TF1 Finalizes Newen Studios Acquisition


The TF1 group has finalized the acquisition of the remaining 30 percent stake in the Newen Studios group, giving it 100 percent ownership, with Bibiane Godfroid appointed as chairwoman of Newen Studios, replacing Fabrice Larue.

Larue is leaving the group to pursue new projects. He had been serving as CEO and chairman of Newen Group.

Gilles Pélisson, chairman and CEO of the TF1 group, said: “I would like to thank Fabrice Larue and his team, who have built one of the jewels of French audiovisual production. Over the years, the successive buyouts of Telfrance, Capa, 17Juin, Blue Spirit Productions and Tuvalu Media, and the creation of Neweb, have enabled Newen to assemble a unique coalition of talents across the whole spectrum of production and the web. I have total confidence in Bibiane Godfroid, whose track record and professional qualities will be a source of great strength to the Newen group. I wish her full success in her new role, as she works alongside her talented colleagues further develop the group while retaining its editorial freedom and commercial independence.”