Banijay Entertainment and the Redbird IMI-owned All3Media have completed their $8 billion merger, creating what the two have described as “the world’s largest independent production company.”
even with Banijay’s Parisian roots, the combined company — which will go under the name Banijay Entertainment and be consolidated by Banijay Group — will be based in All3Media’s home of London, adding a further boost to the U.K.’s creative sector.
As was already known, Jeff Zucker will serve as Chairman, Marco Bassetti as CEO and Jane Turton as deputy CEO.
The merger brings together two already formidable TV giants, with Banijay behind the likes of “Big Brother” and “Peaky Blinders” and All3Media known for hit shows such as a “The Traitors.” The new entity has a footprint spanning 25 territories and houses one of the largest content catalogues in the industry, with more than 265,000 hours of content.
According to the company, on a combined basis, in 2025, the new Banijay Entertainment would have generated over €4.3 billion ($4.9 billion) in revenues and over $0.8 billion in adjusted EBITDA; with expected costs synergies of around $57 million to be achieved within one year of closing.
“The completion of this merger marks a new era in global entertainment and creates a new independent leader in that category,” said Zucker. “With Marco and Jane we have the finest leadership team anywhere and I am excited to watch the company grow. This also marks a milestone for RedBird IMI, in only its third year, to play such a leading role in the global entertainment stage.”
Source: variety.com
