Thursday 14 November 2019

French company buys production house Endemol Shine for €2bn

Hit: Black Mirror
Hit: Black Mirror

Gwénaëlle Barzic

French media firm Banijay will pay about €2bn for Endemol Shine, the production house behind television hits such as 'The Voice' and 'Black Mirror', creating a new leader in reality TV, game shows and TV series, sources said.

Banijay said it had entered into a definitive agreement to acquire 100pc of Endemol Shine.

Sources said the transaction was worth about €2bn. One source said the firm may launch an IPO from 2023 to benefit from the appetite for content from platforms such as Netflix.

Banijay founder Stephane Courbit headed Endemol France from 2001 to 2007 before launching his own firm. Current Banijay CEO formerly ran Endemol's Italian unit. (Reuters)

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