A woman recalled 'putting on a brave face' after allegedly being raped by Benjamin Mendy at his home, a jury has heard. The trial of the Manchester City defender continued at Chester Crown Court today (August 24).
05.08.2022 - 11:35 / deadline.com
European broadcasting giant RTL Group has reaffirmed its belief the merger of its French subsidiary M6 with local rival TF1 must go ahead to keep competing with the likes of Netflix, Disney+ and Amazon.
The merger is under threat after France’s competition authority raised concerns about the deal, which would unite Bouygues-owned TF1 and RTL’s M6, both leading commercial broadcasters in the country. A plan to merge RTL Nederland with Dutch broadcaster Talpa Network is also being looked into by local competition watchdogs.
In RTL Group’s half-year financial results revealed this morning, CEO Thomas Rabe addressed the situations as the company posted H1 revenue of €3.28BN ($3.35BN). “We expect the competition authorities in France and the Netherlands to decide on the proposed combinations of both Groupe TF1 and Groupe M6, and Talpa Network and RTL Nederland in autumn,” he said. “We remain convinced that market consolidation is necessary to compete with the global tech platforms.”
RTL and Bouygues plan to address the French competition authority midway through this month, with hearings scheduled for September 5 and 6. A final decision on the merger is expected to follow in October.
Late last month, TF1 CEO Giles Pelisson raised alarm bells when he said: “The dream we shared is not necessarily shared by the competition authority. On that basis, before the dream becomes a nightmare, there also needs to be a reality check, around the fact this dream may not happen.”
A decision on the Talpa deal is expected this fall.
RTL & Fremantle post growth
Rabe’s comments come as RTL posted H1 revenue of up 8.7% on the same period last year. This was put down to strong performance from RTL Nederland, growing streaming revenue (up 21.5% to
A woman recalled 'putting on a brave face' after allegedly being raped by Benjamin Mendy at his home, a jury has heard. The trial of the Manchester City defender continued at Chester Crown Court today (August 24).
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Naman Ramachandran Bertelsmann’s Luxembourg-based media giant RTL Group, which owns Fremantle, has declared revenue of €3.26 billion ($3.35 billion) for the first half of 2022, a growth of 9% from the corresponding period in 2021.The RTL Group has interests in 56 television channels, eight streaming services and 36 radio stations. The group’s content business, Fremantle, is one of the world’s largest creators, producers and distributors of scripted and unscripted content, including “American Idol,” “Britain’s Got Talent” and “The X Factor.” Revenue at Fremantle was up 8% to €983 million.Adjusted group earnings before interest, taxes, and amortization (EBITA) for the group was up 3.7% to €501 million, “despite more challenging macroeconomic conditions and higher streaming start-up losses,” RTL said in a statement.
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Elsa Keslassy International CorrespondentMerger plans between French TV banners TF1 Group and M6 Group are still on track despite concerns raised in a preliminary report by the French Competition Authority, which has been reviewing the case for over a year.TF1, which is owned by Bouygues, and M6 Group, which is part of Bertelsmann-owned RTL Group, unveiled their merger plans to form a $4-billion European media powerhouse back in May 2021.However, the listed companies said in a release on July 26 that the French Competition Authority’s investigation teams “consider that the deal raises a number of significant competition concerns (especially in relation to the advertising market).”The banners added that although the report “in no way predicts the final decision of the authority’s board, the nature and extent of the remedies required in the report would mean that the merger plans would no longer be meaningful for the parties involved and they would therefore abandon them.” But it’s still too early for alarm bells.A well-informed source that’s close to the French TV outfits told Variety that it’s natural for TF1 and M6 to communicate on this report from the anti-trust board and inform shareholders because both companies are listed in the stock market. The source highlighted that the anti-trust board’s review process takes place in two phases, the second of which will issue a final decision following hearings with both parties.They cited the example of Fnac and Darty, two major French retail chains whose merger had also raised concerns from the anti-trust authorities.