TF1 Closes Newen Deal

PARIS: After receiving clearance from all the relevant authorities, TF1 has completed its acquisition of a 70 percent interest in FLCP, the holding company of the Newen group.

The company is being renamed Newen Studios, which will be composed of Newen and Neweb. The existing shareholders of FLCP, including the management team, retain a 30 percent equity interest in the company.