Pink Media Group

Pink Media Group

The Pink Media Group started off with Radio Pink in 1993 and the following year launched a TV station by signing a contract on business and technical cooperation with the country’s national television RTS (today public service broadcaster) due to Pink founder’s (Zeljko Mitrovic) close tie with the ruling elites. According to the contract, the RTS was obliged to cede a number of facilities, equipment and services to Pink with minimal compensation. The mogul’s Pink TV channel pioneered a new kind of populist programming, playing “turbo-folk” music and promoting nationalist ideals. Warriors and singers rubbed shoulders on its prime-time slots. Since 1998, it has been the leading commercial TV station in the country, keeping good ties with every government to follow. Today, it is the second most watched TV station in the country (after public service broadcaster RTS) with 14.91% share, according to Nielsen survey covering the period from April 1, 2016 - March 31, 2017.

Thanks to these close relations with state officials, Mitrovic’s business has been constantly growing over the years and also spreading through industries and countries. Today, its broadcast reach extends globally through Pink International’s licensing arrangements for two satellite television brands, Pink Plus and Pink Extra. Programming for these satellite channels is supplied by Pink International (TV Pink) and Pink BH (Bosnia and Herzegovina). In addition to this, there are 60 Pink cable channels ranging from Pink kids and Pink music to Pink erotika.

Today, The Pink Media Group is the largest, private commercial broadcast entertainment and media group in Southeast Europe. The group’s operations encompass: filmed entertainment production, radio and television broadcasting, satellite tv production, music recording, optical disc media replication and executive/VIP aviation services. PMG refers to seven individual, legally and financially, independent companies: Pink International Company, Pink BH, Pink M, City Records, Airpink and Pink Films International.

However, in the course of 2014, Pink appeared on the state tax administration lists as one of the major tax debtors. But, the Serbian Export Credit and Insurance Agency (AOFI) still aided Pink International Company at least twice - with guarantees and loans at the total amount of € 3.9 million to the benefit of AIK Bank.

Probably one of the biggest controversies regarding Mitrovic is his relation with the country’s broadcasting agency, REM. It is believed that Mitrovic had a major influence on the allocation of nationwide frequencies in 2006, securing himself one frequency (for Pink TV), while it later turned out that two other media outlets (Avala and Happy/Kosava), that also obtained the national frequency, were connected to him either through ownership or loans.

Key facts

Mother Company

Pink International

Business Form

private

Legal Form

LLC

Business Sectors

Media, music production, film production and airline industry

Ownership

Individual Owner

Direct media

Media buying agency

10%
Media Outlets
Other Media Outlets

Other TV Outlets

60 cable channels like Pink erotica, Pink Kids, Pink 2, Pink 3 etc.

Other Online Outlets

Facts

Media Business

News and entertainment programme

Business

Airline industry

AirPink

Music industry

City records

Movie production

Pink Films International

International business

Pink BH in Bosnia and Herzegovina, Pink M in Montenegro

General Information

Founding Year

1993

Founder

Zeljko Mitrovic

Affiliated Interests Founder

Zeljko Mitrovic began his business activities in the 1990s, in a media environment that was tightly controlled by the ruling couple, Slobodan Milosevic and Mirjana Markovic. Using his close ties with the ruling elite, Mitrovic obtained a nationwide broadcasting frequency for Pink in 1994 and since 1998, it has been the leading commercial TV station in the country, keeping good ties with every government to follow. Thanks to these close relations with state officials, Mitrovic’s business has been constantly growing over the years and also spreading beyond the borders of Serbia. Today, Pink media group (which is not a legal entity) operations include: filmed entertainment production, radio and television broadcasting, satellite TV production, music recording, optical disc media replication and executive/VIP aviation services. Mitrovic also had shares (80.5%) in bubble gum production in company called MGUM Technology.

Employees

821

Contact

Neznanog junaka 1

11000 Belgrade, Serbia

Tel: +381 11 3063 527

Website: www.pinkmediagroup.net

Tax/ ID Number

6908381

Financial Information

Revenue (Financial Data/ Optional)

6.1 Bil RSD / 54.8 Mio USD

Operating Profit (in Mill. $)

2.3 Bil RSD / 20.4 Mio USD

Advertising (in % of total funding)

Missing Data

Management

Other Influential People + Interests Other Influential people

Milica Mitrovic, vice president of Pink International and programme director of Pink TV, is Zeljko Mitrovic's wife.

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