Germany’s ProSiebenSat.1 Looks To Renegotiate Hollywood Studio Deals; Strikes Warner Bros Pact

Read on: Deadline

German broadcaster ProSiebenSat.1 is looking to renegotiate its output deals with Hollywood studios and improve its scope of rights after reducing its full-year revenue targets. It revealed that it has already struck a new deal with Warner Bros. The company revealed that it was looking to bolster local originations, coming after it noted that it expects a revenue decrease in the low-single digital percentage range to about €4B. Its increased investment in local content…