Germany’s Constantin Medien Confirms Forecast, Pushes Digital
The television and film group expects sales of up to $623 million for 2013.
BERLIN – German film and TV group Constantin Medien has confirmed its forecasts for the year, saying growth, particularly in its digital operations, will ensure it hits its sales target of between $571 million and $623 million (€440 million and €480 million) in 2013.
Company CEO Bernhard Burgener said the Munich-based group was in the middle of a digital transformation that would impact all aspects of its business. He highlighted the success of Sport1, Constantin’s all-sports channel, which two years ago launched a digital pay TV operation, Sport1+, and now boasts some 1.8 million subscribers.
The division’s mobile operation, Sport1.de, has recorded 2.9 million unique downloads for mobile phones and tablets, while Sport1’s social media sites have a total of 800,000 fans and followers across Facebook, Twitter and Google+, Burgener said.
Constantin announced it will launch a digital radio channel under the Sport1 brand, Sport1.fm, on July 19. The round-the-clock channel, which will stream gratis online, on WLAN radios and be available as a smartphone and tablet app, will carry the live broadcasts of all 612 season matches of the German first- and second-division soccer league, the Bundesliga, live reporting from international soccer tournaments, and coverage of Germany’s professional handball and basketball leagues.