The € 1111 million-year

10 March 2011
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RESULTS 2
The € 1,111 million-year
Revenue, EBITA, net profit – all indicators up for RTL Group
Germany
Belgium
Alarm für Cobra11 celebrates
15th anniversary
RTL à l’infini offers US series
right after US broadcast
France
Greece
RTL Radio to cover the
presidential campaign
Alpha scores best monthly
audience shares ever
Gerhard Zeiler, CEO of RTL Group
week
the RTL Group intranet
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10 March 2011
week
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FULL-YEAR10
RESULTS 20
Gerhard Zeiler, CEO of RTL Group
Cover:
Gerhard Zeiler, CEO of RTL Group
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the RTL Group intranet
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RTL Group delivers best
full-year result ever
Gerhard Zeiler
After cost cuts and a good result in 2009,
what was the state of RTL Group in 2010?
With TV advertising markets in Western
Europe growing between 9 and 12 per cent,
consolidated revenue increased by 8.4 per cent
to EUR 5.6 billion in 2010.
Most of our profit centres significantly
improved their operating results, with particularly strong performances from Mediengruppe
RTL Deutschland, Groupe M6, RTL Nederland
and RTL Belgium. This resulted in new levels of
profitability: Group EBITA increased by
39.6 per cent to EUR 1,111 million – this was
EUR 195 million better than the best result so
far and exceeded EUR 1 billion for the first time.
The EBITA margin improved to 19.9 per cent,
also the highest ever. The EBITA margins
of the four big broadcasting operations −
Mediengruppe RTL Deutschland, Groupe M6,
RTL Nederland and RTL Belgium – improved
significantly.
Where do these results come from?
Our results reflect a stronger than expected
rebound in the Western European TV
advertising markets, the enduring impact
of our significant cost savings in 2009 and
the leading market positions of our families of
channels in our key territories. In other words:
we’ve capitalised on the economic recovery
because our TV channels emerged stronger
from the crisis than before.
On 10 March 2011, RTL Group published its
full-year results for the fiscal year 2010.
Backstage asked RTL Group CEO Gerhard Zeiler
about RTL Group’s performance.
Luxembourg - 10 March 2011
In Germany, France and the Netherlands our
families of channels outperformed their respective TV advertising markets. In Germany,
the EBITA of Mediengruppe RTL Deutschland
soared 50.5 per cent to EUR 551 million. In
France, EBITA of Groupe M6 was up 25.6 per
cent to EUR 245 million. Scoring its highest
audience shares since 1999, RTL Nederland
increased its EBITA by 52.8 per cent to EUR 110
million – surpassing EUR 100 million for the first
time.
You already mentioned the cost savings in
2009. Is this still on the agenda?
Following significant savings in 2009, we
continued to apply strict cost control in 2010.
If you look at our figures, you can see that the
Group’s operating costs were only up slighty on
a constant scope basis in 2010.
However, we are and we will remain flexible.
Depending on the future economic development
and competitive situation, our channels will be
able to keep costs stable, realise further savings
or maintain their leading audience positions by
stepping up their investment in programming.
This is done in close co-ordination with our local
management teams in the various countries, not
centrally in the headquarters.
Overall, for 2011 you can expect that free-to-air
broadcasters across Europe will invest a little bit
more in programming than in the past, especially
in local content.
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What are RTL Group’s strategic priorities for
this year?
Our strategy remains in place – we have three
investment priorities:
First, to further strengthen our family of channels
– including investments in programming, in new
free-TV and pay-TV channels, in on-demand
platforms, mobile services and diversification
activities.
Second: FremantleMedia plays a key role
for RTL Group and we want to grow the
unit significantly across all markets and
businesses. We have a strong commitment to
further organic growth first and foremost, but our
growth plan also includes acquisitions − as you
can see from our recent investments in Original
Productions, Four One Media, Radical Media
and Ludia.
And third, we will also continue to consider
further geographical expansion. We can and
we will invest in high growth regions and
businesses.
week 10
There is no doubt that we have the cultural
competence to successfully run market-leading
broadcasters in Europe. But when it comes to
regions such as Asia or Latin America, we
always prefer to have a local partner.
Asia is definitely the place we want to be in five
to ten years. India represents the most viable
opportunity for RTL Group due to the sheer size
of the market, its democratic government and
open-door policy to foreign investors.
Finally, what is your outlook for 2011?
Despite the fact that TV profited more strongly
than other media from the economic recovery
in 2010, it is not possible to give reliable full-year guidance for 2011 at this point
in time. As a consequence, RTL Group remains
cautious. At the same time we are very optimistic about the strength of TV, and we are very
optimistic about the strength of our families of
channels – especially given their continued high
audience shares compared to the competition.
This is and will remain the best basis for strong
results in the future.
Does this also mean that RTL Group will start
or buy new channels?
Geographical expansion does not necessarily
mean buying major channels for large amounts
of money. It’s also possible to enter new
markets with smaller thematic pay-TV channels,
especially outside of Europe.
Strong revenue growth, EBITA and profit margin on record levels
Reported Group revenue up 8.4 per cent to EUR 5,591 million as TV advertising markets
across Western Europe grew strongly year-on-year
EBITA up 39.6 per cent to EUR 1,111 million, a new record level, EUR 195 million
better than the best result so far; this performance was particularly driven by
Mediengruppe RTL Deutschland, Groupe M6, RTL Nederland and RTL Belgium
Reported EBITA margin of 19.9 per cent (2009: 15.4 per cent); the EBITA margins of
the four big broadcasting operations − Mediengruppe RTL Deutschland, Groupe M6, RTL
Nederland and RTL Belgium – improved significantly
Net profit attributable to RTL Group shareholders almost tripled to EUR 611 million from
EUR 205 million in 2009
Net cash from operating activities was EUR 1,130 million, resulting in an
operating cash conversion of 110 per cent and a net cash position of EUR 1,456
million at the end of 2010
Proposed dividend for 2010 of EUR 5.00 per share, based on RTL Group’s
improved financial performance and robust treasury position (for 2009: dividend
of EUR 3.50 per share)
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Significantly higher profit contributions from most profit centres
Mediengruppe RTL Deutschland increased its clear audience leadership over main
competitor ProSiebenSat1 to 5.3 percentage points and outperformed a significantly
growing TV advertising market; EBITA up 50.5 per cent to EUR 551 million
Groupe M6 in France showed EBITA growth across all its activities; EBITA up 25.6 per cent
to EUR 245 million
RTL Nederland scored its best ratings since 1999; EBITA up 52.8 per cent
to EUR 110 million, driven by significantly higher advertising sales
RTL Group’s production arm FremantleMedia reported revenue growth of 7.5 per cent,
driven by higher revenue in North America and France plus portfolio and exchange rate
effects; FremantleMedia’s EBITA amounted to EUR 140 million
EBITA of RTL Belgium up 25.0 per cent to EUR 45 million
RTL Radio in France reporting EBITA growth of 60.0 per cent, reaching EUR 24 million
A disciplined approach to portfolio management, Five sold
In July, RTL Group sold its UK broadcaster Five to the Northern & Shell
company owned by British publisher Richard Desmond. The total cash consideration paid
to RTL Group for its 100 per cent shareholding in Five was EUR 118 million
Targeted acquisitions to strengthen FremantleMedia’s business portfolio and international
presence
October: acquisition of a 62.5 per cent share in Radical Media, FremantleMedia’s first
large scale move into the branded entertainment market
October: acquisition of a further 51 per cent stake in Ludia, a leading
developer
and
publisher
of
interactive
casual
games,
increasing
FremantleMedia’s shareholding to 80 per cent
April: takeover of the Netherlands-based independent production company Four One
Media
March: acquisition of the remaining 25 per cent of the production
company Blu, the market leader in Denmark and Sweden, taking
FremantleMedia’s ownership to 100 per cent
In September, the Croatian Electronic Media Council granted RTL Televizija a
concession for a new specialised channel, named RTL 2; the new channel went on air in
January 2011
In September, Grupo Antena 3 launched its third digital channel, Nitro
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RTL Group’s new media activities growing strongly
RTL Group’s online platforms and on-demand offers across Europe collectively generated more than
1.4 billion video views of professionally produced content – up 46 per cent year-on-year
Total online advertising revenue up 41 per cent year-on-year, driven by video advertising
Ongoing extension of RTL Group’s online and mobile video services
August: launch of a new catch-up TV service in Germany (Super RTL Now)
End of September, M6 Web launched ‘Pass Séries VIP’, a unique subscription service in
Europe which gives viewers access to popular US TV series the day after they are broadcast in the
United States
In October, M6 launched its I-Phone and I-Pad app that offers the channel live, as well as catch-up TV
services and behind-the-scenes videos
In October, RTL Nederland launched RTLXL.nl, a new, centralised platform for its video-on-demand
services, including the catch-up TV service, films, series and promotional content
In total, RTL Group companies have launched more than 60 mobile applications registering 10 million
downloads to date
Pay-TV channels in Germany, France and the Netherlands are operating at a profit
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In the passing lane for
the past 15 years
Erdogan Atalay plays Semir Gerkan since March 1996
On 12 March 1996 Bomben bei Kilometer 92,
the pilot for Alarm für Cobra 11 – Die Autobahnpolizei was broadcast, marking the beginning of
a fast-paced success story. Now, 15 years later,
the Cobra 11 heroes have become a fixture on
German television.
Alarm für Cobra 11 is synonymous with action at
the highest level and smashing stunts coupled
with gripping, tricky cases and witty dialogue.
It takes 100 people ten hours on the set to
produce two or three minutes of stunt material;
their preparation involves mathematicians,
physicists and engineers. ince 2005, the stunts
and driving scenes have been shot on a special
section of autobahn, Europe’s largest film set, in
the district of Düren, North Rhine-Westphalia. In
15 years of Alarm für Cobra 11, 3750 cars have
been totalled, some 900 gangsters arrested, and
nearly 4500 kilometres of footage exposed –
enough to stretch from the set to the North Pole.
Episode after episode, the autobahn cops of
Cobra 11 generate good ratings and ensure
plenty of adrenaline for their large fan base.
RTL Television marks the anniversary by
broadcasting the six new episodes of the
18th season.
Germany - 10 March 2011
Alarm für Cobra 11 – die Autobahnpolizei is
produced by Action Concept Film- und Stuntproduktion on behalf of RTL Television. In recent
years, the Action Concept team has won the
Oscar of the stunt industry, the “Taurus World
Stunt Award,” three times for their work on Alarm
für Cobra 11. Germany’s most popular action
series is an audience magnet abroad as well:
Cobra 11 is broadcast in some 140 countries
worldwide, including Mexico, China, Estonia,
Poland, Hungary, Slovenia, Belgium and Italy.
Viewers had better buckle up for the new
episodes as well, which RTL Television will
broadcast at 20:15 beginning 10 March: once
again, Semir and Ben won’t be taking anything
slow. The first episode will guest star Francis
Fulton-Smith (Ihr Auftrag, Pater Castell) and
Anna Angelina-Wolfers (Sturm der Liebe), who
came in 8th in the “100 Sexiest Women In The
World” in 2008. During its last season in Fall
2010, the series was watched by an average
4.95 million people, for an average 22.2 per cent
share of the 14- to 49-year-old viewer market.
Semir (Erdogan Atalay) and Ben (Tom Jäger)
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The Dutch Desperate Housewives
are back
The hit series Gooische Vrouwen, chronicling the lives of four upper-class
Dutch women, has inspired a movie due for national release on 10 March 2010.
Netherlands - 10 March 2011
Cheryl (Linda de Mol), Claire (Tijtske Reidinga), Anouk (Susan Visser) and Roelien (Lies Visschedijk) are the ‘Gooische Vrouwen’
Gooische Vrouwen was a massive hit on Dutch
television from 2005 to 2009. The series created
by Linda de Mol, who plays the main character
Cheryl, had all the ingredients to please viewers:
four friends – Anouk, Claire, Roelien and Cheryl
– have it all. They live in the chic suburb het
Gooi, in sumptuous villas, they drive beautiful
cars and wear designer clothes day in, day out.
Nevertheless, as money isn’t always synonymous with happiness, the lives of these women
had their ups and downs, intrigues and twists
which were pictured in the show with a certain
detachment and hilarity. This formula, which
attracted millions of viewers, has been used
in the cinema adaptation due for release on
10 March 2011. This time the ladies travel to
Paris to take a break from their chaotic personal
lives, which gives rise to another series of funny
and unexpected situations.
Actresses Susan Visser, Lies Visschedijk
and Linda de Mol will be guests on the RTL 4
morning show Koffietijd on the day of the
cinematic release to talk about the movie, the
atmosphere during filming and how to
transform a “normal” woman into a “Gooische
Vrouw.”
Stylist Maik de Boer will also be on the show to
present all the latest ‘Gooische must-haves.’
The screen adaptation of Gooische Vrouwen
was co-produced by Talpa Fiction and
RTL Nederland and opens in Dutch cinemas
on 10 March 2011.
Koffietijd is presented by duo Loretta Trustfull
and Quinty Schrijver and broadcast on RTL 4 at
10:00 weekdays.
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Covering the Presidential campaign
In France, RTL Radio sets up its special operations for the 2012 presidential campaign.
France - 7 March 2011
In just over a year’s time, on 22 April 2012,
the French will go to the polls to elect their
next President of the Republic. The campaign
already promises to be suspenseful and
RTL Radio, in its role as a major independent
news medium, will offer extensive coverage
of this 2012 election race.
Already on 7 March 2011, France’s number one
radio station enhanced its programme schedule
with two new shows. Every day at 6:50,
listeners find Les Carnets d’Alba, a campaign
column hosted by Alba Ventura in which the
Assistant Editor-in-Chief of RTL Radio’s political
department will decipher the political debate as
it increases in strength. Then, at 8:30, the big
names on RTL Radio compare their points of
view: alternately, Jean-Michel Aphatie, Alain
Duhamel, Serge July and Géraldine Muhlmann
will cross swords in a showdown.
The other usual programmes, RTL Radio
already successfully established on the air, will
also be at the heart of the station’s presidential
campaign operations. Thus, every Sunday at
18:30, Le Grand Jury RTL/LCI/Le Figaro, led by
Jean-Michel Aphatie, with Etienne Mougeotte
and Eric Revel, continues to be an influential
programme during the political debate in France.
Alain Duhamel’s Le Fait Politique, every day at
7:45, remains a standard political editorial for
the political class as well as the general public.
Jean-Michel Aphatie’s L’Invité de RTL, every
day at 7:50, is the morning’s not-to-be-missed
political interview. On Le Débat “Aphatie/
Duhamel”, every Thursday, the two editorial
writers meet at 8:30 for a debate into which
listeners can also enter. On L’édito de Serge
July, every evening at 18:25, this great observer
of political and social life offers his well-informed
insight on the day’s most significant events.
Finally, the Face à Face weekend programmes:
two debates, pitting Géraldine Muhlmann against
Franz Olivier Giesbert every Saturday at 8:50,
and Anne Fulda against Rokhaya Diallo every
Sunday, also at 8:50.
Alba Ventura
Jean-Michel Aphatie
Alain Duhamel
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Right after the US
broadcast on Belgian TV
RTL Belgium offers viewers unlimited viewing
of the best in TV series through its new “Séries
pass” service.
The “Séries pass” campaign
From now on, series can wait for viewers to
begin: the “Séries pass” is a new subscription,
at EUR 9.95 per month, offered by RTL à l’infini,
the video-on-demand platform of RTL Belgium’s
channels. The “Séries pass” is now available
to Belgacom TV customers. To subscribe, all
Belgian viewers need to do is turn on RTL-TVI
and press the red button on the remote control.
Grey’s Anatomy
Digital television subscribers can thus watch
new episodes of major TV series, right after their
broadcast on RTL-TVI, including, for example,
Season six of Grey’s Anatomy. Viewers can
also re-watch previous seasons of series like
Flashforward, Dirty Sexy Money and Kyle XY.
Belgium - 8 March 2011
In addition, the “Séries pass” from RTL à l’infini
gives viewers the chance to discover new series
that are also new in VoD, such as The Tudors,
or to re-immerse themselves in hit series like
Seinfeld and Fantasy Island. Finally, as the
cherry on the cake, the “Séries pass” also
includes “US Premières”, which makes it
possible to watch the premiering episodes of
major US series in their original version with
French sub-titles, right after their broadcast in
the US, for example, Season seven of Desperate
Housewives and soon other anxiously awaited
series.
For the launch of the “Séries pass”, the first month
is free for all new 12-month subscriptions. The
“Séries pass” schedule will change every month.
For March, the package consists of Desperate
Housewives as US Première, season six of
Criminal Minds, the first season of Flashforward
and Dirty Sexy Money, season six and seven of
Grey’s Anatomy, season one of Kyle XY and the
first two seasons of Seinfeld. M6 offers French
viewers a similar service called the “Pass Séries
VIP”.
Flashforward
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the RTL Group intranet
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A touching story
Raphaël, “a little warrior”, fights his sickness bravely
By offering airtime to the mother of a sick child,
RTL Radio in France and its generous listeners
made it possible to raise the money needed to
buy a medically equipped vehicle.
France - 9 March 2011
“Eva and Raphaël are doing everything they can
to move ahead, hanging on to the slightest smile
from each other and to the hands that reach out
to them. Raphaëlis there and is fighting for his
life”: on Friday 4 March, RTL Radio passed on
the call from Eva on behalf of her son to finance
a medically equipped vehicle. Raphaël, four
and a half years of age, suffers from three rare
orphan diseases – a case that is unique in the
world – and he has already spent three years of
his life in the hospital. “This little warrior fights,
day after day, with exemplary strength and courage,” says his mother. “He is fed intravenously,
18 hours out of 24.”
His mother, who takes care of him alone and full
time, would like to make life a little nicer for him.
She hopes to take him on a holiday, but to do
so he would need a medically equipped vehicle,
which she does not have the means to acquire,
hence her on-air appeal to good will at France’s
number one radio station. The call was heard
on Friday 4 March by a very large number of
RTL Radio listeners who called in to offer their
help.
Eva and Raphaël
Lucien, a resident of Boulogne-Billancourt who
represents a group of pharmacists, pledged
EUR 25,000, half the total cost of the vehicle.
Since then, the answer phone of Auditeur sont
la parole has been inundated with calls. The
mother called Elizabeth Martichoux and Laurent
Bazin on Monday 7 March at midday to give a
progress report on the donations and to thank
listeners for their generosity. “I had shivers and
tears in my eyes to see that people are touched
by my little boy’s life,” she said. “We want to
live life to the fullest because we always have
a sword of Damocles over our heads and it is
difficult to have projects. But we want to make
the most of it – in fact, we have a compulsive
desire to do so.” In early April Raphaël must once
again undergo a very heavy surgical procedure.
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the RTL Group intranet
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Alpha’s best month ever
With an average audience share of 16 per cent among viewers aged 15 to 44,
Alpha TV recorded its best month ever. Moreover, Alpha’s CEO Christoph Mainusch
announced four new programmes.
Greece - 4 March 2011
At a press conference on 1 March, Alpha’s CEO
Christoph Mainusch gave an overview of the
TV season to date, and shared the channel’s
plans for the rest of the season. Alpha grew
its audience share in 2010, and this positive
trend was reinforced during the first two months
of 2011. In February 2011, Alpha scored an
audience share of 16.4 per cent (all-day) among
viewers aged 15 to 44 – the best monthly
audience shares ever recorded by the channel.
In prime time, the channel surpassed Antenna
to become the country’s number two with an
audience share of 18.7 per cent, 1.6 percentage
points behind Mega and 0.4 percentage points
ahead of Antenna.
Looking back on 2010, Christoph Mainusch
highlighted four key factors for Alpha’s good
development: First, decisive strategic choices
such as the decision to move Alpha News to the
19:00 time slot. Second, new concepts such as
the scripted reality show Family Stories, which
more than doubled Alpha’s performance on
the 18:00 slot in the first two months of 2011
compared to the same period last year. Third,
returning favorites did even better than during
the previous season: for example Chartshow –
Your Countdown improved its average ratings
by 22.7 per cent. Finally, Alpha had successful shows with a consistently strong following
throughout the season: Come Dine With Me
frequently tops the 20:00 slot – well ahead of
the competition’s news programmes – and grew
by an additional 20 per cent during the first two
months of 2011, reaching an average 23.4 of
viewers.
For the rest of the current season, Alpha already
plans to air four new programmes. Anna Vissi:
Oso Echo Foni provides a rare glimpse into the
life of Greek superstar Anna Vissi. In Botrini’s
Project, Ettore Botrini gives a second chance to
twelve deserving young people. They will learn
not only how to cook, but how get a job and a
hope for a better life. Sunshine Girls follows the
Christoph Mainusch
lives of five beautiful Athenian women, introducing viewers not only to their extraordinary
lifestyles, but also their inner hopes, fears and
dreams. Also, Formula 1 returns to Alpha for
another season of speed and high adrenaline
levels.
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the RTL Group intranet
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Spain’s largest film
catalogue
Toy Story 3
Grupo Antena 3 has signed deals with production
companies including Disney, HBO, Sony and
Telemundo that provide the broadcasting group
with a vast catalogue of films and international
series.
Spain - 9 March 2011
On 8 March 2011, Grupo Antena 3 signed an
exclusive agreement with Sony in addition to
deals recently signed with other major international production companies such as The Walt
Disney Company, Aurum Productions, RCN,
Televisa and Telemundo.
These deals will see the Spanish family of
channels – which includes Antena 3, Neox, Nova
and Nitro – acquire the rights to some of the
most-watched and awarded movies and series
available on the market and increase its already
broad catalogue.
The agreement with Sony gives Antena 3
exclusive TV broadcast rights to blockbusters
such as The Tourist, An Education, Angels and
Demons and Hellboy.
The Walt Disney Company deal covers productions such as Toy Story 3, the upcoming
Pirates of the Caribbean and the series Hannah
Montana. Antena 3 will be the only Spanish
channel authorised to to broadcast these
programmes, as well as other future Disney
productions, through the year 2014.
As far as Aurum Productions is concerned, the
deal runs until 2013 and secures Antena 3 the
TV broadcasting rights to the next episode of the
famous Twilight Saga, due for release at the end
of 2011, the eagerly awaited remake of Conan
the Barbarian and the 3D version of The Three
Musketeers.
The Good Wife
Twilight
The agreements with RCN, Televisa and
Telemundo will give the digital channel Nova
access to the three production houses’ broad
catalogue of TV series such as Cuando me
enamoro, El rostro de Analía and Los herederos
del Monte, for the next two years.
Grupo Antena 3 has already signed deals with
HBO, BBC, and Fox among others regarding the
broadcast of hit series such as Modern Family,
Glee, Scrubs and The Good Wife.
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Leading the market in February
RTL Nederland’s channels attracted 31.0 per cent of the total Dutch TV market
in February, once again outperforming both the public-service broadcasters
(30.4 per cent) and the SBS group (22.4 per cent).
Netherlands - 4 March 2011
What’s my format worth?
A question that creative minds in the worldwide format industry may well ask
themselves. Now the format protection organisation has developed a new tool that
helps Frapa members determine the price tag for their formats.
Germany - 4 March 2011
Relying on mono-brand strategy
N-TV’s started to shift to its new mono-brand strategy. The move ensures that the
news channel will have a more clearly defined and above all more consistent branding
in the marketplace.
Germany - 4 March 2011
Ich bin dann mal weg – Rights secured
Producer Nico Hofmann has acquired the screen rights to Hape Kerkeling’s bestselling
Ich bin dann mal weg (See You Later: My Pilgrimage to Santiago) for UFA Cinema.
Germany - 7 March 2011
Infiltrating journalists take big risks to inform the public
M6 received a prize at the Lauriers awards for radio and television for one of its
reports, in North Korea, that aired on the Sunday night investigative magazine show
Enquête exclusive.
France - 7 March 2011
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Framework agreement with Videoplaza
RTL Group New Media has signed a framework agreement with Videoplaza which will
give profit centres preferential contract terms and reduce costs.
Luxembourg - 8 March 2011
‘Open Day’ at Funkhaus Berlin
104.6 RTL and 105’5 Spreeradio hosted an ‘Open Day’ at the Funkhaus broadcasting
centre on Kurfürstendamm in Berlin.
Germany - 8 March 2011
Hola Rafael
Radio Contact’s Good Morning show in Belgium woke up Rafael Nadal, creating a buzz
that went all the way to Spain.
Belgium - 8 March 2011
A virtuous circle in access prime time
The operation to give a new boost to M6 access has succeeded – thanks to its French
fiction series Scènes de ménages, M6 is now number one with housewives under 50
in the 20:00 time slot.
France - 9 March 2011
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the RTL Group intranet
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People
Henri de Fontaines
France - 9 March 2011
Henri de Fontaines
Groupe M6 announces the appointment of Henri
de Fontaines as Deputy Chief Executive Officer
in charge of global strategies and creation at M6
Publicité.
Henri de Fontaines’s main mandate is to
develop media packages with Groupe M6
advertisers, notably in content and licensing. A
graduate of HEC, Henri de Fontaines arrived
in 2003 in strategic development at Groupe
Métropole Télévision. Since 2006, he has held
the position of Secretary General at the Studio
89 production house.
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