Dutch tube treats

Endemol posts 36% profit rise for 1st semester

AMSTERDAM — Profits before extraordinary gains and losses shot up by 36.4% in the first half of Dutch-based Endemol Entertainment’s 1999-2000 fiscal year, while revenues climbed a mere 13%.

Net profit (which rose 153% with the one-time gains and losses) and revenue numbers largely were driven by the deconsolidation of German distrib Helkon Media.

Spanish media giant Telefonica is in the process of taking over Endemol.

Profits to $20.8 mil

For the first half-year ended Jan. 31, Endemol posted a profit before extraordinary gains and losses of 48.3 million guilders ($20.8 million), up from $15.3 million in the year-earlier period. Net profit rose to $38.5 million over $15.2 million a year earlier.

The net profit figure was pushed by the sale of 26% of Endemol’s 51% stake in Helkon. Net revenues, booked at $224.9 million, were negatively affected by the Helkon deconsolidation and completion of the sale of Endemol’s last remaining live entertainment assets. Helkon launched onto the Frankfurt stock exchange last October, at which time Endemol reduced its shares to 25%.

TV’s vivid growth

Aside from the Helkon impact, TV production revenues rose by 24.9% overall year-to-year. Revs in Holland were up by 18.6% partly as a result of the successful multimedia project “Big Brother”; in all other territories except for Germany, revenues were up by 53.9%. German operations, which traditionally account for a huge slice of Endemol’s revenues, saw a tepid 5.3% rise in revenues.

Deconsolidation of Helkon also drove numbers down for Endemol’s TV distribution activities. Last year revenues for the first half-year were $16.8 million, with Helkon accounting for some $12.9 million of that. This year, revenues for the same sector were $9 million.

More Biz

  • Bruno Mars Grammys

    Recording Academy Announces Date, Deadlines for 2019 Grammy Awards

    AMSTERDAM — Profits before extraordinary gains and losses shot up by 36.4% in the first half of Dutch-based Endemol Entertainment’s 1999-2000 fiscal year, while revenues climbed a mere 13%. Net profit (which rose 153% with the one-time gains and losses) and revenue numbers largely were driven by the deconsolidation of German distrib Helkon Media. Spanish […]

  • The Matcha Bros

    Ansel Elgort, Diplo, Billie Eilish, and Von Miller Invest in MatchaBar Energy Drink

    AMSTERDAM — Profits before extraordinary gains and losses shot up by 36.4% in the first half of Dutch-based Endemol Entertainment’s 1999-2000 fiscal year, while revenues climbed a mere 13%. Net profit (which rose 153% with the one-time gains and losses) and revenue numbers largely were driven by the deconsolidation of German distrib Helkon Media. Spanish […]

  • Ron Burkle

    Ron Burkle Sues Lantern Capital Over Weinstein Co. Costs

    AMSTERDAM — Profits before extraordinary gains and losses shot up by 36.4% in the first half of Dutch-based Endemol Entertainment’s 1999-2000 fiscal year, while revenues climbed a mere 13%. Net profit (which rose 153% with the one-time gains and losses) and revenue numbers largely were driven by the deconsolidation of German distrib Helkon Media. Spanish […]

  • Netflix Reed Hastings

    Netflix Falls Short of Q2 Subscriber Expectations Worldwide, Stock Dives

    AMSTERDAM — Profits before extraordinary gains and losses shot up by 36.4% in the first half of Dutch-based Endemol Entertainment’s 1999-2000 fiscal year, while revenues climbed a mere 13%. Net profit (which rose 153% with the one-time gains and losses) and revenue numbers largely were driven by the deconsolidation of German distrib Helkon Media. Spanish […]

  • Johnny Depp

    Johnny Depp Settles Feud With Former Managers

    AMSTERDAM — Profits before extraordinary gains and losses shot up by 36.4% in the first half of Dutch-based Endemol Entertainment’s 1999-2000 fiscal year, while revenues climbed a mere 13%. Net profit (which rose 153% with the one-time gains and losses) and revenue numbers largely were driven by the deconsolidation of German distrib Helkon Media. Spanish […]

  • Ed Sheeran Shape of You

    Ed Sheeran Tops Pollstar’s Mid-Year Touring Charts as Industry Soars to Record Gross

    AMSTERDAM — Profits before extraordinary gains and losses shot up by 36.4% in the first half of Dutch-based Endemol Entertainment’s 1999-2000 fiscal year, while revenues climbed a mere 13%. Net profit (which rose 153% with the one-time gains and losses) and revenue numbers largely were driven by the deconsolidation of German distrib Helkon Media. Spanish […]

More From Our Brands

Access exclusive content