TF1 Group Posts Positive First-Half 2022; Studio Reveals Newen Results & Addresses M6 Merger
deadline.comFrance’s TF1 Group has posted a positive set of results for the first half of 2022, as Covid-19 pandemic challenges which weighed on turnover in 2020 and 2021 continue to subside.
The results followed news on the Wednesday (July 27) that the France’s competition authority had raised concerned about the group’s plans to merge with the M6 Group.
The group’s six-month report operation suggested the operation remained a key project for the coming months, noting it had spent $6.8m (€6.8m) on related expenses to date.
Talking on the margins of the results announcement, TF1 Studios CEO Gilles Pélisson said both parties remained committed to the plan but were also open to the fact it might not go ahead. “The dream we shared is not necessarily shared by the competition authority,” he said. “On that basis, before the dream becomes a nightmare, there also needs to be a reality check, around the fact this dream may not happen.” For the six-month results, net profit rose 16.7% for the period to $127m (€126m) on a 5.2% rise in turnover of $1.2b (€1.186b).
Read more on deadline.com
