Endemol Shine Group, the team behind the likes of major hit shows Big Brother, MasterChef, Black Mirror and Peaky Blinders is to be acquired by the French production house Banijay Group.
The deal was formally announced on Saturday, however only rumours surround the amount that the deal has been done for, with some sources citing a figure of $2.2 billion.
The acquisition will see the formation of a new goliath on the global production scene, bringing almost 200 units across Europe and the US together under the overarching Banijay business. It also secures close to 100,000 hours of content.
Banijay has stated that the total pro-forma revenue of the combined group is expected to be around €3 billion for the year ending December 31st.
The acquisition will be financed through a capital increase of Banijay Group and committed debt financing. The firm is led by CEO Marco Bassetti and was founded 11 years ago. It’s now one of the largest independent TV producers.
“Endemol Shine brings an incredible array of industry-leading talent, globally renowned brands and high quality creative content,” said Bassetti. “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.”
Endemol Shine’s CEO, Sophie Turner Laing, added: “At Endemol Shine, we have continually inspired and entertained audiences around the world, a testament to every single person across the Group.
“This deal takes us into a whole new and exciting chapter and into a new enhanced global content house with many opportunities ahead.”