Banijay Group is to acquire Endemol Shine Group to create the world’s largest production group outside the US.
The French production and distribution company landed on a definitive agreement to acquire Endemol over the weekend, fighting off competition from other suitors including Discovery-owned All3Media.
Banijay Group, backed by French media investment giant Vivendi, take the reins from Apollo Global Management and Disney, which picked up its stake in the company through the 21st Century Fox merger.
Sophie Turner Laing, CEO of Endemol Shine Group, says the deal “takes us into a whole new and exciting chapter and into a new enhanced global content house with many opportunities ahead”.
No financial details were officially divulged, but the deal is estimated to be around $2.2bn, according to sources who spoke to TBI Vision.
Endemol Shine Group is Europe’s largest independent production company. Its catalogue of more than 800 shows spans global drama hits like Peaky Blinders and Black Mirror, and some of the world’s best-selling formats, such as Masterchef and Big Brother.
Banijay CEO Marco Bassetti says: “Endemol Shine brings an incredible array of industry-leading talent, globally renowned brands and high-quality creative content. 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.”
The acquisition, which is subject to regulatory approval, bring 100 per cent of Endemol – it’s 120 production companies and estimated 66,000 hours of content – under the Banijay banner. The combined company will own the rights to almost 100,000 hours of content from 200 studios in 23 territories around the world. Total revenue of the newly formed company is expected be in the region of $3.6bn for 2019.