Banijay and All3Media complete $8B merger, set London HQ
Banijay and All3Media complete their $8 billion merger to create Banijay Entertainment, which the companies describe as the world's largest independent production company. Despite Banijay's Parisian roots, the combined group will be headquartered in London and jointly owned 50-50 by Banijay Group and RedBird IMI.
The deal closes a long-anticipated tie-up between two of television's biggest independent producers. For viewers and the wider industry, the headline is scale: a single London-based company now controls a catalogue spanning hit formats and prestige drama across 25 territories.
Key Takeaways
- Banijay Entertainment and RedBird IMI-owned All3Media have completed an $8 billion merger under the Banijay Entertainment name.
- The combined company is based in London, jointly owned 50-50 by Banijay Group and RedBird IMI, and consolidated by Banijay Group.
- Leadership: Jeff Zucker as chairman, Marco Bassetti as CEO, and Jane Turton as deputy CEO.
- The group spans 25 territories with more than 265,000 hours of content, including franchises such as Big Brother, Peaky Blinders, and The Traitors.
- On a combined 2025 basis, the entity would have generated over €4.3 billion ($4.9 billion) in revenue and more than $0.8 billion in adjusted EBITDA, with roughly $57 million in expected cost synergies within a year of closing.
What did Banijay and All3Media complete?
Banijay Entertainment and All3Media have formally closed their merger, creating what both sides call the world's largest independent production company. The transaction values the combined business at $8 billion and brings together Banijay, known for unscripted staples and scripted hits, with All3Media, the UK-based producer behind global breakout formats.
The new entity operates as Banijay Entertainment. Banijay Group and RedBird IMI each hold a 50% stake, with Banijay Group consolidating the business on its books. That structure keeps both founding shareholders aligned while presenting a single, enlarged production and rights platform to broadcasters and streamers worldwide.
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Why is the merged company headquartered in London?
Although Banijay traces its origins to Paris, the combined group will be based in London — All3Media's home market. The companies framed that choice as a boost to the U.K.'s creative sector at a moment when British production continues to punch above its weight on the global stage.
London already anchors much of All3Media's operations, and the city offers deep talent pools, studio infrastructure, and proximity to major buyers across Europe. Placing headquarters there signals that the merged Banijay intends to lean into the U.K. as a primary production hub even as it maintains a footprint across 25 territories.
What shows and scale does the new Banijay bring?
The merger unites two catalogs that were already formidable on their own. Banijay's slate includes Big Brother and Peaky Blinders, while All3Media is known for hits such as The Traitors. Together, the group houses one of the industry's largest content libraries, with more than 265,000 hours of programming.
Financially, the companies said that on a combined 2025 basis the new Banijay Entertainment would have posted over €4.3 billion ($4.9 billion) in revenues and more than $0.8 billion in adjusted EBITDA. They also expect cost synergies of around $57 million to be achieved within one year of closing — a figure that underscores why scale matters in an increasingly consolidated production market.
Who will lead the combined company?
Jeff Zucker will serve as chairman, Marco Bassetti as CEO, and Jane Turton as deputy CEO. In a statement reported by Variety, Zucker called the completion "a new era in global entertainment" and said the deal creates "a new independent leader" in the category. He also highlighted the milestone for RedBird IMI, in only its third year, on the global entertainment stage.