The Group created new employment for 1,080 (701 in Spain) people joining the company with a total global workforce of 6,695 professionals.
Investment was in the region of €69 million
The MEDIAPRO Group reported its annual results for 2018 with revenues of €1.967 billion, a 20% increase over 2017, and with recurring EBITDA of €222 million (€190 million in 2017). Group investments amounted to €69 million with the Group’s net debt standing at €442 million at year-end. The Group closed several strategic rights agreements in 2018, including Ligue 1 and Ligue 2 in France, the FIFA World Cup Qatar 2022™ and the Canadian League. Content production also sustained considerable growth and the Group continues the consolidation of its eSports division expansion, while maintaining its position as a world leader in the provision of audiovisual services. Its team of professionals grew in 2018 to 6,695 (4,765 in Spain), creating 1,080 additional jobs (701 in Spain).
2019 Group’s objectives include continued organic and inorganic growth of all its divisions, the expansion of activities in Latin America, consolidation of its presence in Asia, strategic development of its digital area and bolstering content creation worldwide through THE MEDIAPRO STUDIO, development of the domestic rights to the French league and breaking ground on its production activities in Canada. In 2019 the Group is also celebrating its 25th anniversary with a host of celebratory activities planned.
MEDIAPRO corporate activities are grouped into 4 business units:
In recent years, MEDIAPRO Group’s content creation and production has taken a significant qualitative and quantitative leap. Through its production companies (Globomedia, 100 Balas, Big Bang, K 2000, Mediapro, Burman Office and Mediasur), the Group produces drama and entertainment (27 programs accounting for over 3,600 broadcast hours on the principal Spanish operators) for a diverse client portfolio (HBO, Netflix, Amazon, YouTube, Movistar, FOX, Atresmedia, Directv, Mediaset Spain, BeIN SPORTS, Viacom, Disney, HITN, Nickelodeon, TVE, YLE, Sony, Flooxer, MGM, Vice, RCN, Canal Trece, HULU Japan, TF1, A + E Networks, RAI, SONY ESPN, lVP, Televisa, Univision, Artear, MEGA, Chile Vision, Playz, Globo Internacional, Turner, GOL, TNT and other regional channels).
In 2018, the content division, now grouped under THE MEDIAPRO STUDIO, delivered important projects such as “Vota Juan”, “Six Dreams”, “All or Nothing: Manchester City”, “Locked Up”, “I’m Alive” and TV dramas “Victim Nº 8”, “N00bees” and “Side Games”. Movie projects include “My Masterpiece”, by Gaston Duprat and “4×4” by Mariano Cohn with shows like “El Intermedio”, “Zapeando”, “Ninja Warrior”, “El Conquistador del fin del mundo” and “La Báscula” in entertainment. Non-fiction feature films included “The State’s Secret Cesspit”, “Grietas”, “Special Case Nº 20907/2017″, “1-O” and “20-S”.
MEDIAPRO productions for Amazon “Six Dreams” and “All or Nothing: Manchester City” have been nominated for 5 Emmy Awards.
The incorporation of Carlos Herrero (Head of Entertainment at Globomedia) and Javier Olivares and Fernando González, represents substantial added value for the Group’s creative team.
The Exhibitions division developed projects including the new Atlético de Madrid museum; The Zone of Hope, the immersive virtual reality experience and design on climate change in Aigües de Barcelona; the Ciudad de Mexico Museum and the ceremony of the Day of the Dead in the Plaza del Zócalo (Mexico City).
Audiovisual Rights Division
The purchase of the rights for league competitions in France and Canada represents a huge impetus for the Group’s international activity in the area of rights. The Group will exploit the rights of Ligue 1 and Ligue 2 in France during a period of four seasons, from 2020-21 to 2023-24.
The Group was also awarded the rights to the FIFA World Cup Qatar 2022, the first World Cup ever held between November and December with forecasts of greater television consumption expected and MEDIAPRO will create a 24h channel to guarantee the best and most complete coverage. The agreement with FIFA also includes the awarding of the rights to the FIFA Women’s World Cup 2019 taking place this summer (June-July) in France, in line with the Group’s strategic commitment to the promotion and development of women’s soccer and to ensure greater visibility for competitions. The Spanish team is in Group B along with Germany, China and South Africa.
The renewal of the contract with LaLiga for International rights to the competition, rounds off an excellent year in 2018 for the rights division.
Audiovisual Services Division
MEDIAPRO’s appointment as Host Broadcaster for the production of the Pan American Games and the Parapan Am Games (Lima 2019) consolidates the Group’s position as one of the leading audiovisual services providers in the world. Group professionals will provide services and the official signal for all the competitions from the 24 venues, in addition to the opening and closing ceremonies for television networks worldwide. The Pan-American Games are the largest international sporting event in which athletes from all over the Americas participate. 600 professionals, 16 Outside Broadcast Units and 300 tons of equipment will be deployed to cover almost 2,800 sporting events.
The Group was awarded the contract by the South American Football Confederation (CONMEBOL) to run its production HUB for the next 4 years, producing the signal of 3 competitions and 263 matches.
The 2018 FIFA World Cup in Russia, which took place in June 2018, was also an important milestone for the audiovisual services division. More than 300 professionals travelled to Russia with 10 4K OB Units to provide coverage for channels from 40 countries throughout Africa, Europe, Asia and North and South America.
From its offices in Morocco, Tunisia, Gabon, Angola and Kenya, MEDIAPRO Group’s professionals were responsible for the production of the principal sporting events held in the African continent, including highlights such as the Kenyan and Angolan league competitions, which are just two of the 16 national competitions produced by the MEDIAPRO Group with a production of up to 150 sporting events per day in Europe, Africa and Latin America.
MEDIAPRO also provides VAR services to league competitions in 14 countries, including Spain, Portugal, Greece, the United Arab Emirates, Mexico and Chile, and the CAF and CONMEBOL competitions, with FIFA approval.
The audiovisual engineering division, with a team of 100 engineers and specialized technicians developed and delivered projects in 3 continents, highlights of which include the design, construction and operation of the France 24 channel in Spanish in Colombia and the installation of the clinical simulation laboratories at the Universitat de Barcelona Faculty of Medicine.
Digital & eSports Division
The Digital & eSports division was by far the area within the Group that underwent the most impressive growth in 2018 situating itself as a strategic business unit for the Group’s future. Significant international expansion, powered by the LVP (largest Spanish eSports competition in the world) with competitions in Spain, Mexico, Colombia, Argentina, Peru, Chile and the United Kingdom, served as the premise for creating UBEAT (eSports content platform in Spanish). The Group’s strategy in this area also included the integration of The Breach Studios to design and launch video games.
The Group’s Innovation Division also underwent significant growth in the areas of virtual reality and artificial intelligence. In 2018, the division produced virtual reality content for football leagues in Spain and the United Arab Emirates.
Finally, the MEDIAPRO Group signed a 3-year collaboration agreement with the Barcelona-based SONAR Festival to explore 360º immersive content production.
The Audiovisual Group, present in 36 countries, has opened 18 new offices in Serbia, Croatia, China, Canada, Peru and Egypt, reaching a total of 58 delegations. The incorporation of Orient Hontai into the Group’s shareholding structure is enabling expansion throughout Southeast Asian, with the opening of delegations in Shanghai, Beijing and Hong Kong. 2018 was also the year of the Group’s expansion into Eastern Europe, with the integration of VPK, the largest independent television production company in Slovenia. Based in Ljubljana, VPK PRO specializes in the production and transmission of events as well as the creation of television programs with offices in Serbia (Belgrade) and Croatia (Zagreb). In South America, activity in Mexico was also subject to great growth with the incorporation of COMTEC, one of Mexico’s leading audiovisual services production companies.