FL Entertainment
Paris, 6 October 2022
Banijay Confirms Proposed Acquisition of Beyond International Limited
-Plans for producer/distributor to join 22-territory global operation underway-
Paris, 6 October 2022: Banijay today announces it has entered into a Scheme Implementation Deed (Scheme) to acquire Beyond International Limited (ASX: BYI) (Beyond), a scripted and non-scripted multi-territory content group. Beyond has been listed on the Australian Securities Exchange since 1987, but once the Scheme is implemented it will become a wholly owned subsidiary of Banijay and its shares will cease to be publicly traded.
Complimenting Banijay’s existing catalogue of over 130,000 hours, Beyond Rights plays home to more than 8,000 hours of IP. From third-party producers and in-house production, its key distributed titles include, but are not limited to, Highway Thru Hell, Heavy Rescue: 401, Massive Engineering Mistakes, Halifax: Retribution, MythBusters and Deadly Women.
Elsewhere, with a track record of production in English-language markets, Beyond Productions’ latest titles include recently announced Back in the Groove, a new dating series for Hulu, produced in partnership with Walt Disney Television Alternative; multi-territory franchise, Love It or List It Australia; the 8-part scripted series Troppo (co-produced with EQ Media) screening on Freevee USA and ABC Australia; and a number of yet-to-be-announced new series in production across a number of markets.
Beyond International Limited’s Managing Director and CEO, Mikael Borglund, remains in his current role.
Marco Bassetti, CEO, Banijay comments: “As content demand continues to soar, catalogue remains key, and in acquiring Beyond, we would take our offering up considerably. Primarily bolstering our IP and production portfolio in the English-language and factual space, with Beyond’s complementary content, the deal can enhance our position as a leading go-to for clients and commercial partners alike.”
Mikael Borglund, Managing Director and CEO, Beyond International Limited comments: “The Beyond Board is very much supportive of the deal, which will see us join Banijay’s group, bolstering its standing in what is an increasingly competitive market. Joining a leading global business like this is a very exciting opportunity for us and we look forward to collaborating on newfound opportunities ahead.”
The acquisition would see Banijay take full control of the Beyond International Limited group of companies and departments, with all elements of the business boarding the former’s own production and distribution footprint.
The implementation of the Scheme remains subject to certain conditions including Beyond shareholders’ approval, court approval and other customary closing conditions. It is hoped the deal will close at the end of 2022/beginning of 2023.
Banijay is being advised on the transaction by Corrs Chambers Westgarth.
-Ends-
For further enquiries please contact:
Kate Humphreys, Global Head of Communication @ Banijay
Email:
k.*********@ba*****.com
” class=”link”>
k.*********@ba*****.com
Tel: +44 7792 222769
About Banijay
A leading content producer and distributor, Banijay is home to over 120 production companies across 22 territories, and a multi-genre catalogue boasting over 130,000 hours of original standout programming.
A collective of creative entrepreneurs, the group represents some of the biggest global brands including Survivor, Big Brother, Starstruck, Peaky Blinders, MasterChef, Rogue Heroes, Mr Bean, Hunted, Blow Up, Black Mirror, Marie Antoinette, Love Triangle and Limitless Win, among others. Imagining and delivering high-quality multi-genre IP that was born locally and travels globally, the business offers the best stories told the best way.
Built on independence, creative freedom, collaborative entrepreneurialism and commercial acumen, the company, launched in 2008, operates under the direction of Chief Executive Officer, Marco Bassetti.
About FL Entertainment
Founded by Stéphane Courbit, a 30-year entertainment industry pioneer and entrepreneur, FL Entertainment Group is a global leader in multimedia content and gaming, combining the strengths of Banijay, the world’s largest independent producer distributor, with Betclic Everest Group, the fastest-growing online sports betting platform in Europe. In 2021, FL Entertainment recorded through Banijay and Betclic Everest Group, a combined revenue, and adjusted EBITDA, of €3.5bn and €609m respectively.
FL Entertainment listed on Euronext Amsterdam in July 2022.
ISIN: NL0015000X07 – Bloomberg: FLE NA – Reuters: FLE.AS
About Beyond International Limited
Beyond International Limited (ASX:BYI) is a leading international producer and manager of media content for distribution internationally by means of multiple platforms including AVOD, SVOD and broadcast.
Under its umbrella, it has two main operating business segments – international media production and media rights management and distribution. To date, it has produced more than 5,000 hours of global television across multiple territories and genres including factual entertainment, premium documentary and drama. Emmy-winning, it has partnered with linear broadcasters worldwide, as well as Netflix, Hulu, Disney+ and National Geographic. Key titles include MythBusters, White Rabbit Project, My Lottery Dream Home, Pooch Perfect, Love It Or List It Australia, Deadly Women, Troppo and Halifax Retribution.
On international distribution, Beyond applies its vast experience in rights acquisition, management and exploitation, to oversee and market an extensive programme catalogue both created in-house and sourced from third-party producers. Licensing IP to multiple platforms throughout the world including AVOD, SVOD and broadcast.
The business is headquartered in Dublin and operates internationally.
Attachment
Beyond International Limited_061022
Related Quotes
A choppy day of trading ended with stocks broadly lower on Wall Street Thursday, though indexes have managed to hold onto most of their sizeable gains from a big rally at the start of the week. Wall Street is watching employment data very closely as the Fed remains determined to raise interest rates to try and tame the hottest inflation in four decades.
Foxtons Group plc ( LON:FOXT ), might not be a large cap stock, but it received a lot of attention from a substantial…
The WHO said the medicinal syrups may be connected with the deaths of 66 children in The Gambia.
Tic-tac-toe, three in a row, shares of Ford Motor Company (NYSE: F), Tesla (NASDAQ: TSLA), and Nio (NYSE: NIO) are down 2%, 1.9%, and 5.9%, respectively. In the case of electric vehicle (EV) specialists Tesla and Nio, it's basically Wall Street to blame for today's declines. Granted, yesterday's announcement that Elon Musk has apparently decided he will buy Twitter after all is probably still having an effect on Tesla stock — but there's new news, too.
Levi Strauss, AMD and Tilray are among the top trending stocks in after hours trading on Thursday, October 6, 2022.
Shares of Agenus (NASDAQ: AGEN), a clinical-stage biopharmaceutical company that specializes in immuno-oncology, saw its shares jump 18.4% on Thursday. First, the company on Wednesday said it planned to present data on botensilimab, a therapy that is being studied for its effectiveness as a combination drug or a monotherapy to active T-cell immune responses in patients who have pancreatic cancer, colorectal cancer, or melanoma, a type of skin cancer. Another move that helped push up the stock was the announcement of inside buying of Agenus stock by some members of the company's board of directors on Wednesday, including Susan Hirsch, Wadih Jordan, Ulf Wiinberg, and Timothy Wright, totaling more than 30,000 Agenus shares.
In this article, we discuss 15 best short squeeze stocks to buy now. If you want to see more stocks like these, check out 5 Best Short Squeeze Stocks to Buy Now. In 2021, retail trading activity resulted in an unparalleled short squeeze that led major capital market players to lose billions of dollars. In […]
Lumen (LUMN) closes the sale of ILEC business in 20 states to Brightspeed.
Yahoo Finance Live anchor Seana Smith looks at several stocks trending in the after-hours trading session.
Oil prices have been all over the place this year. WTI, the primary U.S. oil price benchmark, started 2022 at around $75 a barrel before rocketing over $120 a barrel following Russia's invasion of Ukraine. The move could keep a floor under crude prices and potentially push them higher depending on demand and other supplies.
Shell, Chevron, Cheniere Energy, Kinder Morgan and Energy Transfer LP are part of the Zacks top Analyst Blog.
Many people think the most important metric for a growth stock is how fast its revenue is increasing. While essential to consider, what is most important is whether a company can put up consistently high revenue growth for many years. This is how stocks like Amazon and Netflix became huge winners for shareholders over the last 20 years.
Oppenheimer analyst Timothy Horan upgraded Verizon stock to Outperform from Perform, citing its cheap valuation and attractive 6.6% dividend yield.
Shares of artificial intelligence (AI)-based lending platform Upstart Holdings (NASDAQ: UPST) rallied 5.3% on Thursday, as of 1:44 p.m. ET. The beaten-down fintech stock has fallen some 95% from all-time highs posted last year; however, with a lot of fear baked into the stock already, the stock is in rally mode as investors look for a path to recovery. Upstart is a financially sensitive stock, and investors seemed to take heart in some economic data this week that indicated inflation may be softening.
When choosing among stocks in the same sector, investors often compare fundamentals like price-to-earnings ratios (P/E) or earnings per share (EPS), balance sheets and other metrics. But it’s also important for investors to compare the relative strength of a stock versus its peers in that sector. In other words, investors also want to consider the stocks that are recently outperforming other similar stocks, because these are the stocks that institutions are buying and will usually continue to pe
The volatile market has investors playing it safe.
Many S&P 500 investors are convinced a recession is on the way. And if it is, you'll want to know which stocks to avoid.
In this article, we will be taking a look at the top 20 drug companies in the world in 2022. To skip our detailed analysis, you can go directly to see the top 5 drug companies in the world in 2022. While major pharmaceutical companies have always been derided for considering profits over the well-being […]
(Bloomberg) — Cathie Wood’s latest dip-buying binge appears to be largely focused on smaller stocks, cementing her firm’s already hefty shareholdings in such companies.Most Read from BloombergTrump Says US Agency Packed Top-Secret Documents. These Emails Suggest Otherwise.Secretive Chip Startup May Help Huawei Circumvent US SanctionsMusk Revives $44 Billion Twitter Bid, Aiming to Avoid TrialNord Stream Leaks Caused by Detonations in Sign of SabotageMass Shooting in Thailand Leaves 38 Dead, Most
In this article, we discuss the 12 best EV stocks to buy now. If you want to see more stocks in this selection, check out the 5 Best EV Stocks to Buy Now. Countries around the world are pushing policies to fight climate change and reduce greenhouse gas emissions. Under the Inflation Reduction Act, the […]
About Author
