FL Leisure: Banijay Confirms Proposed Acquisition of Past Worldwide Restricted – GlobeNewswire
FL Leisure
Paris, 6 October 2022
Banijay Confirms Proposed Acquisition of Past Worldwide Restricted
-Plans for producer/distributor to hitch 22-territory international operation underway-
Paris, 6 October 2022: Banijay as we speak broadcasts it has entered right into a Scheme Implementation Deed (Scheme) to accumulate Past Worldwide Restricted (ASX: BYI) (Past), a scripted and non-scripted multi-territory content material group. Past has been listed on the Australian Securities Alternate since 1987, however as soon as the Scheme is applied it’ll change into an entirely owned subsidiary of Banijay and its shares will stop to be publicly traded.
Complimenting Banijay’s present catalogue of over 130,000 hours, Past Rights performs dwelling to greater than 8,000 hours of IP. From third-party producers and in-house manufacturing, its key distributed titles embody, however aren’t restricted to, Freeway Via Hell, Heavy Rescue: 401, Huge Engineering Errors, Halifax: Retribution, MythBusters and Lethal Ladies.
Elsewhere, with a monitor report of manufacturing in English-language markets, Past Productions’ newest titles embody lately introduced Again within the Groove, a brand new relationship sequence for Hulu, produced in partnership with Walt Disney Tv Different; multi-territory franchise, Love It or Checklist It Australia; the 8-part scripted sequence Troppo (co-produced with EQ Media) screening on Freevee USA and ABC Australia; and numerous yet-to-be-announced new sequence in manufacturing throughout numerous markets.
Past Worldwide Restricted’s Managing Director and CEO, Mikael Borglund, stays in his present position.
Marco Bassetti, CEO, Banijay feedback: “As content material demand continues to soar, catalogue stays key, and in buying Past, we’d take our providing up significantly. Primarily bolstering our IP and manufacturing portfolio within the English-language and factual house, with Past’s complementary content material, the deal can improve our place as a number one go-to for purchasers and industrial companions alike.”
Mikael Borglund, Managing Director and CEO, Past Worldwide Restricted feedback: “The Past Board could be very a lot supportive of the deal, which can see us be part of Banijay’s group, bolstering its standing in what’s an more and more aggressive market. Becoming a member of a number one international enterprise like this can be a very thrilling alternative for us and we sit up for collaborating on newfound alternatives forward.”
The acquisition would see Banijay take full management of the Past Worldwide Restricted group of corporations and departments, with all parts of the enterprise boarding the previous’s personal manufacturing and distribution footprint.
The implementation of the Scheme stays topic to sure situations together with Past shareholders’ approval, courtroom approval and different customary closing situations. It’s hoped the deal will shut on the finish of 2022/starting of 2023.
Banijay is being suggested on the transaction by Corrs Chambers Westgarth.
-Ends-
For additional enquiries please contact:
Kate Humphreys, International Head of Communication @ Banijay
Electronic mail: [email protected]
Tel: +44 7792 222769
About Banijay
A number one content material producer and distributor, Banijay is dwelling to over 120 manufacturing corporations throughout 22 territories, and a multi-genre catalogue boasting over 130,000 hours of authentic standout programming.
A collective of artistic entrepreneurs, the group represents among the greatest international manufacturers together with Survivor, Huge Brother, Starstruck, Peaky Blinders, MasterChef, Rogue Heroes, Mr Bean, Hunted, Blow Up, Black Mirror, Marie Antoinette, Love Triangle and Limitless Win, amongst others. Imagining and delivering high-quality multi-genre IP that was born domestically and travels globally, the enterprise affords the most effective tales informed the easiest way.
Constructed on independence, artistic freedom, collaborative entrepreneurialism and industrial acumen, the corporate, launched in 2008, operates beneath the course of Chief Government Officer, Marco Bassetti.
About FL Leisure
Based by Stéphane Courbit, a 30-year leisure business pioneer and entrepreneur, FL Leisure Group is a worldwide chief in multimedia content material and gaming, combining the strengths of Banijay, the world’s largest unbiased producer distributor, with Betclic Everest Group, the fastest-growing on-line sports activities betting platform in Europe. In 2021, FL Leisure recorded via Banijay and Betclic Everest Group, a mixed income, and adjusted EBITDA, of €3.5bn and €609m respectively.
FL Leisure listed on Euronext Amsterdam in July 2022.
ISIN: NL0015000X07 – Bloomberg: FLE NA – Reuters: FLE.AS
About Past Worldwide Restricted
Past Worldwide Restricted (ASX:BYI) is a number one worldwide producer and supervisor of media content material for distribution internationally by the use of a number of platforms together with AVOD, SVOD and broadcast.
Underneath its umbrella, it has two fundamental working enterprise segments – worldwide media manufacturing and media rights administration and distribution. So far, it has produced greater than 5,000 hours of worldwide tv throughout a number of territories and genres together with factual leisure, premium documentary and drama. Emmy-winning, it has partnered with linear broadcasters worldwide, in addition to Netflix, Hulu, Disney+ and Nationwide Geographic. Key titles embody MythBusters, White Rabbit Undertaking, My Lottery Dream Residence, Pooch Excellent, Love It Or Checklist It Australia, Lethal Ladies, Troppo and Halifax Retribution.
On worldwide distribution, Past applies its huge expertise in rights acquisition, administration and exploitation, to supervise and market an in depth programme catalogue each created in-house and sourced from third-party producers. Licensing IP to a number of platforms all through the world together with AVOD, SVOD and broadcast.
The enterprise is headquartered in Dublin and operates internationally.
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