FL Entertainment: Banijay Confirms Proposed Acquisition of Beyond
International Limited
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.humphreys@banijay.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 EntertainmentFounded
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
LimitedBeyond 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.
- Beyond International Limited_061022
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