TF1 enjoys 4.1% jump in revenue
EmptyPARIS -- Strong ad sales, home shopping and Edith Piaf contributed to a 4.1% jump in Gallic media powerhouse TF1's 2007 annual revenue, the group said Thursday.
TF1 Group's consolidated revenue totaled 2.76 billion euros ($4.06 billion) for the year, thanks to a 67 million euros ($98.7 million) increase in broadcasting revenue. TF1, France's most-watched terrestrial TV network, maintained a steady ad revenue of 1.7 billion euros ($2.5 billion), up a slight 0.6% from 2006 after a strong fourth quarter.
Home shopping network Teleshopping Group saw its ad revenue jump 38.7% to 153.1 million euros ($225.5 million) thanks to "strong development of its internet activity and its new developments," TF1 said in a statement. French thematic channels made 188.6 million euros ($277.8 million) last year, also a dramatic rise from 2006 of 22.6%.
TF1 Group's audiovisual rights revenue hit 27.2 million euros ($40.07 million), a 11.3% increase from 2006. The group's catalog activity grew by 22.1% to 101.4 million euros ($149.4 million), thanks to strong box office performances for Edith Piaf epic "La Vie en Rose," which has sold more than 5.2 million tickets since its February release in Gaul.
International broadcasting revenue rose 6.1% to 15.7 million euros ($23.13 million), with sports network Eurosport seeing a 5.2% jump in revenue.
TF1's full year financial statements will be published Feb.20 after market close.