Banijay Group CEO Marco Bassetti may be making a smart marketing move by delivering a Mipcom keynote on Oct. 18, but the Italian executive insists that “PR, for us, comes after.” At the first major…
, distribution arm Banijay Rights, which holds the format and finished tape rights for “Black Mirror,” renewed its deal with the streaming service for Charlie Brooker’s dystopian drama. But the pact, which is still officially unconfirmed , came after almost two years of butting heads following Brooker and producing partner Annabel Jones’ exit from their then-Endemol Shine-owned production outfit House of Tomorrow.
“It’s the most important and expensive market because English-language finished tape can travel a lot, so it’s easier,” says Bassetti, who hints at a U.K. acquisition in the near future. For now, in Cannes, the company will hope that “Peaky Blinders” creator Stephen Knight’s new show “Rogue Heroes,” a dramatized account of how the Special Forces unit was formed during World War 2, brings in healthy sales.
Of Endemol Shine’s estimate $1.9 billion debt load inherited by Banijay during the acquisition, Bassetti says the figure is now “at a totally different level” than before. “Everyone said, ‘But you embedded the debt that was in Endemol,’ and sure [we did], but at a different cost because we renewed all the contracts, and the ratings we have are totally different with the agencies than what Endemol had before.
However, the road ahead in the next year for superindies will be fraught given rising levels of inflation around the world and a looming recession — the real impact of which will only emerge in 2023. Bassetti says a “flexible cost structure” at the company, which keeps 75% of costs flexible, provides some buffers, but immovable budgets from broadcasters and streamers could prove problematic.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USWNT’s World Cup Group Possibilities Come Into FocusLosses in Europe are in the rearview and the Women’s World Cup draw is on the horizon. avicreditor on the USWNT, the concerns raised by the last week, and the possibilities for its World Cup group next summer
Read more »
Arizona AG seeks probe of election integrity groupThe group has raised “considerable sums of money” on its claim that it had evidence of widespread fraud but never provided the data they promised despite claiming publicly that they had.
Read more »
Rights group: 233 killed in Iran, protests enter fifth weekProtests in Iran have entered a fifth week with demonstrations intensifying in some cities along main streets and at universities across the country. A U.S.-based rights monitor estimates at least …
Read more »
Dozens of lawyers slain in six years in Philippines: Rights groupThe National Union of Peoples’ Lawyers said that 59 of the 133 lawyers killed in the country since 1984 were slain during former President Rodrigo Duterte's term
Read more »
Arizona AG to Investigate Group Behind Right-Wing Conspiracy Theory MovieArizona’s Attorney General wants to FBI and IRS to investigate True the Vote—the organization behind the conspiracy theory movie “2000 Mules”.
Read more »