Breakingviews - Collapsed French merger sends bad TV signal

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A French attempt to join forces against video streaming giant Netflix has fallen flat. “Top Chef” channel M6 , controlled by Germany’s RTL , and Bouygues-backed rival TF1 announced in May 2021 they were planning a merger. With 3.4 billion euros of combined revenue, the tie-up was meant to create a French TV leader. Yet the companies abandoned the deal on Friday after domestic antitrust rules proved unsurmountable.

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We'll be seeing more of this. They'll be calling it 'the Netflix of flawed business models.'

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