TF1: Oddo still a buyer
(CercleFinance.com) - In a detailed report released on Tuesday morning, Oddo has renewed its "buy" rating on the TF1 stock, along with its target price of 14.
5 euros, with the media group currently in the middle of a standoff with telecom operators.
The group wants to make them pay for the broadcasting of its free-to-air channels (TF1, TMC, TFX, TF1 Séries Films and LCI) in exchange for a new premium offer enriched around start-over services (possibility of returning to the beginning of a program being broadcast) and enriched catch-up (replay available beyond 7 days after initial broadcasting, previews, content in 4K quality, multi-screens).
Although Bouygues and SFR have agreed to sign new agreements (financial terms are still confidential), Canal+, Orange and Free have rejected the terms proposed by TF1, the broker said, and Canal+ even decided to stop broadcasting its content on 1 March.
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