You will be redirected back to your article in seconds

Endemol Shine Brings in Banks to Evaluate Possible Sale

Endemol Shine Group is on the block. The company behind “Black Mirror” and “Masterchef” has called in banks to evaluate a possible sale that could see one of the world’s largest international TV production and distribution groups change hands.

The “Big Brother” and “Peaky Blinders” producer is jointly owned by 21st Century Fox and private equity group Apollo. CNBC, which first reported the news, said that the co-owners have agreed to sell if a buyer is found, and that Deutsche Bank and Liontree have been brought in to make it happen. The deal will be worth as much as $4 billion, including debt.

Endemol Shine declined to comment. Fox has not responded to a request for comment. But a source confirmed to Variety that a potential sale is being examined.

The 2014 merger of Endemol and Shine created a production and distribution powerhouse. It backs a raft of global production companies, including “Humans” producer Kudos and “Peaky Blinders” co-producer Tiger Aspect. It also has an extensive global content sales operation, Endemol Shine International.

CNBC said Fox spurned the opportunity to buy out Apollo’s share of ESG. Fox’s stake in the business is one of the assets Disney is attempting to land through its proposed acquisition of Fox’s entertainment assets, although Comcast has made a counteroffer. Disney already has a significant international content distribution network, as does Comcast, through NBCUniversal, which it owns.

Endemol Shine turned out more than 800 productions last year in 79 territories around the world. It is headquartered in Amsterdam, with major bases in the U.K., U.S., Latin America and Asia. With that scale and an asking price in the billions of dollars, there is only a select number of possible industry buyers.

The Hollywood studios have the firepower, but also have existing international operations. The likes of Discovery and Liberty Global-backed All3Media, RTL’s FremantleMedia, or Britain’s ITV could have the means, should they want to add to their production and distribution networks in what would be a major rollup.

The U.S. streamers and tech companies are also making major international content plays, but generally seek global rights to programming. Whether they would want Endemol Shine’s international sales operation, and to distribute content to third parties, is open to question.

More TV

  • James Holzhauer $2 million

    'Jeopardy!' Champion James Holzhauer Hits $2 Million Winnings Milestone

    This current “Jeopardy!” player has just won over $2 million on the popular game show. Who is James Holzhauer? The 34 year old professional sports gambler from Las Vegas has hit a “Jeopardy!” milestone by becoming only the second person in the show’s history to win over $2 million in regular season play. Holzhauer won [...]

  • Kanye West Shares a Memory of

    Kanye West Shares a Touching Memory of His Mother in Letterman Interview

    In a preview of David Letterman’s interview with Kanye West, which begins streaming next Friday, May 31, the musician’s wife Kim Kardashian West, tweeted a clip of him sharing a touching memory of his mother, Donda, who died in 2007 after a surgical procedure. While his wife looks on smiling, West answers Letterman’s question about [...]

  • CNN Lays Off Some Health Journalism

    CNN Lays Off Some Health Journalism Staffers

    CNN has laid off a handful of staffers from its health-journalism unit after deciding to place its health, climate and Southeastern newsgathering operations under a single aegis. ” As part of the normal course of business, our newsgathering team made a small restructure earlier this week that ultimately impacts 6-7 employees within CNN’s Health Unit,” [...]

  • Henry Ian Cusick

    'Lost' Star Henry Ian Cusick Signs With Buchwald (EXCLUSIVE)

    Henry Ian Cusick, best known for playing Desmond on the hit ABC series “Lost,” is signing with talent agency Buchwald for representation. Cusick also starred in the CW sci-fi/drama “The 100” and was most recently seen in the Fox series “The Passage.” His other notable television credits include “Scandal,” “24,” “Fringe,” “The Mentalist,” “Body of [...]

  • Bryan Cranston First Time in Variety

    Bryan Cranston on His Early Roles, Dealing With Rejection and His 'Erasable Mind'

    Following his 2014 Tony Award for best actor as President Lyndon B. Johnson in Robert Schenkkan’s play “All the Way,” Bryan Cranston is looking to add to his trophy collection this year with his performance as Howard Beale in “Network.” The deranged anchorman — who’s famously “mad as hell and not going to take this [...]

More From Our Brands

Access exclusive content