Banijay Group and RedBird IMI have completed the merger of Banijay Entertainment and All3Media, creating the world's largest independent production company. The combined entity, jointly owned with each holding a 50% stake, will operate under the Banijay Entertainment name and be headquartered in London, with a footprint spanning 25 territories. Jeff Zucker will serve as Chairman, Marco Bassetti as CEO, and Jane Turton as Deputy CEO. On a combined basis, in 2025, the new Banijay Entertainment would have generated over €4.3 billion in revenues and over €0.7 billion in adjusted EBITDA, with expected cost synergies of approximately €50 million to be achieved within one year of closing. On a pro-forma 2025 basis including the full-year contributions of Tipico Group and All3Media, Banijay Group would have reached €7.4 billion in revenue, €1.6 billion in adjusted EBITDA, and €1.2 billion in adjusted free cash flow. The transaction implies a total cash upstream for Banijay Group of €801 million, and an exceptional dividend of €0.93 per share will be distributed to Banijay Group's shareholders in the coming weeks.
Banijay Group NVMerger creates world's largest independent production company with expected cost synergies and exceptional dividend of €0.93 per share.
RedBird IMI completes merger, gaining 50% stake in combined entity with significant revenue and EBITDA.