French merger bid to take on Netflix set to run into competition watchdog flak

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

United States News News

The French Competition Authority raised concerns in advertising over a tie-up between Television Francaise 1 and Groupe M6 that are threatening the deal

A proposed merger between two of France’s biggest television companies to better compete with fast-growing streaming services such as Netflix looks increasingly unlikely in the face of regulatory opposition.

TF1 and M6 are defending the plan in front of the regulator on Monday and Tuesday. They may well bring up recent decisions by streaming giants Disney+ and Netflix to add cheaper subscriptions that include ads to make their case. Representatives from TF1 and M6 declined to comment. The head of M6, Nicolas de Tavernost, made it clear in a Telerama interview last week that he was still willing to convince the authority, saying the French now spend more time on YouTube than on TF1.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States United States Latest News, United States United States Headlines