on PANTALEON Entertainment AG (isin : DE000A12UPJ7)
PAL Next AG: 2024 Performance and AI Film Production Leadership
PAL Next AG describes a robust performance for the 2024 fiscal year, enhancing its position in AI-driven film production. Subsidiary Storybook Studios confirmed its leadership, pioneering AI-based content creation. Key highlights include completing productions like "THE TIGER" for Amazon and continuing films for Warner Bros., anticipating revenue boosts in 2025. The innovative AI format "PREVIOUSLY ON" targets short-form platforms, showcasing PAL Next's futuristic approach.
Despite a drop in 2024 revenue to EUR 4.2 million, PAL Next managed to improve its EBIT to EUR -3.3 million. The company's restructuring efforts helped to enhance the financial outlook. PAL Next expects a significant revenue increase to EUR 21-23 million in 2025, implying strengthened financial stability.
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