Could Banijay-All3Media Look to Buy ITV Studios Next? “Consolidation Is the Name of the Game”
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"When you look at the Warner-Paramount deal, it's very easy to understand why you need to be big and global to be relevant in this sector," says Banijay Group CEO François Riahi.
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Share on Facebook Share on X Google Preferred Share to Flipboard Show additional share options Share on LinkedIn Share on Pinterest Share on Reddit Share on Tumblr Share on Whats App Send an Email Print the Article Post a Comment The megadeal of French production giant Banijay , the largest independent TV producer ( Peaky Blinders , Black Mirror , Big Brother , MasterChef , Survivor ), and U.K. production powerhouse All3Media ( The Traitors , Squid Game: The Challenge , Race Across the World , The Tourist , 1917 ) has just been unveiled. But industry observers are already wondering if U.K. TV giant ITV’s production arm ITV Studios could be next, given past reports that Banijay had been looking at a bid. ITV Studios hit franchises include the likes of Love Island , Disney+ series Rivals , The Voice , and Netflix’s Fool Me Once . Related Stories Movies Berlin Film Festival Boss to Accept New Advisory Board and "Antisemitism Code of Conduct" Business Banijay Group CEO on How AI, Rise of Creators Drove All3Media Deal: "More Scale, More IP, More Growth" The Banijay-All3Media merger has an enterprise value of $8 billion and was unveiled late Tuesday. Each company will own a 50 percent stake in the combined firm. Banijay CEO Marco Bassetti will become the CEO of the merged firm. All3Media, owned by the Jeff Zucker and Gerry Cardinale-led venture firm RedBird IMI, is led by CEO Jane Turton. Zucker will serve as chairman of the board of the merged company. The companies expect the deal to close in the fall. The deal brings together a range of production firms. Banijay’s banners include the likes of Kudos, Tiger Aspect and Shine TV. All3Media’s production brands include the likes of Lion Television, Objective Media Group, and Silverback Films. The companies expect cost synergies from the deal to amount to €50 million, or $58 million in current currency exchange rate. The firms say that the combined firm would have generated revenues exceeding €4.4 billion and adjusted EBITDA ...
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