Discovery Buys TF1 Group’s Interests in Eurosport

SILVER SPRING/PARIS: Discovery Communications has acquired TF1 Group's controlling interest in Eurosport International, increasing their larger partnership that was first announced in December 2012.

Discovery increases its interest 20 percent to 51 percent.

The flagship Eurosport network reaches 133 million homes across 54 countries. Eurosport's businesses include Eurosport 2, Eurosport HD, Eurosport Asia-Pacific and Eurosportnews.

“Eurosport is one of the strongest, most dynamic sports platforms in the world. Over the past year, as we have been working directly with our partners from TF1, it became clear that combining the power of Eurosport’s brands and audience reach with Discovery’s network portfolio, boots on the ground, and country-specific expertise creates an unrivaled and powerful offering for viewers, advertisers and affiliates,” said David Zaslav, the president and CEO of Discovery Communications. “Today’s announcement underscores Discovery's strategy to support already strong organic growth with targeted acquisitions and partnerships. This deal will enable our industry-leading International team and its new leader, JB Perrette, to create new value for our business partners by developing and sharing programming across channel brands, and building a stronger and more diversified network portfolio. We are privileged to continue our successful relationship with TF1 Group and look forward to growing Eurosport for many years to come.”

“With its successful track record of investing in quality content and building global brands, Discovery Communications is perfectly positioned to further expand and increase the value of Eurosport,” added Nonce Paolini, the chairman and CEO of TF1. “Eurosport’s vast sports platform coupled with Discovery’s extensive network portfolio will entertain and engage audiences and generate additional revenue streams for our business associates and distribution partners globally.”