German media giant ProSiebenSat.1 is continuing its period of realignment with a host of changes in its management structure.
Last year, ProSiebenSat.1 acquired German streaming service Joyn from Warner Bros. Discovery. The same year, the company bundled its production companies in Germany, the U.K., Denmark and Israel, under the newly established banner Seven.One Studios. In July this year, ProSiebenSat.1 revealed that the group’s realignment after it acquired Joyn would result in the loss of 400 jobs. And in August, quarterly results showed that declining TV advertising revenues in the German-speaking region contributed to revenues and profits plunging.
On Thursday, it emerged that Joyn CEO Tassilo Raesig and CFO and COO René Sahm, are leaving the company by “mutual agreement due to differing views on the future direction of the platform.” Katharina Frömsdorf will become CEO of Joyn as of Nov. 1, reporting into ProSiebenSat.1 CEO Bert Habets. Alongside her, Nicole...
Last year, ProSiebenSat.1 acquired German streaming service Joyn from Warner Bros. Discovery. The same year, the company bundled its production companies in Germany, the U.K., Denmark and Israel, under the newly established banner Seven.One Studios. In July this year, ProSiebenSat.1 revealed that the group’s realignment after it acquired Joyn would result in the loss of 400 jobs. And in August, quarterly results showed that declining TV advertising revenues in the German-speaking region contributed to revenues and profits plunging.
On Thursday, it emerged that Joyn CEO Tassilo Raesig and CFO and COO René Sahm, are leaving the company by “mutual agreement due to differing views on the future direction of the platform.” Katharina Frömsdorf will become CEO of Joyn as of Nov. 1, reporting into ProSiebenSat.1 CEO Bert Habets. Alongside her, Nicole...
- 10/19/2023
- by Naman Ramachandran
- Variety Film + TV
European TV giant ProSiebenSat.1 has restructured its Seven.One Entertainment Group — with the changes seeing top German channel manager Daniel Rosemann exiting after 15 years and the CEO of Joyn also leaving.
The new structure sees ProSiebenSat.1 CEO Bert’s Habets add the same role at Seven.One Entertainment to his duties, and comes as the Unterföhring-based continues its reorganization as a digital-first operation. Some key staff have exited and about 10% of the entire ProSiebenSat.1 workforce have been cut as part of the process.
The new changes see Seven.One Chief Content Officer Henrik Pabst take on an expanded role overseeing content for all channels and platforms and Katharina Frömsdorf upped to lead streamer Joyn as Chief Platforms and Growth Officer. Tassilo Raesig, CEO of Joyn, and René Sahm, CFO and COO of Joyn are exiting by mutual agreement “due to differing views on the future direction of the platform,” according to ProSiebenSat.
The new structure sees ProSiebenSat.1 CEO Bert’s Habets add the same role at Seven.One Entertainment to his duties, and comes as the Unterföhring-based continues its reorganization as a digital-first operation. Some key staff have exited and about 10% of the entire ProSiebenSat.1 workforce have been cut as part of the process.
The new changes see Seven.One Chief Content Officer Henrik Pabst take on an expanded role overseeing content for all channels and platforms and Katharina Frömsdorf upped to lead streamer Joyn as Chief Platforms and Growth Officer. Tassilo Raesig, CEO of Joyn, and René Sahm, CFO and COO of Joyn are exiting by mutual agreement “due to differing views on the future direction of the platform,” according to ProSiebenSat.
- 10/19/2023
- by Jesse Whittock
- Deadline Film + TV
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.