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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.

The company announced its financial results for the third quarter of 2024, reflecting a 4% increase in revenue.

Akman brings a track record of growth and innovation, with over 30 years of experience in media and entertainment. He has held senior roles at Cineflix Media, Shaw Media, Canwest Media, Alliance Atlantis Communications, and co-founded the television production company Husk Media. 

The executive, who had been promoted a year ago, announced to employees he will depart from the company later this month.

Strong Adjusted OIBDA growth continues in C&W Panama and the Caribbean, while post-migration impacts in Puerto Rico are expected to improve in H2. Additionally, the company has agreed to merge with Tigo in Costa Rica and has spent over $300 million on share repurchases and convertible redemption in 2024.