Central European Media Enterprises (Pro TV owner) , had 2013 revenues equal to 691 mil dollars, decreasing from 772 mil dollars (2012). CME recorded in 2013 for the entire group, an OIBDA of 46.5 mil dollars compared to OIBDA of 125.4 mil in 2012.
However, it seems that in Romania, the group had the most significant growth in net income but also a big decrease in OIBDA compared to the previous year. The big change and also a very positive one is that Time Warner, the main shareholder, announced the support for the company’s cash needs which increased significantly the CME shares price .
The stock grew 62 percent to a max of 85 koruna, the most important increase since 2005. This is the most positive news regarding the company since 2013 when they had to replace Adrian Sarbu because of “unacceptable performing level”.
CME recorded an increase in Bulgaria, Croatia and Romania with the most performing country being Romania (208 mil dollars instead of 195 mil dollars in 2012). This growth is mainly due to the fact that CME decided to exit the “must carry” space last summer. This means Pro TV has additional income now from cable companies because they need to pay in order to retransmit their content.
Michael Del Nin (co-CEO) : It was a difficult year for the company, in financial terms , but we are encouraged by Mastery we take regarding our operational priorities . In addition, today ( Friday, February 28 – Ed.) Have announced a series of related financial transactions that , upon completion , will fully meet the liquidity needs of the company will improve the company’s profile in terms of maturity and imprumutuirilor we will put you on a path to cash flow positive since 2015 ”
Christoph Mainusch (co-CEO) : Our results demonstrate that in 2013 remain the clear market leader in terms of audience share , in all the territories where we are present and we expect to maintain our position in 2014. We maintain our commitment to focus on the efficiency of our operations , identifying new opportunities to reduce operational costs and content . However , we will not jeopardize the leading positions of the audience ” .
“And finally, an update on carriage fees. We successfully concluded negotiations with all major cable and satellite operators in Romania. As a result of these deals, we expect carriage fees in Romania to increase further during 2014, compared to 2013.”
“so as we said earlier, we are planning or just very recently started a process to divest to those non-core assets. They include some of the distribution assets that we have largely in Romania, including some of the smaller businesses that we’ve got pieces of, including radio assets for example and cinema businesses. So that process follows a review of those assets. As we said in the last call, we believe that it is in the best interest of the company to focus on our broadcasting businesses, and we think that while those assets, in many cases are very good businesses and perform quite well, are probably more valuable in the hands of others. So that process, as I said, is about to begin and we expect to make a fair amount of progress on that in the coming months.”
Non – core assets that CME will look to exit from in the following months :
Media Pro Pictures (MediaPro Entertainment Romania)
MediaPro Pictures is the largest film and TV production company in Romania, part of MediaPro Entertainment along with other production units from Czech Republic, Croatia, Slovakia, Slovenia and Bulgaria. Since 2009, MediaPro Entertainment is part of CME (Central European Media Enterprises), a vertically integrated media and entertainment group, who operates broadcasting, internet and TV content companies, leaders on their market segments.
The company’s experience in film production was rewarded in 2007 with “Un certain regard” prize in Cannes Film Festival for “California Dreamin’ (endless)” and in June 2011 with the TIFF award for its short movie “Bora Bora”. MediaPro Pictures is the first production company in Romania that produced a film for the American market, “Fire & Ice”, made for the TV station Sci Fi Channel.
Media Pro Studios
MediaPro Studios in Romania is Eastern Europe’s largest and longest established film studios with a tradition in cinema spanning over 60 years. It provides full production services for the international film and TV industry. The complex is located in the town of Buftea, some 20 kilometers north-west of Bucharest. Since they were founded (in the 1950s), over 600 films have been shot, processed and/or serviced there – both Romanian and international productions.
Being the production services arm of MediaPro Entertainment which is part of Central European Media Enterprises, MediaPro Studios is now the center of a network of facilities that includes: 19 stages in Buftea(Romania), a complete studio under construction in Croatia, part of the Barrandov Studios in Prague and dozens of stages used for production in Croatia, Czech Republic, Slovenia, Bulgaria and Slovak Republic. With these facilities comes the region’s largest production services provider – a collective of each country’s top production companies, ready to assist runaway productions for a more fluid and cost efficient response to clients.
Today MediaPro Studios has 16 stages, the largest water tank in Eastern Europe, a back lot (including a lake), more than 30,000 costumes from all historical periods, and exterior sets from the 16th to 18th century.
MediaPro Distribution is part of and benefits from the synergies within the MediaPro Entertainment division, the content and distribution division of Central European Media Enterprises (CME), the largest vertically integrated media company in Central and Eastern Europe.
MediaPro Distribution acts as the largest independent film distributor in the CEE region and as the worldwide exclusive Sales Agent of the programs produced by MediaPro Entertainment’s local production entities across its operating territories.
MediaPro Distribution currently operates the following business lines:
•Worldwide all rights (cinema, home-video, VoD, TV) distributor of MPE’s productions;
• All rights distributor (cinema, home video, TV) of independent productions in CEE;
• Free TV rights distributor of independent productions in CEE;
•All rights distributor (cinema, home video, VoD, TV) of independent productions in Romania;
• Theatrical distributor of Warner Bros. Pictures in Romania;
• As of 2011, MediaPro Distribution has set the basis for its organic growth and established the theatrical distribution operations in Hungary (as Pro Video Hungary), Czech Republic and Slovakia (as Bonton Films), with the Romanian team coordinating the activity from its Bucharest headquarters.
Starting with January 2011, MediaPro Distribution – the sole theatrical Licensee of Warner Bros. Pictures in Romania – is successfully maintaining its status as the most prolific independent film distributor, by presenting to the big screens an unique array of titles from the most renowned production companies: Lionsgate, Summit Entertainment, Lakeshore Entertainment, Relativity Media, Nu Image, IM Global, Sierra/ Affinity, Red Granite, Film Nation, Europa Corp and Studio Canal.
Also, from 2011 MediaPro Distribution has extended its operations throughout Europe, in Hungary (Pro Video Film & Distribution), in the Czech Republic and Slovakia (Bontonfilm), its main object being providing high quality content to the markets in which is currently operating and penetrating new territories with its innovating programs.
With its impressive portfolio, comprising no less than 300 feature films and an average of 40 yearly new releases, MediaPro Distribution is once again a pathfinder in the online movie exploitation segment, by developing new platforms for Video on Demand services based on IP and digital broadcasting.
MediaPro Distribution provides its clients several options for accessing the VOD content, making it possible for the exploitation license to be used: Online to a PC, Online to a Set Top Box, mobile or tablet distribution licenses and pre-load.
Founded in 2000, Hollywood Multiplex is one of the leading movie theatres in Bucharest offering 10 modern screening rooms with a total capacity of 2125 seats. It is equipped with advanced sound systems such as: Dolby Digital, Dolby SR (spectral recording) and DTS (Digital Theatre System), and three image rendering formats: film, Sony CineAlta 4K digital and RealD 3D.
MediaPro Music is one of the most important labels in Romania part of the Media Pro Group, managing in a relatively short time to become a major player on the Romanian musical market. Launched in 1997, it has also been involved in event planning such as concerts, promotion tours, autograph sessions, press conferences and publishing activities. The label has a wide portfolio of artists, with genres ranging from rock and pop, to dance, Latin, and traditional folk.
Pro Video is an active part of MediaPro Entertainment, one of the strongest providers of quality content in Central and Eastern Europe. Pro Video is the leading home video distributor on the Romanian market. In addition to being the exclusive Warner Home Video and Sony Pictures Home Entertainment licensee for the Romanian territory, Pro Video is also a major provider of independent and local feature films and it is currently expanding the distribution to other European territories.