France’s TF1 Group and U.S. company Discovery Communications have entered into exclusive negotiations for a strategic alliance.
According to a brief statement issued by Discovery, the partnership would be geared towards “driving the growth” of sports network Eurosport, which is a division of TF1 Group; enhancing the pay-TV offerings of both companies in France; and “developing a mutually beneficial content production relationship.”
The statement acknowledged that the alliance “would include investments by Discovery in some of these key businesses,” but offered no further details.
Meanwhile, the Wall Street Journal is reporting that Discovery is planning to pay “several hundred million dollars” for a minority stake in Eurosport, but that the company has no intention of producing sports content, according to sources. A spokesperson for Discovery Communications told realscreen there was no further comment to be made beyond its initial statement.
Eurosport is currently in 130 million households in Europe. Besides Eurosport, TF1 Group’s pay-TV offerings include TV Breizh, Ushuaïa TV, Histoire, Stylía and LCI.