PARIS — Two of Paris’ main television production companies are set to merge. Tele Images and GTV (previously Gaumont Television) have bought out Gaumont’s majority stake in GTV.
Gaumont decided to unload its TV division last year to concentrate on film production, distribution and the building of new multiplexes.
GTV chairman Christian Charret and his Tele Images counterpart, Simone Halberstadt Harari, plan to use their pooled resources to produce primetime drama, as well as day- and primetime series and movies. Distributionwill be handled by Tele Images International.
With annual revenue of around $48 million, GTV controls a 500-hour catalog, including several series designed specifically for the international market (“Highlander,” “Tales of the South Seas,” “Raven”). Tele Images, which is backed by the NatWest bank, Kleinwort Benson and French group Havas, has annual revenues of about $64 million and has developed a solid reputation in telepics, docus, animation and light-entertainment shows.