(AOF) – Xilam Animation, an independent production and distribution company for animated programs, generated a net profit of 4.9 million euros, an increase of 261% for its 2023 financial year. stands at 5.10 million euros, an increase of 107% and its 2023 turnover, at 39.72 million euros, increases by 11%. Net cash generation amounts to 8.6 million euros, with net financial debt at December 31, 2023 reduced to 7.3 million euros, compared to 15.9 million euros at the end of December 2022.
“Despite a sharp drop in 2024 revenue, the group maintains its forecast for current operating income close to balance,” the company said in a press release.
AOF – LEARN MORE
Learn more about the Media sector
Artificial intelligence, threat or opportunity for professional and specialized press publishers?
After having fought for the tech giants to pay them for related rights, press publishers are worried about the use of their data for the benefit of artificial intelligence (AI). Generative AI feeds on information it finds on the internet, including that from the media. The latter can, however, prevent the use of their data by an AI thanks to the 2019 European directive and its translation into French law, which governs the search for texts and data. However, this remains theoretical. In the meantime, certain specialized players in the publishing world are working to reassure investors after the loss of value on the stock market of certain companies. Thus professional information specialists, or publishers of academic publications, such as RELX, Pearson or Wolters Kluwer are multiplying reassuring messages and presenting AI more as an opportunity than a threat by emphasizing that they themselves use AI. ‘AI. Analysts generally remain confident in these specialized publishing players because their strong asset is based on the reliability of the information they transmit, which is still far from being the case for AI. For now…