Banijay acquires Endemol Shine
Joseph O'Halloran
| 28 October 2019

Creating in a long-expected deal what the parties claim will be a worldwide player in content production and entertainment, Banijay Group has entered into a definitive agreement to acquire all of the equity of Endemol Shine Group.

Banijay sees the purchase of the producer and distributor, co-owned by The Walt Disney Company and funds managed by affiliates of Apollo Global Management, as not only expanding its footprint but also consolidating its position as a leading home for talent and intellectual property.

It will now own a combined catalogue encompassing close to 100,000 hours of what it says are the world’s most sought-after TV shows and series from 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. The combined catalogue will include brands and formats such as Black Mirror, Versailles, The Millennium Trilogy, Peaky Blinders, Big Brother, MasterChef (pictured) , Survivor, Temptation Island, Wife Swap and The Island.

Total pro-forma revenue of the combined group is expected to be approximately €3 billion for the year ending 31 December 2019. With a broader brand portfolio, and larger creative platform, Banijay sees the combined group as being in a stronger position to create, nurture and drive fresh IP for both linear broadcasters and new players.

The acquisition is being 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. Post-closing, the combined group will be held by LDH (67.1%) and Vivendi (32.9%).

“Endemol Shine brings an incredible array of industry-leading talent, globally-renowned brands and high-quality creative content,” commented Banijay chief executive officer Marco 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 Group chief executive officer 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.”