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INDUSTRY France

Partnership in pipeline for UGC and TF1

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A strategic occasion conducive to international film announcements, the Cannes Film Festival is being used as a sounding board for the news of an agreement, in advanced negotiations, between two leaders of the French film industry: UGC and TF1.

The two groups are indeed planning to "join forces for the acquisition of film co-production shares through a co-investment procedure, and combine their theatrical distribution activities (for France) and international negotiations of audiovisual rights, with the setting up of two joint companies."

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This agreement would not include TF1’s Film Production arm, which pre-buys and co-produces French and European works due to the legal obligations for annual investment by French terrestrial TV networks.

In a press release, the two groups state that this collaboration would make it possible to "create competitive and attractive opportunities for financing and co-producing Francophone, European and international films."

(Translated from French)

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