TF1 Group
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Native name | Groupe TF1 |
|---|---|
| Company type | Public (Société anonyme) |
| Euronext Paris: TFI
CAC Mid 60 Component | |
| Industry | Media |
| Predecessors | La première chaîne (ORTF, 1975) |
| Founded | 1935 1987 (privatized) |
| Founder | Government of France |
| Headquarters | TF1 Tower, , |
Key people | Gilles Pélisson (Chairman and CEO) |
| Products | Television broadcasting and production, websites, media investments |
| Revenue |  €2.288 billion (2018) |
| €174 million (2018) | |
| €128 million (2018) | |
| Total assets |  €3.157 billion (2018) |
Number of employees | 3,135 (2018) |
| Parent | Bouygues (43.8%) |
| Website | www.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] On 16 September 2022, the merger was officially abandoned due to competition concerns by the anti-trust French authorities.[11]
Operations
Streaming service
- Salto, with France Télévisions and Groupe M6
Television
TF1 Group owns or has a direct stake in the following television channels:[citation needed]
Free-to-air
- TF1, channel 1
- TMC, channel 10
- TFX (launched in 2005 as NT1), channel 11
- TF1 Séries Films (launched in 2012 as HD1), channel 20[12]
- LCI - La Chaîne Info (launched in 1994), channel 26
Pay
- TV Breizh (launched in 2000)
- TF1 International, TF1's international channel
- Histoire TV (launched in 1997)
- Ushuaïa TV (launched in 2005)
- Série Club - 50% stake
Former
- Stylia (ex-Odyssée launched in 1996, closed in 2014) - 80% stake
- TF6 (closed in 2014) - 50% stake
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
- ^ TF1 Group, [1], retrieved 13 March 2019
- ^ Le Galès, Yann; Renault, Enguérand (30 December 2010). "TF1 autorisée à racheter TMC et NT1". Le Figaro (in French). Retrieved 4 May 2011.
- ^ Vidalon, Dominique; Jacobs, Caroline (28 May 2009). "TF1 in exclusive talks to buy digital TV assets". Forbes. Reuters. Retrieved 2009-09-19.[dead link]
- ^ "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.
- ^ "Discovery moves into sport with a 20% stake in Eurosport". The Guardian. 13 December 2012.
- ^ "Discovery to take full control of Eurosport". broadbandtvnews.com. 22 July 2015. Retrieved 6 April 2018.
- ^ a b c Keslassy, Elsa (July 11, 2019). "France's Newen Acquires Canadian Outfit Reel One (EXCLUSIVE)". Variety. Retrieved December 2, 2019.
- ^ "France's TF1 & M6 Enter Exclusive Merger Negotiations to Create $4B Media Giant". 18 May 2021.
- ^ https://www.exchangewire.com/blog/2021/05/20/tf1-m6-propose-merger-vungle-acquires-tresensa/
- ^ "Proposed merger between TF1 and M6 group abandoned, companies say". Reuters. September 16, 2022. Retrieved September 16, 2022.
- ^ Nabyla, Daidj (2014-09-30). Developing Strategic Business Models and Competitive Advantage in the Digital Sector. IGI Global. ISBN 9781466665149.
