{"id":4382,"date":"2012-12-13T00:00:00","date_gmt":"2012-12-13T00:00:00","guid":{"rendered":"http:\/\/worldscreen.com\/tveurope\/2012\/12\/13\/discovery-tf1-inch-closer-to-finalizing-deal\/"},"modified":"2012-12-13T00:00:00","modified_gmt":"2012-12-13T00:00:00","slug":"discovery-tf1-inch-closer-to-finalizing-deal","status":"publish","type":"post","link":"https:\/\/worldscreen.com\/tveurope\/2012\/12\/13\/discovery-tf1-inch-closer-to-finalizing-deal\/","title":{"rendered":"Discovery &amp; TF1 Inch Closer to Finalizing Deal"},"content":{"rendered":"<p><span style=\"font-size: small\"><span style=\"font-family: Verdana\">PARIS: TF1 and Discovery Communications have confirmed that they are in the process of finalizing exclusive negotiations to form a strategic alliance, part of which would see Discovery taking a 20-percent interest in the Eurosport group. <\/span><\/span><\/p>\n<p><span style=\"font-size: small\"><span style=\"font-family: Verdana\">There are three key areas that the alliance would focus on, one of which is the development of future activities at Eurosport. Initially, Discovery would gain a 20-percent stake in Eurosport International and Eurosport France for around $221.6 million. In two years&#8217; time, Discovery could up that interest to 51 percent. Eventually, Discovery could take over full ownership. <\/span><\/span><\/p>\n<p><span style=\"font-size: small\"><span style=\"font-family: Verdana\">Another key focus is on the development of pay-TV&nbsp;content for France, in particular with the output of documentary, magazine and current affairs channels. Discovery would receive a 20-percent interest in the TV Breizh, Histoire, Ushua\u00c3\u00afa TV and Styl\u00c3\u00ada channels, for around $18.2 million. It could also up these interests to 49 percent in two years. <\/span><\/span><\/p>\n<p><span style=\"font-size: small\"><span style=\"font-family: Verdana\">In the production arena, the proposed alliance would would see TF1 Production working on magazine and documentary programs. <\/span><\/span><\/p>\n<p><span style=\"font-size: small\"><span style=\"font-family: Verdana\">The companies said that an agreement is expected to be firmed up in the coming weeks. <\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PARIS: TF1 and Discovery Communications have confirmed that they are in the process of finalizing exclusive negotiations to form a strategic alliance, part of which would see Discovery taking a 20-percent interest in the Eurosport group. There are three key areas that the alliance would focus on, one of which is the development of future &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[69],"tags":[],"class_list":["post-4382","post","type-post","status-publish","format-standard","","category-top-stories"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Discovery &amp; TF1 Inch Closer to Finalizing Deal<\/title>\n<meta name=\"description\" content=\"Discovery &amp; TF1 Inch Closer to Finalizing Deal . PARIS, December 13: TF1 and Discovery Communications have confirmed that they are in the process of finalizing exclusive negotiations to form a strategic alliance, part of which would see Discovery taking a 20-percent interest in the Eurosport group. . 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