Couv Activité.qxd 27/05/02 9:57 Page 1 Annual report May 2002 Activity report 2001 Télévision Française 1 A public limited company (“Société Anonyme”) with a share capital of €42,399,216 RCS Nanterre B 326 300 159 TF1 1, quai du Point du Jour 92656 Boulogne Cedex / France Tel: (33) 1 41 41 12 34 e-mail: [email protected] Internet: http://www.tf1.fr RA - ANGLAIS (1) 27/05/02 8:25 Page 1 Table of contents Activity report 1 Chairman’s statement 2 2001 highlights 4 Group activity 6 Board of directors, auditors 22 Directors’ report 24 Five year financial record 40 RA - ANGLAIS (1) 27/05/02 8:25 Page 2 Chairman’s statement 2 Activity report Dear Shareholders, 2001 has been a transition year for the TF1 During this period, TF1 Group reinforced its From now on, our website builds on a three- Group. In spite of the slow down of the asset portfolio through: fold business plan based on the sale of content, French economy, the decrease of household paying access and advertising. consumption, the bursting of the “Internet bubble”, as well as a disturbed international Broadcasting Moreover, at the end of December 2001, TF1 context, TF1 Group strengthened its increased its stake in Télévision Par Satellite positions: At the European level, TF1 completed the (TPS) from 25% to 50% through the acquisition and restructuring of Eurosport, a acquisition of the shares of France Télévision • the decrease in turnover has been offset by a real driver of development for the Group, in and France Télécom. This operation will be significant improvement of TF1’s advertising sport and internationally. In France, Série completed in 2002. Such reinforcement market share versus 2000, Club, of which we acquired 50% in January reflects our confidence in the future and the 2001, and TF6 both successfully strengthen profitability of this modern and efficient • thanks to the reorganisation of TF1 Group’s our complementary offer of programmes. distribution platform. assets and to two years of external growth, diversifications now represent 35.6% of total Your Group is at the same time working on revenues. Distribution the distribution of content and services through high-speed phone line (ADSL). e-TF1, our Internet portal, achieved its objectives in terms of pages viewed and visits, and also from a financial point of view, with a significant reduction of its losses. Shooting of “Navarro” ❶ ❷ RA - ANGLAIS (1) 27/05/02 8:25 Page 3 Chairman’s statement Activity report 3 ❹ Finally, TF1 will participate (directly or In 2001, TF1 Group has developed and In conclusion, TF1’s consolidated revenues indirectly) in the bids for Digital Terrestrial launched new parlour games: Who wants to be a should grow in 2002 by more than 10% Television frequencies, a new means of millionaire?, AttaKube and Tir et But, for which thanks to the consolidation of 50% of TPS, distributing programmes which in the long a World Cup edition is already available. What and to the revenues from the World Cup. run will replace the analogue TV we currently is more, TF1 bought the video rights for the In terms of advertising revenue, the prospects use. film The Lord of the Rings, and acquired the are unclear but growing audiences support exclusive rights for France of the World Cup the encouraging figures of the beginning of Production and acquisition of content 2002 as well as the free to air broadcasting the year. These factors allow us to believe in a rights for the best 24 matches of the Football take-up in advertising spend during the second Success was encountered not only by Tanguy, World Cup 2006. In 2002, the games will be half. TF1 is well placed to take advantage produced by Téléma (49% owned by TF1), broadcast on TF1, LCI and Eurosport France, of this. but also by the 11 films co-produced by TF1, and exploited in combination with other which have each scored more than 1 million divisions of the Group: music, merchandising, Backed by your support, and confident in our theatre entries in 2001. This confirms the phone-based services, etc. in order to extract prospects, we will again this year be proud Group’s commitment to cinema. the most value from this event. to honour the trust you have placed in TF1. Patrick Le Lay Chairman and Chief Executive Officer ❸ ❶ Hé Harnold ! ❷ Julie Lescaut ❸ Astérix contre César ❷ ❹ Navarro RA - ANGLAIS (1) 27/05/02 8:25 Page 4 2001 highlights 4 Activity report ❶ Passeur d’enfants ❷ Le Maillon faible ❸ Cazas ❶ JANUARY FEBRUARY MARCH APRIL MAY JUNE • TF1 acquired • Journalists and • Two “Oscar” • Consolidation of tf1.fr • Diamond record (one • Industrial partnership the totality of Canal+ reporters entered the nominations for The and eurosport.fr for sports million copies sold) for the agreement signed by TF1 and Havas Images digital era with “process Contender, a feature film news. album Jusqu’au bout de la Group and Endemol shareholdings in the news”. distributed by TF1 • Peugeot acquired from nuit by Emile et Images, Entertainment. Eurosport group. Eurosport • Release of La Vérité International. TF1 Licences the usage produced by Une Musique. • According to the 6th EMS International and Eurosport si je mens 2, which • Télétoon reaches more rights for the Ushuaïa The live album of Emile study (European Media France are now 100% attracted some 7.9 million French households thanks Nature brand for its et Images at the Olympia & Marketing Survey), owned by TF1. spectators1. to an agreement with “Partner” vehicle. received a golden record. Eurosport further • New Eurosport • Internet partnership cable operator UPC. • LCI now reaches • Partnership agreement strengthened its audience programme grid and between Crédit Agricole 150,000 new subscribers signed between e-tf1 leadership of pan- new identity. and TF1. www.tf1.fr is thanks to a contract and 6ème sens, the mobile European channels. • Major re-design and now content provider for between TF1 Digital and services portal of • TF1 extended for three new version of the the bank’s portal. the cable operator UPC Bouygues Télécom. years its rights in Téléfoot; website www.tf1.fr • Reportages celebrates France. • Who wants to be a which was created by TF1 • Release of the film Le its 700th edition. millionaire? launches and has been broadcast Placard by Francis Weber, • Le Pacte des loups by the version of the game for more than 20 years. co-produced by TF1 Films Christophe Gans and co- for couples. • Success of Production. The audience produced by TF1 Films • Largest audience of the Méditerranée, the TF1 exceeded 5.3 million1. Production attracts over year achieved by a French summer fiction drama. 5.2 million spectators1. movie: 11.7 million • TF1 stock enters the viewers for Le Dîner de ASPI Eurozone® share cons, an audience share of index, managed by Arese, 50.3% on individuals aged a social and environmental 2 ❺ 4 and above . rating agency. ❹❻ ❹ Astérix contre César ❺ Hé Arnold ! ❻ Le Pacte des loups ❼ Eurosport - Anna Kournikova ❽ Tir et But and AttaKube (1) Source: Le Film Français - number of spectators for the duration of the film’s showing. (2) Source: Médiamétrie. (3) Source: Cybermétrie - December 2001. RA - ANGLAIS (1) 27/05/02 8:25 Page 5 2001 highlights Activity report 5 ❷❸ JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER • Video rights acquired • The TF1 autumn • 1st anniversary of TV • TF1’s authorization to • For €168 million, TF1 • Success of the limited for Jean-Pierre Jeunet’s season grid Breizh, the small-scale broadcast was renewed acquired from the Kirch series collector pack of film Le fabuleux destin characterised by general-interest channel on October 5. The new group the exclusive Amélie Poulain. d’Amélie Poulain. innovation and real-TV. focused on Brittany TF1 licence agreement television rights for • TF1 announced the • TF1 Games created • Koh Lanta, an and the sea. took effect on January 1, the 2002 football World increase (effective in within TF1 Entreprises, adaptation of Survivor, • Launch of the 2002 and covers its Cup as well as the 2002) to 50% in its whose objective is to was broadcast during “premium” channel TPS activities through to April broadcasting rights for shareholding in TPS develop and market weekends on TF1. Star, produced by TPS 15,2007. the best 24 matches on the acquisition of parlour games. • TF! started the new and combining both the • Marketing of the of the 2006 World Cup, the stakes of France • Athletics world season off with a bang emotion of cinema and parlour games Tir et But with an option over Télévision et France championships at thanks to its new the passion for football. and AttaKube launched the remaining matches. Télécom. Edmonton broadcast on identity, new series and • Standard & Poor’s by TF1 Games. • Public release of • The new capital Eurosport in its entirety, 3D programmes. gave TF1 a long-term • Birth of two Tanguy, Etienne increase reserved for Eurosportnews and • The new MédiaCabSat “A” rating and a short- subsidiaries: Alma Chatiliez’s film produced employees brings their Eurosport.com. study confirmed the term “A-1” rating. Productions, whose aim by Téléma, co-produced combined stake in the supremacy of the • On Tuesday, is to provide “prime by TF1 Films Production TF1 capital to 2.9%. analogue channels September 11 following time” fiction dramas for and distributed abroad • La Musique, the (68.8% audience share) the terrorist attacks in TF1; and TAP (Tout by TF1 International; single by the students of in households equipped the US, TF1, LCI and Audiovisuel Productions), it notched up over the Star Academy, co- with cable and satellite e-TF1 took immediate specialising in producing 4.11 million admissions produced by Universal and released good action and provided magazine formats and by December 31.