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TF1 (EPA:TFI) - Newen has acquired Reel One

Directive transparence : information réglementée Opérations de l'émetteur (acquisitions, cessions...)

11/07/2019 18:04

Press release

Paris, 11 July 2019

Newen has acquired Canadian company Reel One, a global leader in the production
and licensing of television films

Newen has acquired a majority stake in Reel One, a leading player in the
production and licensing of scripted content for the North American and global
markets. With 90% of its revenue generated outside of Canada, Reel One is an
international player with strong growth prospects in the thriving television
films and more recently series sectors. The Canadian group develops, produces
and licenses programmes for the leading commercial channels in the US, Europe
and the rest of the world, as well as SVOD platforms. The content created and
licensed by Reel One is watched by millions of viewers around the world.

For Newen, Reel One constitutes a high-potential asset that will enhance its
audiovisual production and licensing operations.

Newen will benefit from great synergies with Reel One, such as the significant
volume of original English-language productions, the diversity of genres and
the geographical reach of its distribution network. This year the company will
deliver over 75 TV movies, including top-rating crime thrillers, romantic
movies and Christmas movies.

The TV movie has become an essential and high-quality genre thanks to its level
of production, casting and filming locations... generating large audiences.

This acquisition also brings new opportunities for Newen in the production of
drama series and in terms of access to North American and British talent.

Founded in 2001 by Tom Berry, Reel One is headquartered in Montreal with
offices in Los Angeles, London, Toronto and Vancouver. Newen has acquired a
majority stake in all of Reel One's activities. The Canadian production
activities, for their part, will be housed in a subsidiary under Canadian
control (with a minority stake held by Reel One). Tom Berry, who will continue
to hold a minority stake in the group, will continue in his role as CEO of Reel
One within the Newen group.

Newen's acquisition of Reel One is subject to approval by the Department of
Canadian Heritage, pursuant to the ICA (Investment Canada Act).

For Bibiane Godfroid, CEO of Newen: "This is a very dynamic period. The
acquisition of Reel One brings new opportunities for us. Numerous synergies are
possible with the group's companies and we look forward to developing them with
Tom Berry and his teams".

For Romain Bessi, Newen Managing Director: "The group is further accelerating
the international development strategy it initiated last year. After Pupkin,
Nimbus and De Mensen, the acquisition of Reel One will help diversify and
strengthen our model, notably in English-speaking territories - North America
as well as the UK. I firmly believe this operation has the potential to create
significant value for our group."

For Tom Berry, founder and CEO of Reel One: "This is an exciting development
for Reel One, as we continue to grow our business beyond North America and
build on our strong relationships in Europe. With our strength in the English
language speaking world and Newen's impressive portfolio of European scripted
content, this is a truly complimentary partnership. We look forward to working
closely with Romain and Bibiane and all of the incredible talent within the
Newen family of companies."

About Newen
Founded in 2008, Newen is a subsidiary of the TF1 Group and France's leading
producer and distributor of audiovisual content, with significant international
operations. Newen creates programmes for all sector players, including public
and private channels and digital platforms. It is also a leading audiovisual
distributor in France and outside France, with more than 1,000 hours of
programmes produced per year and a catalogue of more than 5,000 hours of
programmes internationally.

About Reel One
Based in Montreal with offices in London, Los Angeles and Vancouver, Reel One
develops, finances, produces and markets telefilms and series for a global
audience. Formed in 2001 by media entrepreneur Tom Berry, Reel One is one of
the most dynamic independent players in audiovisual production and licensing.
Already a leader in the telefilm sector, Reel One recently began operations in
the production and licensing of televised series.

PRESS CONTACTS

Sandra Tricot +33 6 65 85 85 65 stricot@kbzcorporate.com
Karine Zimeray +33 6 09 15 65 14 kzimeray@kbzcorporate.com