Network merges six division into single entity
PARIS — Gallic TV network TF1 is investing €133 million into the restructuring of its content-production activities by merging six divisons into a single entity.
The group is eliminating its six production arms — Alma, TF1 Pub Production, Glem, Quai Sud and TAP — to create five departments that will focus on mags, fiction, variety, spectacles and specials.
“We were lacking efficiency,” said Edouard Boccon-Gibod, who’ll head the new entity. “We now strive to be more self-sufficient and focus on our own content-production, and especially French fiction.”
The group’s consolidated revenues have fallen by 4.7% in the first half of this year, while ad coin decreased by 3.6%.
The new fiction department is launching the daily soap “Seconde Chance” this fall, while the variety unit will kick off the “Comedy Awards Show,” co-produced by Paris-based shingle Calt.
The entity, which has not yet been named, will be finalized in January.