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With over 98% shareholder approval, Kyriacou brings nearly 30 years of global media leadership to accelerate ProSiebenSat.1’s strategic focus on entertainment and digital transformation.

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 fourth-quarter and full-year 2023 results and expects slight revenue growth and a positive development of entertainment advertising revenues in the German-speaking region in 2024.

German broadcaster ProSiebenSat.1 has begun collaborating more closely with fellow European broadcaster MediaForEurope, its largest shareholder, in areas including advertising, technology, and content.

After the Group fully acquired the streaming platform Joyn, putting it at the center of its entertainment activities, a realignment of the organization is now taking place, particularly in the entertainment segment.