s entertainment company, has reached profitability in a year of new channel launches and investment in online services. In the fiscal year ended May 31, its first since flotation, operating income was $5.1 million and net income $273,000. Revenues rose 27% to £100.4 million ($141.4 million). Subscriber […]

  • Shari Redstone Power of Women

    Shari Redstone Presses CBS To Consider Board Moves (Report)

    LONDON — Fox Kids Europe, the leading pan-Euro children’s entertainment company, has reached profitability in a year of new channel launches and investment in online services. In the fiscal year ended May 31, its first since flotation, operating income was $5.1 million and net income $273,000. Revenues rose 27% to £100.4 million ($141.4 million). Subscriber […]

  • Redbox

    Redbox Claims Disney Suit Is a Bid to Block Digital Competition

    LONDON — Fox Kids Europe, the leading pan-Euro children’s entertainment company, has reached profitability in a year of new channel launches and investment in online services. In the fiscal year ended May 31, its first since flotation, operating income was $5.1 million and net income $273,000. Revenues rose 27% to £100.4 million ($141.4 million). Subscriber […]

  • The Apple Downtown Brooklyn store grand

    Apple to Pay $38 Billion U.S. Tax Bill for Repatriating Overseas Cash, Will Hire 20,000 Workers

    LONDON — Fox Kids Europe, the leading pan-Euro children’s entertainment company, has reached profitability in a year of new channel launches and investment in online services. In the fiscal year ended May 31, its first since flotation, operating income was $5.1 million and net income $273,000. Revenues rose 27% to £100.4 million ($141.4 million). Subscriber […]

  • Sundance 2018 Preview Indie Film World

    Sundance: Changing of the Guard Opens Door for Forward-Thinking Players

    LONDON — Fox Kids Europe, the leading pan-Euro children’s entertainment company, has reached profitability in a year of new channel launches and investment in online services. In the fiscal year ended May 31, its first since flotation, operating income was $5.1 million and net income $273,000. Revenues rose 27% to £100.4 million ($141.4 million). Subscriber […]

  • Tony Vinciquerra NATPE

    Sony Pictures Chief: Studio Needs to Grow or 'We'll Be Somebody's Purchase'

    LONDON — Fox Kids Europe, the leading pan-Euro children’s entertainment company, has reached profitability in a year of new channel launches and investment in online services. In the fiscal year ended May 31, its first since flotation, operating income was $5.1 million and net income $273,000. Revenues rose 27% to £100.4 million ($141.4 million). Subscriber […]

  • Dylan Farrow CBS This Morning

    Dylan Farrow Gives First Interview About Woody Allen Allegations: 'I Am Telling the Truth'

    LONDON — Fox Kids Europe, the leading pan-Euro children’s entertainment company, has reached profitability in a year of new channel launches and investment in online services. In the fiscal year ended May 31, its first since flotation, operating income was $5.1 million and net income $273,000. Revenues rose 27% to £100.4 million ($141.4 million). Subscriber […]

More From Our Brands

Access exclusive content