Banijay Group, the listed firm which includes movie and TV manufacturing, distribution, dwell leisure and gaming, posted document outcomes for 2024 which reached €4.8 billion (5.2 billion).
Banijay’s adjusted EBITDA was additionally up by 22% to €900 million ($971 million), and noticed an acceleration within the final quarter with 32.8% spike, whereas adjusted internet earnings additionally rose by 29.3% at present currencies to €418 million.
Banijay’s French-headquartered TV manufacturing and distribution division, which is behind hits together with “Survivor” and “Peaky Blinders,” and the dwell leisure division, posted flat outcomes of €3.3 billion ($3.5 billion). Content material manufacturing income in 2024 stood at €2.6 billion ($2.8 billion), down 2.8% in comparison with 2023. The final quarter of 2024 was up 6.2% because of main scripted present which had been delivered on the finish of the yr.
In unveiling its outcomes, Banijay mentioned 2024 was a although yr for the TV content material business as “main streaming platforms lowered their spending and prioritized their return to profitability, primarily impacting premium English scripted content material.” Nonetheless, labels inside Banijay did rating new commissions in 2024, notably “Carême” on Apple TV, “Las Sabinas” on Disney+, and “Culpa Tuya” on Prime Video.
Banijay-produced hits included “Like Water for Chocolate,” which ranked first amongst Spanish-language content material on HBO Max and remained within the high 10 most-watched applications in 35 nations through the month following its launch; in addition to “Supersex” on Netflix and “Brocéliande” on TF1. The corporate’s slate of status content material slated for 2025 embrace a “Peaky Blinders” movie adaptation on Netflix. By way of content material distribution, six legacy codecs ranked among the many high 20 most-traveling TV codecs worldwide, together with “Deal or No Deal,” “MasterChef,” “Huge Brother” and “Survivor.”
“2024 noticed Banijay Leisure, inclusive of Banijay Reside, proceed to show its energy and market-leading place in what has been generally acknowledged as a difficult market setting,” mentioned Banijay Leisure’s CEO Marco Bassetti.
“Overtaking €3.3 billion in revenues, the mixed enterprise illustrated a resilient top-line, whereas ramping up its backside line, closing the yr with an adjusted EBITDA margin of 15.8%,” Bassetti continued. He mentioned the corporate has turn out to be the “largest European scripted studio – alongside its long-standing place as a frontrunner in non-scripted – growing actions in non-English-language, and performing as a key accomplice for streamers.”
François Riahi, CEO of Banijay Group, identified Banijay’s “outcomes are properly forward of full yr steerage.”
Over the yr, the corporate additionally pursued its M&A method by means of the acquisition of Caryn Mandabach Productions, the corporate behind a number of extremely acclaimed drama hits together with “Peaky Blinders.” It additionally partnered with Amazon MGM Studios to develop “Completely Spies!,” a dwell motion sequence primarily based on the favored basic French cartoon; and it acquired Procidis, the France-based manufacturing firm behind the academic animation franchise “As soon as Upon a Time.”
