Logos of French television networks TF1 and LCI are seen at the Boulogne-Billancourt headquarters, near Paris, France, April 18, 2016.
REUTERS/Charles PlatiauMILAN, Sept 19 (Reuters Breakingviews) - A French attempt to join forces against video streaming giant Netflix (NFLX.O) has fallen flat.
“Top Chef” channel M6 (MMTP.PA), controlled by Germany’s RTL (AUDK.LU), and Bouygues-backed (BOUY.PA) rival TF1 (TFFP.PA) announced in May 2021 they were planning a merger.
With 3.4 billion euros of combined revenue, the tie-up was meant to create a French TV leader.
The failed merger is a bad signal for European broadcasters.