×

Banijay in Advanced Talks to Acquire Endemol Shine

French TV group Banijay is in advanced talks to acquire production and distribution giant Endemol ShineVariety has confirmed.

The deep-pocketed Banijay Group, which is celebrating its 10th anniversary this year, is controlled by Stéphane Courbit’s LOV Group and De Agostini Group’s DeA Communications. French media giant Vivendi also holds a significant stake.

Endemol Shine, the Netherlands-based producer of “Big Brother,” “MasterChef” and “Black Mirror,” is jointly owned by 21st Century Fox and private equity fund Apollo Global Management. It was put on the block earlier this year.

Although a number of companies are believed to have expressed an initial interest in acquiring Endemol, the field has narrowed considerably in recent weeks. On Wednesday, ITV, the U.K.’s biggest commercial broadcaster, ruled out a bid, joining Fremantle in publicly disassociating itself from the Endemol sale. Sony has bowed out, and Endeavor, which took a look at Endemol, is not believed to have entered the sale process.

Buying Endemol “would be a big change for Banijay, as it would more than double in size,” said Tim Westcott, senior analyst at IHS. Although Banijay is present in 16 countries around the world, its footprint is light in some countries. Acquiring Endemol Shine, which has a network of 120 production companies in more than 20 territories, would allow Banijay to “increase its international reach,” Westcott said.

“Vivendi is now a significant shareholder in Banijay Group and is interested in expanding its international perimeter and they happen to have quite a lot of cash after a series of recent selloffs,” said Westcott, referring to Vivendi’s unloading of its shares in Ubisoft. In July, Vivendi also announced its intention to sell half of its shares in Universal Music Group.

Westcott noted that Courbit is very familiar with Endemol, having presided over Endemol France for several years.

Banijay CEO Marco Bassetti is also an old Endemol hand. He founded Endemol Italy in 1997, became chief operating officer of the Endemol Group in 2007 and then president in 2009 before stepping down in 2012.

Banijay’s revenue for the financial year ending in December 2017 was €846.6 million ($974 million), 22% of which was generated in France. Operating out of Paris, London and Copenhagen, Banijay boasts hit shows such as “Keeping Up With the Kardashians,” “Wife Swap,” “Survivor,” “Shipwrecked,” “Child Support,” “Occupied” and “Versailles.”

Endemol Shine’s operating revenue in 2017 was €1.84 billion ($2.12 billion), down from €1.89 billion ($2.17 billion) in 2016 and €1.98 billion ($2.28 billion) in 2015.

Cynthia Littleton contributed to this report.

More TV

  • The New York Times Building NYC

    The New York Times' Made-for-TV Endorsement Missed the Mark (Column)

    At some point during the New York Times’s special endorsement episode of its branded series “The Weekly,” the paper’s editorial board muses on the manner in which Donald Trump has changed how we envision what a potential president could look like. After the brief and energetic snippet we’re shown of a visit from candidate Andrew [...]

  • Jennifer Aniston accepts the award for

    SAG Awards: Jennifer Aniston Lands Apple TV Plus Its First Major Hollywood Win

    Apple TV Plus is on the board. The new streaming service won its first major Hollywood honor on Sunday, as “The Morning Show” star Jennifer Aniston picked up a SAG Award for best female actor in a drama. The win capped a busy Sunday for the streaming service, which held its first-ever presentation at the [...]

  • Curb Your Enthusiasm

    'Curb Your Enthusiasm' Music: How the Italian Tuba March Found Its Way to Larry David

    When “Curb Your Enthusiasm” returns for its much-anticipated 10th season it does so with it a musical theme that’s a prime example of recognizable sonic branding and has become synonymous with comedy in our complicated times: “Frolic” by composer Luciano Michelini. But surprisingly, this comic march for tuba, mandolin and piano wasn’t specifically written for [...]

  • Cho Yeo-jeong, Choi Woo-shik, Lee Jeong-eun,

    SAG Awards 2020: The Biggest Snubs and Surprises

    The Screen Actors Guild Awards are always the first peer group ceremony of the new year, giving those who make films and television series the chance to celebrate each other. Going into the 26th annual ceremony, which took place Jan. 19, the nominees were a mix of industry veterans and beloved favorite and some newer-comers, [...]

  • Tanya Tucker and Brandi Carlile backstageAmericana

    Tanya Tucker and Brandi Carlile Set as Dynamic Duo for Grammys

    Country legend Tanya Tucker and her producer, Brandi Carlile, will perform together on the Grammys  in one week, both singers announced on their respective social media accounts Sunday. Wrote Carlile: “Let’s. do. this.” (One of the first responses on Carlile’s Instagram came from a fellow Seattle musician, Soundgarden’s Matt Cameron: “Hell yes!”) “I wanted you [...]

  • The Mandalorian Baby Yoda

    Baby Yoda Roots for Green Bay Packers in NFC Championship Game

    Baby Yoda is a Cheeesehead. Disney chief Bob Iger tapped the breakout star of “The Mandalorian” to show his support for the Green Bay Packers just as the NFL’s NFC Championship Game got underway on Sunday evening. The Packers are battling the San Francisco 49ers for a shot at the Super Bowl. The Kansas City [...]

More From Our Brands

Access exclusive content