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Central European Media Enterprises

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Central European Media Enterprises Ltd.
Company typePublic
Nasdaq: CETV
IndustryMedia
Founded1994
HeadquartersHamilton, Bermuda
London, United Kingdom CME Development Corporation
Amsterdam, Netherlands
CME Media Enterprises BV Prague, Czech Republic CME Media Services Limited
Key people
Ronald S. Lauder, Chairman
Adrian Sârbu, CEO & President
David Sach, CFO
ProductsTelevision broadcasting; content production and distribution; New Media
RevenueIncrease $737 million (2010)
Number of employees
4,900[1]
WebsiteOfficial website

Central European Media Enterprises (CME) is a Bermuda-based media and entertainment company. Founded by Ronald Lauder, it owns broadcast, content and new media operations in Central and Eastern Europe. The company is listed on NASDAQ and Prague Stock Exchange under the ticker symbol CETV.

Broadcast

CME is the broadcast market leader in every country where it has stations present and reaches the homes of over 50 million people.[2] It started life as a single channel in the Czech Republic in 1994. It is now present in six markets where it operates 33 commercial stations, including a package of subscription channels in Slovenia. In 2010, CME acquired bTV group in Bulgaria. The group included bTV, the leading free-to-air commercial television channel in Bulgaria, as well as bTV Cinema and bTV Comedy cable channels, and several radio stations.[3]

Content & Distribution

In 2009 CME acquired Media Pro Entertainment, one of the leading producers and distributors of television fiction, which owns one of the largest production facilities in Central and Eastern Europe. In 2011 MPE delivered over 880 hours of fiction and 1,483 hours of reality and entertainment to CME broadcasters. It also offers production management services for foreign film producers and commercial advertising clients.[4] CME also acquired the leading content distribution company in the Czech and Slovak Republics Bontonfilms a.s. in June 2011.[5]

New Media

CME’s New Media Division operates more than 75 online products and distribution platforms across six markets. At present CME’s internet sites attract around 2 million unique users every day and around 11 million each month, representing a 20% increase over 2010 in terms of online audience. One of the division’s objectives is to support the Broadcast Division and Media Pro Entertainment by developing distribution platforms. The New Media Division also operates a number of non-TV related services through targeted standalone niche sites, which are created separately from its broadcast operations. In 2011 CME launched Voyo, a transactional and subscription video-on-demand portal, in the Czech Republic. Throughout 2011 Voyo has been rolled out across CME’s markets. Viewers can access free catch-up content from the archives of CME’s broadcasters, as well as see episodes of local series ahead of TV broadcast and unique paid content. Voyo has agreements with major and independent studios for the screening of international and local movies. In September 2011, the Pop Plus VOD distribution platform in Slovenia was rebranded to Voyo, and offered subscription VOD services.[6]

Key shareholders

On 23 March 2009, Time Warner announced that it would invest $241.5 million, for a 31% stake, in CME.[7]

Two years later on 3 March 2011 Time Warner bought another 3.1 million shares taking its stake in CME up to 34.4% with around 47 percent of voting rights and a total of 22.1 million shares.[8]

In July 2012 CME exercised its put option and Time Warner increased its economic interest in CME to 49.9%. [9]

Broadcast Operations

New Media Division

The company manages Live TV, Catch-up TV, TV news, program micro-sites, various content, blog and social networking sites. Implemented in all 6 CME markets, the portfolio of brands include:

Other

Romania

CME Board of Directors

See also

References

  1. ^ CME Form 10-K filed 24/02/2010
  2. ^ cetv-net.com
  3. ^ cetv-net.com
  4. ^ [1]
  5. ^ cetv-net.com
  6. ^ broadbandtvnews.com
  7. ^ cetv-net.com
  8. ^ bloomberg.com
  9. ^ [2]
  10. ^ #1
  1. 1.  USA"articol businessweek". bloomberg newsweek. Martie 3, 2011. {{cite news}}: Check date values in: |date= (help)
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