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Friday, June 9, 2023

Banijay’s parents FL Entert. Revenue growth to EUR 4 billion in 2022 – Variety

Banijay, Stéphane Courbit’s television production and distribution mogul, is the director of “Survivor” and “bloody gangsters”, creating a vibrant Debuts on the Amsterdam stock market.

The Paris-based company, Takeover of Endemol Shine Group With a whopping $2.2 billion deal in 2020, Banijay’s revenue rose 16.5% (13.3% in constant currency) to 3.21 billion euros ($3.4 billion) in 2022. While its margin fell 1% to 14.7%, Banijay’s earnings before interest, tax and amortization (EBITDA) rose 9% to 472 million euros ($501 million) in 2022.

Banijay went public last year through a newly formed special purpose acquisition company called FL Entertainment. Banners include Banijay and Courbit’s online gambling syndicate Betclic. Overall, FL Entertainment’s annual revenue rose 13.2 percent in constant currency to 4 billion euros ($4.2 billion).

Banijay’s strong financial performance is driven by its content production and distribution activities.Banner’s content library grew 30% to 160,000 hours, while revenue from streaming
The platform grew by 61%.

Banijay also expanded its footprint with 15 acquisitions across 10 geographies. These include a number of well-known brands, notably Alain Goldman’s Légende Films in France (renamed Montmartre Films) and the UK’s flagship Kindle Entertainment, whose credits include Netflix show The A List.

“2022 will be an outstanding year for FL Entertainment,” said François Riahi, CEO of FL Entertainment.

Riahi said the company’s “strong profitable growth” in content production and distribution has been linked to new scripted series such as “Marie Antoinette” and “SAS Rogue Heroes” as well as flagship unscripted series such as “Masterchef” and “Big Brother.” IP related” and “Survivor”, he said “Yes
Relaunch in key markets and enter new territories. ”

FL Entertainment will seek to “continue to demonstrate its proven ability to deliver profitable growth at scale,” the executive said.

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