German pay-TV platform Premiere is forecasting solid growth for the rest of this year on the back of increased revenues and subscribers.
It has recorded a second quarter net profit of 6.7 million euros, versus last year’s loss of 19.9 million euros, reports WorldScreen.com
Premiere expects to add 300,000 customers this year, driven by the launch of High Definition (HD) broadcasts.
For the second quarter, the platform added 14,460 subscribers, ending the year with 3.3 million in Germany and Australia. It expects to have between 3.55 million and 3.6 million by the year-end.
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