The French competition authority (Autorité de la Concurrence) has issued its report regarding the proposed merger between Groupe TF1 and Groupe M6, citing that the transaction raises "significant competition concerns," in particular for the advertising market.
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Pay-TV broadcasters Canal+ and beIN SPORTS have each secured a package of UEFA Champions League broadcasting rights in France for the 2021-2024 three-season cycle.
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The French Competition Authority has given a green light to Salto, the joint platform project from TF1, M6 and France Télévisions, which is now due to launch in the first quarter of 2020.
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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.
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Consolidated revenue for the first half of 2017 reached €1.04 billion ($1.2 billion) at TF1, up 1.1 percent, as costs were down considerably thanks to the year-on-year comparison with the spend for the Euro 2016 football championship.
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