Groupe TF1
Native name
Groupe TF1
TypePublic (Société anonyme)
Euronext ParisTFI
CAC Mid 60 Component
IndustryMedia
Founded1975
1987 (privatized)
FounderGovernment of France
HeadquartersTF1 Tower, ,
Key people
Gilles Pélisson (Chairman and CEO)
ProductsTelevision broadcasting and production, websites, media investments
RevenueIncrease €2.288 billion (2018)
Increase €174 million (2018)
Increase €128 million (2018)
Total assetsDecrease €3.157 billion (2018)
Number of employees
3,135 (2018)
ParentBouygues (43.8%)
Websitewww.groupe-tf1.fr
Footnotes / references
[1][2]

TF1 Group (French: Groupe TF1) is a French media holding company. Its best-known property is the broadcast network TF1.

The group was formed after TF1 was privatized in April 1987. It is controlled with a 43% stake by Bouygues, and is quoted on Euronext Paris.

History

The history of TF1 traces back to 1975, when the Office de Radiodiffusion-Télévision Française (ORTF) was split into 7 successor institutions. To provide competition for Canal+, La Cinq and M6, the French government decided to privatize TF1 in April 1987. Since then, it has been controlled by the Bouygues conglomerate after its privatization.

In June 2009, TF1 Group agreed to buy the NT1 channel from AB Groupe, as well as AB's 40% stake in TMC Monte Carlo (which would take TF1's total stake to 80%). The deal was cleared by France's competition authority and subsequently by the Council of State in December 2010, dismissing an appeal by Métropole Télévision.[3] As part of the same transaction the group raised its stake in WB Television to 49%.[4]

On 21 December 2012, Discovery Communications purchased a 20% stake in Eurosport from TF1 Group for €170m.[5] Discovery has the option to increase its stake to 51% in 2014. Should Discovery exercise its option, TF1 Group would have the ability to then exercise a put option over the remaining 49% that would see Discovery take full control.[6] On 22 July 2015 Discovery agreed to acquire TF1's remaining 49% stake in the venture.[7] Discovery also took a 20% share in TV Breizh, Histoire, Ushuaia TV and Stylia – for €14m, with the option of increasing its shareholding to 49% in each channel in 2014. Discovery and TF1's production arm will also work together on making programmes.

TF1 Group's Newen agree to acquired a majority stake in Reel One of Montreal in July 2019. Current owner and CEO Tom Berry would retain a minority stake in the company.[8]

On 18 May 2021, TF1 Group and M6 Group announced that both companies have began negotiations for a proposed merger.[9][10]

Operations

OTT platform

Television

TF1 Group owns or has a direct stake in the following television channels:[citation needed]

Free-to-air

Pay

Former

Other assets

The firm holds a number of other interests in the advertising, internet and publishing fields, including 34% of Metro International's operations in France.

References

  1. ^ TF1 Group, [1], retrieved 13 March 2019
  2. ^ TF1 Group, [2], retrieved 13 March 2019
  3. ^ Le Galès, Yann; Renault, Enguérand (30 December 2010). "TF1 autorisée à racheter TMC et NT1". Le Figaro (in French). Retrieved 4 May 2011.
  4. ^ Vidalon, Dominique; Jacobs, Caroline (28 May 2009). "TF1 in exclusive talks to buy digital TV assets". Forbes. Reuters. Retrieved 2009-09-19.[dead link]
  5. ^ "TF1 & Discovery Communications finalize agreement and move forward to build three-tier strategic alliance across Eurosport, four payTV channels and production" (Press release). TF1 Group. 2012-12-21. Archived from the original on 2013-10-22. Retrieved 2013-01-23.
  6. ^ "Discovery moves into sport with a 20% stake in Eurosport". The Guardian. 13 December 2012.
  7. ^ "Discovery to take full control of Eurosport". broadbandtvnews.com. 22 July 2015. Retrieved 6 April 2018.
  8. ^ a b c Keslassy, Elsa (July 11, 2019). "France's Newen Acquires Canadian Outfit Reel One (EXCLUSIVE)". Variety. Retrieved December 2, 2019.
  9. ^ "France's TF1 & M6 Enter Exclusive Merger Negotiations to Create $4B Media Giant". 18 May 2021.
  10. ^ https://www.exchangewire.com/blog/2021/05/20/tf1-m6-propose-merger-vungle-acquires-tresensa/
  11. ^ Nabyla, Daidj (2014-09-30). Developing Strategic Business Models and Competitive Advantage in the Digital Sector. IGI Global. ISBN 9781466665149.