Banijay Group entered a definitive agreement to acquire Endemol Shine Group.
The acquisition will cover Endemol Shine’s 120 production units and approximately 66,000 hours of scripted and unscripted content, along with more than 4,300 formats. With these latest assets, Banijay Group will position itself as a powerhouse of content production and distribution, owning nearly 200 production companies and the rights to almost 100,000 hours of programming.
Marco Bassetti (pictured), chief executive officer at Banijay, stated, “Endemol Shine brings an incredible array of industry-leading talent, globally-renowned brands and high-quality creative content. Combining the resources of these two companies will instantly strengthen our position in the global market, and our capabilities across genres will further define us as a go-to provider of first class IP worldwide. Welcoming the Endemol Shine brands and talents to our existing business will signal enhanced opportunities in the marketplace, and we are all excited by what the future holds for the combined entity.”