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It includes a wide offer of news, sports and entertainment. The surge in FAST consumption is reshaping the European streaming media landscape, with Samsung TV Plus experiencing nearly double the consumer viewing growth.

Over 71% of audiovisual revenues come from television, the most robust media platform. Last year, the country saw a surge in productions for young audiences.

The company’s streaming platform Joyn continued its upward trajectory, with AVOD revenues jumping 25% and total viewing time surging 38%. Also, the entertainment segment saw a 3% rise in Q2 external revenues to €612 million, while the commerce and ventures segment posted a 17% increase to €197 million.

A research by Vitrina showed the recovery is on the back of a resurgent APAC and EMEA regions; continuing productions from Netflix and Amazon Prime; as well as a host of government supported sops and incentives.

The French company announced its first quarter results, with a revenue of €4.28 billion, amid talks of corporate restructuring.