France’s top commercial network TF1 has acquired a 70-percent stake in Fabrice Larue’s FLCP, the holding company of Newen, the Paris-based production powerhouse behind high-profile French TV shows such as “Braquo” and the upcoming skein “Versailles.”
The acquisition of Newen marks TF1’s move into production and underscores its new focus on international co-productions and distribution.
“In line with the strategy of TF1 to position itself on content, this operation aims at developing a new activity, independently from the group’s channels,” said TF1 in a statement.
Newen – the second biggest producer of fiction in France — owns Telfrance, Capa, Be Aware and 17 juin Me, and has a pact with another company called Mascaret Films. Telfrance produces the highest-rated French soap “Plus Belle La Vie” while “Capa” its the maker of shows such as Canal Plus’ “Braquo” or “Versailles,” among other series.
Besides its flagship channel TF1, the company operates TF1, TMC, NT1 et HD1, and ranks as Europe’s biggest commercial channel in terms of ratings. Its average market share reached 22.9% in 2014, a score unmatched by other nets in Europe.
Pelisson, who is the former president of Accor, Eurodisney and Bouygues Telecom, has just been named president of TF1 and will officially begin his tenure on Feb. 19.