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Banijay and All3Media Complete $8.5 Billion Merger

CEO Marco Bassetti is urging studios and streamers to give producers greater pay or return of intellectual property to protect creators and strengthen European producers’ bargaining power.

Overview

  • The merger unites nearly 200 production companies and about 265,000 hours of programming under a single London-based group and names All3Media chief Jane Turton as deputy CEO of the combined business.
  • Marco Bassetti has publicly called for improved terms of trade that let producers retain or regain IP rights, arguing that treating makers as service providers removes incentives for creators.
  • The enlarged company plans to boost scripted output and pursue U.S. scripted opportunities while growing businesses in live events, sports and social platforms using assets such as Little Dot Studios.
  • Banijay reports heavy investment in content creation, saying it spent roughly €1 billion on creativity over the past four years and produced around 110 shows for streamers last year.
  • Industry observers see the deal as a response to tech-scale competition and tighter TV budgets, and it could shift negotiation dynamics by giving producers more leverage when striking deals with streamers and broadcasters.