Sales of RTÉ shows Taken Down, Hardy Bucks and Operation Transformation last year contributed to RTÉ’s commercial arm increasing its pre-tax profits by 22 per cent to €8.89 million. New accounts filed by RTÉ Commercial Enterprises DAC show the slimmed-down division recorded the pre-tax profits rise in spite of revenues decreasing by 9 per cent from €20.26 million to €18.47 million. Numbers employed last year reduced from 35 to 23 and staff costs reduced from €2.5 million to €1.73 million. The GAAGO joint venture recorded revenues of €1.33 million last year and recorded profits of €118,000. Income from advertising and sponsorship for RTÉ’s commercial operation reduced from €874,000 to €710,000, while revenues from “content, merchandising and related sales” reduced from €13.3 million to €12.17 million, and facilities income reduced from €2.6 million to €2.3 million.

Source: The Irish Times October 14, 2019 18:33 UTC