producer Endemol Shine since 2014, but will step down on July 10 and Banijay Group CEO Marco Bassetti will take control of the combined entity, which will be named Banijay.earlier this week, eight months after Banijay first announced it was acquiring its competitor from Disney and Apollo Global Management., Turner Laing said: “This deal bookmarks a creatively rich, commercially successful and relentlessly prolific five and a half years as Endemol Shine Group.
Bassetti added: “The close of this unique deal represents the joining of two businesses built on entrepreneurialism, creativity and people. Aligned in thinking, and approach, we now stand together as the world’s largest international content creation and distribution group.” LDH, an offshoot of Banijay chairman Stéphane Courbit’s French holding company Lov Group, will oversee the combined entity, while French media conglomerate Vivendi, De Agostini and Fimalac are the other main shareholders. Banijay raised €2.4BN in a major refinancing earlier this year to help fund the deal.
Banijay and Endemol Shine will have combined revenues of €2.7BN , and it puts Banijay in control of 200 production labels in 22 countries, as well as global brands including
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