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French streaming JV gets regulatory approval

The French Competition Authority approved the planned streaming joint venture between TF1 Group SA, Groupe M6 and France Télévisions SA.

Video-on-demand platform Salto will launch in the first quarter of 2020, according to an Aug. 12 news release.

The French broadcasting companies intend to pool their resources to develop the platform in the face of international competition.

The companies have committed about €45 million to the project, Bloomberg News reported.