Television

Discovery gets controlling stake in Eurosport France

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/tv-images/2015/04/02/tv%20ppl.jpg?itok=8MN7_pra

NEW DELHI: Discovery Communications has completed the acquisition of a controlling interest in Eurosport France to consolidate further Europe’s leading sports entertainment group. 

Discovery increased its interest in Eurosport France to 51 per cent from 20 per cent as part of a larger strategic partnership with TF1 Group that began in December 2012.



 

Discovery took a controlling interest in Eurosport International to build scale across Europe and Asia, and add valuable sports content to its global media assets spanning more than 220 countries and territories.

The closing price in 2014 for Eurosport International was based on an average enterprise valuation for the Eurosport Group of approximately €900 million, partly corresponding to the initial valuation and partly to a higher valuation linked to the control of the company. At that time, the value of Eurosport France (€85 million) was deducted. TF1 retains the ability to exercise a put option over the remaining 49 per cent in the now combined Eurosport Group, which, if exercised, would increase Discovery’s ownership to 100 cent.

“I am more excited than ever about Eurosport. Bringing the French business and its talented employees back into the larger organisation illustrates Discovery’s commitment to building on the success of this great brand. Since acquiring a controlling interest last May, Discovery has made a series of strategic investments to enhance Eurosport’s offerings with affiliates, advertisers and audiences. We are ambitiously strengthening Eurosport by bringing exciting sporting events to local fans across Europe and Asia. I would like to thank TF1 for its great stewardship and continued partnership,” said Discovery Communications president and CEO David Zasla. 

“We are pleased with the consolidation of Eurosport France under Discovery Communications’ leadership. Eurosport Group is performing well and will continue to benefit from Discovery’s strategic investments and expertise around the world,” added TF1 Group chairman and CEO Nonce Paolini.

Over the last 10 months, Discovery and Eurosport have signed numerous sports rights deals – from Major League Soccer, Spanish cycling, winter sports and FIFA Women’s World Cup across Europe, to Moto GP in Germany, Belgium and Netherlands – to strengthen the Eurosport channels with compelling sporting events.

“Eurosport France is a cornerstone of the Eurosport Group and will continue to be an important business for us, with dedicated teams and resources in the key French market, where Eurosport is headquartered. Furthermore, Eurosport France and its employees will benefit from rejoining the larger organisation and Discovery’s 30 years as a global media company. We can now truly operate as one team and I am thrilled with the progress we are making. We are really just getting started,” said Eurosport CEO Peter Hutton.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/16/irra.jpg?itok=HbcXocFG
IRAA Awards Now accepting nominations

In its 12th consecutive year, the Indian Recording Arts Academy Awards (IRAA) 2018 will be hosted alongside the PALM Expo 2018 at the Bombay Exhibition Centre. The awards will once again recognize exceptional skills in music, soundtrack recording and mixing in Indian music for albums and movies.

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/16/network18a_2.jpg?itok=UB6MjyrR
Network 18 PAT at Rs 114 million

Network18 Media & Investments (Network18) reported a marked improvement in its numbers for the quarter ended 31 December 2017. The consolidated revenue (net of revenue from joint ventures and associates) for the company declined marginally by 1.8 per cent year-on-year (yoy) to Rs 3660 million...

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/16/bbc.jpg?itok=D-KQbcCd
Get Intriguing Insights into the human mind with 'Meet the Humans' on Sony BBC Earth

If you think human behavior is predictable, think again. In ‘Meet the Humans’, a show on Sony BBC Earth, starting January 22, at 8pm, a trio of experts led by Dr. Michael Mosely take a microscopic look at the human behavior and discover how incredibly unpredictable and complex humans are.

Television TV Channels Factual & Documentary
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/16/tv18.jpg?itok=9obzztU8
TV18 profits decline in third quarter

TV18 Broadcast Ltd (TV18), the subsidiary of the Mukesh Dhirubhai Ambani-controlled Network18 Media and Investments Ltd (Network 18), reported consolidated total income of Rs 10 crore for the quarter ended 31 December 2017 (Q3-18) as compared with income of Rs 23.6 crore for the corresponding year...

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/16/sameer.jpg?itok=FzSr16mH
Applause Entertainment to produce series on 2016 surgical strikes

MUMBAI: Applause Entertainment is making all the right moves.

Television Production House Non-Fiction
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/16/SonyLiv.jpg?itok=Jywzm6hT
Sony Six rakes in ad rev from BBL despite slow start

MUMBAI: The second most popular domestic T20 cricket tournament in the world after Indian Premier League (IPL) is Australia’s Big Bash League (BBL). The Cricket Australia rights, which were with Star India from 2011-12 to 2016-17, have now been acquired by Sony Pictures Network (SPN) India for the...

Television TV Channels Sports
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/16/gurjeev.jpg?itok=nTzETBBg
Star India gets aggressive with global programme syndication sales

MUMBAI: Leading Indian media and entertainment major Star India is quite confident that its new catalogue of historical dramas and contemporary soaps and series will gain traction as it continues with its international syndication drive.

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/15/master-chef.jpg?itok=ds-D89hr
Season 8 of the drama-packed reality cooking series, MasterChef U.S. premieres on Star World

Viewers are in for a delectable treat as world renowned celebrity Chef Gordon Ramsay returns to the small screen along with celebrated American chef and television personality Aaron Sanchez and chef, author and television personality Christina Tosi in the latest season of MasterChef U.S. that will...

Television TV Channels English Entertainment
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/15/ipl.jpg?itok=rN4vcMFU
Star and BCCI pull out all stops to make the VIVO IPL 2018 Retention event - an unprecedented success

The VIVO IPL 2018 Retention event, broadcast for the first time in its 10-year history, had cricket lovers riveted across television sets and mobile devices and set social media abuzz with mentions and conversations that came close to rivalling those of full-fledged T20 India matches.

Television TV Channels Sports

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories