afaqs! news bureauPublished: 29 Oct 2019, 10:46 AM
Media

Banijay to acquire Endemol Shine Group

Banijay Group announced that it has entered into a definitive agreement to acquire 100 per cent of the equity of Endemol Shine Group, which is co-owned by The Walt Disney Compan and funds managed by affiliates of Apollo Global Management. The acquisition, which is subject to customary closing conditions, including regulatory clearances and consultation with the relevant employee representative bodies, will encompass Endemol Shine’s 120 production labels with an estimated 66,000 hours of scripted and non-scripted programming together with over 4,300 registered formats.

Upon completion of the acquisition, Banijay Group will own almost 200 production companies in 23 territories and the rights for close to 100,000 hours of content. Total pro-forma revenue of the combined group is expected to be approximately €3 billion for the year ending December 31, 2019.

Boosting Banijay Group’s scripted credentials and further building its reputation as a go-to provider of high-quality unscripted IP, the combined catalogue is expected to include some of the world’s best known brands and formats such as Black Mirror, Versailles, The Millennium Trilogy, Peaky Blinders, Big Brother, MasterChef, Survivor, Temptation Island, Wife Swap and The Island. Furthermore, with a significantly broader brand portfolio, and larger creative platform, the combined group will be in an even stronger position to create, nurture and drive fresh IP for both linear broadcasters and new players.

"The acquisition will be financed through a capital increase of Banijay Group and committed debt financing, which includes a committed full refinancing of Banijay and Endemol Shine’s existing financial debt, supported by Deutsche Bank, Natixis and Société Générale. Postclosing, the combined group will be held by LDH (67.1%) and Vivendi (32.9%)," read's the studio's media statement.

Marco Bassetti, chief executive officer at Banijay, says in the press release, “Combining the resources of these two companies will instantly strengthen our position in the global market, and our capabilities across genres will further define us as a go-to provider of first class IP worldwide. Welcoming the Endemol Shine brands and talents to our existing business will signal enhanced opportunities in the marketplace, and we are all excited by what the future holds for the combined entity.”

Sophie Turner Laing, Endemol Shine Group Chief Executive Officer, adds: “This deal takes us into a whole new and exciting chapter and into a new enhanced global content house with many opportunities ahead.”