Overview
- Each side will own 50% of the combined producer, which will operate under the Banijay name with Marco Bassetti as CEO, Jeff Zucker as chairman and Jane Turton as deputy CEO.
- On a 2024 pro forma basis, the group would have generated more than €4.4 billion in revenue and €690 million in adjusted EBITDA, with a catalogue exceeding 260,000 hours across roughly 170 labels in 25 countries.
- Closing is targeted for fall 2026 subject to regulatory approvals, with the new company’s earnings to be consolidated under Banijay Group.
- Management is targeting about €50 million in annual cost synergies within 12 months of closing by removing duplication in distribution, sales and central functions, while saying creative labels will be preserved even as some roles are likely to be cut.
- Executives framed the deal as a scale play in a consolidating market focused on IP ownership, and they did not rule out further M&A, with ITV Studios mentioned as a possible avenue in future discussions.