Cryptic crossword clue
Fast-rising TV company playing loud music, and French being gripped 12

The most common and most likely answer to this crossword clue is the 12 letter word SKYROCKETING

I've seen this crossword clue in The Daily Telegraph
S
K
Y
R
O
C
K
E
T
I
N
G

Buddy explains!

The straight part
We know that "Fast-rising" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case fast-rising = skyrocketing.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does SKYROCKETING mean?

SKYROCKETING verb
  1. To increase suddenly and extremely; to shoot up; to surge or spike.

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