In 2024, Banijay Group, a major player in film, TV, live entertainment, and gaming, had a fantastic year. The company brought in a whopping 4. 8 billion euros. This is a huge deal, showing that they are a major force in the industry. Their earnings before interest, taxes, depreciation, and amortization (EBITDA) jumped by 22% to 900 million euros. The last three months of the year saw a massive 32. 8% increase in EBITDA. Net income also went up by 29. 3% to 418 million euros.

        The TV production and distribution division, based in France, had steady results at 3. 3 billion euros. This division is known for hits like "Survivor" and "Peaky Blinders. " Content production revenue was 2. 6 billion euros, a slight drop of 2. 8% from 2023. However, the last quarter saw a 6. 2% increase thanks to some big scripted shows.

        The TV content industry faced challenges in 2024. Major streaming platforms cut back on spending and focused on making money. This affected high-quality English scripted content. Despite this, Banijay managed to secure new projects like "Carême" on Apple TV, "Las Sabinas" on Disney+, and "Culpa Tuya" on Prime Video.

        Some of Banijay's big hits in 2024 included "Like Water for Chocolate, " which was a top Spanish-language show on HBO Max and stayed in the top 10 in 35 countries. "Supersex" on Netflix and "Brocéliande" on TF1 were also popular. Looking ahead to 2025, Banijay has a "Peaky Blinders" movie adaptation planned for Netflix. The company's distribution arm had six legacy formats in the top 20 most popular TV formats worldwide, including "Deal or No Deal, " "MasterChef, " "Big Brother, " and "Survivor. "

        The CEO of Banijay Entertainment, Marco Bassetti, highlighted the company's strong performance in a tough market. The combined business of Banijay Entertainment and Banijay Live showed resilience and closed the year with an adjusted EBITDA margin of 15. 8%. Banijay is now the largest European scripted studio and a leader in non-scripted content. They are also expanding into non-English-language content and partnering with streamers.

        François Riahi, the CEO of Banijay Group, noted that the company's results exceeded their full-year goals. Throughout the year, Banijay continued its strategy of mergers and acquisitions. They bought Caryn Mandabach Productions, known for "Peaky Blinders, " and partnered with Amazon MGM Studios to develop a live-action series of "Totally Spies! " They also acquired Procidis, the company behind the educational animation franchise "Once Upon a Time. "

        The company's success in 2024 shows that they are a major player in the entertainment industry. They have a strong portfolio of content and are expanding into new areas. This makes them a key partner for streamers and a leader in both scripted and non-scripted content. Banijay's strategy of mergers and acquisitions has helped them grow and diversify their offerings.

BANIJAY GROUP

Banijay Group's Big Win in 2024: Record-Breaking Year!

Continue reading...