×
You will be redirected back to your article in seconds

Banijay Raises $416 Million; ‘Survivor’ Deal Closes Within Weeks

Banijay Group has raised €365 million ($416 million) and will use part of the cash to pay for Castaway Productions, the company part-owned by Bob Geldof and that owns “Survivor.”

Banijay moved to acquire “Survivor” in late March and that deal will now close by the end of the month, the company told Variety, giving the France-based international producer and distributor one of the best-known unscripted properties in TV.

The new injection of cash comes in the form of a five-year bond. Announced at the end of June, the bond issue has now been completed. Banijay said that the cash will be used to finance the deal for Castaway and to refinance the debt it accrued as a result of its merger with Zodiak.

The company would not break out how much of the bond issue would be spent on Castaway, which is owned by Charlie Parsons, Waheed Alli and Geldof.

The trio kept the rights to the “Survivor” format when they sold their Planet 24 production company to ITV. It was Parsons who created “Survivor” in the 1990s, and it is still on air in numerous countries. In the U.S., “Survivor: Game Changers” is on CBS.

The deal means U.K.-based Banijay Rights will have “Survivor” in its lineup for MIPCOM in October, the biggest TV market of the year. It already distributes physical game show “Fort Boyard” and adventure expedition series “71 Degrees North.”

The bulk of the new cash is, however, expected to be used to cover the debt taken on as part of the Banijay and Zodiak merger.

That deal closed early last year and led to the creation of an international TV business with estimated revenues of about €1 billion. It is controlled by Stephane Courbit’s Lov Group alongside De Agostini. Vivendi also has a 26% stake in the business.

“Versailles” and “Keeping Up With the Kardashians” are among Banijay’s major properties, and it has production companies in 13 different countries.

TBI first reported that Castaway was being sold.

More TV

  • ‘Hitsville: The Making of Motown’ Acquired

    ‘Hitsville: The Making of Motown’ Acquired by Showtime for U.S.

    Polygram Entertainment, Universal Music Group’s film and television division, along with Capitol Music Group, Motown Records and Fulwell 73 announced today that “Hitville: The Making of Motown” has been acquired by Showtime for release in North America with plans for a fall premiere, and Altitude for theatrical release in the UK and Ireland. The feature-length [...]

  • Game of Thrones Cast

    What's Next for 'Game of Thrones'' Cast Members

    Eight years and eight seasons later, the “Game of Thrones” cast finally has some downtime to relax or move onto other projects. Some stars, like Kit Harington, who told Variety that he doesn’t plan on taking another role as physically demanding as Jon Snow, certainly deserve a break, but others have wasted no time getting back on [...]

  • 'Fleabag' Season 2 Review: How Its

    'Fleabag': Season 2’s Top 10 Breaks From Reality, Ranked (Column)

    The searing first season of “Fleabag” felt like a complete story in and of itself. As adapted from Phoebe Waller-Bridge’s one-woman show, the series expanded on the world of a woman wild with lust and grief with such expert ease that by the time it ended, even Waller-Bridge herself was sure that it was the [...]

  • Richard Madden Says 'Game of Thrones'

    Richard Madden Says the 'Game of Thrones' Cast Deserves a Medal

    Richard Madden is thankful for his time on “Game of Thrones,” but is also happy to have been able to move on when he did. The “Bodyguard” star sat down with “Sharper Objects'” Amy Adams for Variety’s Actors on Actors, where he expressed some incredulity at the idea of spending so long with just one [...]

  • MEET THE PRESS -- Pictured: (l-r)

    Submissions Now Welcome for Third 'Meet the Press' Film Festival

    Chuck Todd’s quest to bring “Meet the Press” to the movies continues. The third annual Meet the Press Film Festival, held in collaboration with the American Film Institute, will take place on October 6 and 7 in Washington, D.C., and remains a haven for issue-focused documentary shorts. Todd believes the event serves a critical mission: [...]

  • Winner of the 2019 Eurovision Song

    Netherlands' Duncan Laurence Wins 2019 Eurovision Song Contest

    Madonna’s controversial performance may have grabbed the headlines, but Duncan Laurence won the nearly four-hour-long 2019 Eurovision Song Contest for the Netherlands with the song “Arcade,” which he cowrote with Joel Sjöö and Wouter Hardy. Laurence won a total of 492 points from the expert juries and televoters in a contest that was touch and [...]

More From Our Brands

Access exclusive content