Banijay selects London for merged TV group's headquarters

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Banijay selects London for HQ

Highlights

Banijay Entertainment and All3Media completed their merger, forming the world's largest independent TV maker with headquarters in London and projected over 4.3 billion euros in 2025 revenue.
The merged group targets 50 million euros in cost savings within a year, with leadership roles for Marco Bassetti (CEO), Jeff Zucker (Chair), and Jane Turton (Deputy CEO).
The consolidation adds momentum to the UK's creative sector and signals further industry mergers, while Banijay considers eventual stock market listing options, including New York.

Merger completion and headquarters plan

As reported by Financial Times, the owners on Thursday confirm the completion of the merger between Paris-based Banijay Entertainment and All3Media, creating what they describe as the world's largest independent TV maker. The new group is headquartered in London, with Marco Bassetti staying on as chief executive, Jeff Zucker becoming chair and All3Media chief Jane Turton taking the role of deputy CEO.

Bassetti says London is the capital of the entertainment business and points to the large presence of global streaming companies in the city as a reason for the decision. He says the merger gives the group more scope to develop existing franchises, expand older formats into new territories, build live events around popular shows and launch new programmes.

On a combined basis, Banijay Entertainment would have generated more than 4.3 billion euros in revenue and more than 700 million euros in adjusted earnings in 2025. The company expects to achieve 50 million euros in cost savings within a year of the deal.

UK creative sector and industry consolidation

The London headquarters adds to momentum for the UK's creative sector at a time when other media groups are also reshaping their structures. That includes Sky's deal this week to buy ITV's broadcasting unit, alongside plans to spin off the studios division into a separately listed London business.

The merger also reflects broader consolidation across the global entertainment market, as producers and distributors seek larger scale across scripted and unscripted content, live events, digital production and sports. Zucker says the industry is going through a period of major change and argues that businesses can no longer reach the necessary scale through only a handful of smaller acquisitions.

He says further expansion opportunities are likely, while not ruling out a future stock market listing once integration is complete. A person familiar with the matter says New York is one possible listing venue, although a Banijay spokesperson says the company has only just closed the merger and has not yet explored those options.

The enlarged group says it holds more than 260,000 hours of content in its catalogue, alongside a direct-to-consumer business and a live show roster. Its productions include Peaky Blinders, MasterChef and The Traitors, and it also stages major live events for third parties, including the opening ceremony of the Winter Olympics in Milan and the World Cup.

In our earlier article on Goldman Sachs’ M&A-driven outlook ahead of its July 14 earnings, we outlined how investors were positioning around guidance on profitability and capital allocation. We also noted Goldman's advisory leadership—over $1 trillion in announced U.S. M&A in H1 2026—and highlighted a likely near-term consolidation range for the stock as markets awaited the earnings catalyst.

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