THE TF1 GROUP IS INCREASING ITS STAKE IN PLAY TWO
Boulogne, July 9th 2019
TF1 GROUP IS CONSOLIDATING ITS UNIQUE POSITION IN THE FRENCH MUSIC
MARKET BY INCREASING ITS STAKE IN PLAY TWO
Following an exceptional Board meeting held today, the TF1 Group announces the early exercise of its option to increase its stake in Play Two, taking a majority interest of 51%.
Play Two, a music production and entertainment company founded in October 2016 by Julien Godin and Sébastien Duclos, has been the leading French independent label since 2017. The company supports the careers of popular artists such as Gim’s, MC Solaar, David Hallyday, Trois Cafés Gourmands and Kids United.
This movemenT is further illustrating TF1 Group's ambition to be a leading partner of the music industry and its talents, through the exposure of French and international talents on its channels, notably TF1 and TMC, and via its music-related subsidiaries: TF1 Musique (partnerships with record companies and artists’ producers), TF1 Spectacle (partnerships on live shows and with major event producers), Une Musique (music publishing and the Kaptain music library), and STS (management of the Seine Musicale venue).
Gilles Pélisson, Chairman and CEO, commented: "By strengthening our position in the music industry, we are once again affirming our ambition to be a key player in the entertainment industry. With Play Two, a growing label, we confirm our determination to play an even more active role in the artistic world by supporting innovative projects and very unifying talents. »
Julien Godin and Sébastien Duclos, co-founders of Play Two, commented: “In just a few months, Play Two has become a central player in the music and entertainment industry. Strengthening the TF1 group's stake in Play Two will enable the company to accelerate its development and offer artists and producers an even more efficient and tailored structure to keep pace with changes in the music and entertainment markets.”