Endemol Shine Group Explained

Endemol Shine Group B.V.
Type:Joint venture
Industry:Television production
Film distributor
Successor:Banijay
Fate:Acquired by folded into Banijay; brand retained on production divisions
Hq Location City:Amsterdam
Key People:Sophie Turner Laing (CEO)
Num Employees:6,500
Hq Location Country:Netherlands
Num Employees Year:2016
Divisions:Full list of Divisions
Homepage: (archived, now redirects to Banijay.com)

Endemol Shine Group B.V. (stylized in all spaceless) was a Dutch production and distribution company of scripted and non-scripted content, responsible for programmes such as Big Brother, Deal or No Deal, The Money Drop, Fear Factor, MasterChef, Your Face Sounds Familiar,[1] Peaky Blinders,[2] Black Mirror,[3] Humans,[4] Grantchester and Tin Star.[5]

In 2018, Endemol Shine Group had 700 productions on air across 270 platforms and channels. K7 Media report's Tracking the Giants: Top 100 Travelling TV Formats 2018-19 also recognized Endemol Shine Group as the production and distribution company with the most travelled formats in 2018.[6]

Formed in 2015 through a merger of Dutch television studio Endemol and Elisabeth Murdoch's UK-based studio Shine Group, Endemol Shine Group companies included Dragonfly, Kudos, and Princess Productions. It also included Shine TV which was founded in 2001 by Elisabeth Murdoch; and Metronome Film & Television, a Scandinavian-based production group. EndemolShine International was the group's international distribution arm responsible for the distribution of the various formats of the group.[7] The group also established international companies Endemol Shine North America, Endemol Shine Australia, Endemol Shine India, Endemol Shine Germany, Endemol Shine France, and Endemol Shine Iberia.

From 20 March 2019 to 3 July 2020, it was jointly owned by The Walt Disney Company and Apollo Global Management, with each holding a 50% share. On 22 October 2019, French company Banijay announced its intent to acquire Endemol Shine from Disney and Apollo. On 30 June 2020, the European Commission approved Banijay's purchase of Endemol Shine.[8] The purchase was completed on 3 July 2020.[9] Many divisions kept the Endemol Shine name upon acquisition by Banijay.

History

Merger of Endemol, Shine Group, CORE Media Group

On 15 May 2014, Apollo Global Management and 21st Century Fox confirmed its intent to form a joint venture with funds managed by affiliates of Apollo, Endemol, Shine Group and CORE Media Group. Under the agreement, 21st Century Fox and the funds managed by affiliates of Apollo would jointly own and manage the new joint venture.[10]

On 10 October 2014, 21st Century Fox and funds managed by affiliates of Apollo announced a final agreement to create the group consists of Endemol, Shine Group and CORE Media. Under the terms of the agreement, 21st Century Fox and Apollo will jointly manage the newly created group, with each owning 50 per cent. Sophie Turner Laing, former managing director of Content at BSkyB, would serve as the group's CEO.[11]

On 27 October 2014, Shine Group announced Tim Hincks would become the president of the new joint venture.[12]

On 29 October 2014, Endemol announced Cris Abrego and Charlie Corwin will serve as the new joint venture's North America division co-chairmen and Co-CEOs.[13] [14]

On 17 December 2014, 21st Century Fox and funds managed by affiliates of Apollo Global Management, LLC announced the completion of the transaction to create the group consists of Endemol, Shine Group and CORE Media, under the previously announced terms.[15] The joint venture name 'Endemol Shine Group' was announced by Shine Group on the same day.[16] Both Apollo and 21st Century Fox owning 50% of the joint venture that took place on 1 January 2015.[17]

On 15 January 2015, Endemol Shine Group announced appointing former Endemol UK CEO Lucas Church to be Chairman of Endemol Shine UK, former Endemol UK Chief Operating Officer Richard Johnston becoming CEO of Endemol Shine UK.[18]

In succeeding years, Endemol's eye and Shine Group's egg logos were replaced with Endemol Shine Group wordmark-only logo in closing credits of most of its-licensed shows, effectively making Endemol and Shine an in-name-only units of that company.

Endemol

See main article: Endemol.

Endemol was founded in 1994 by a merger of television production companies owned by Joop van den Ende and John de Mol, the name deriving from the combination of their surnames.[19]

Endemol specialised in formatted programming that can be adapted for different countries around the world as well as different media platforms. One notable success has been the Big Brother reality television show, with versions in many countries after the initial Dutch version. Other examples include Deal or No Deal (sold to over 75 countries), The Money Drop (sold in over 50 countries), Fear Factor (sold in 30 countries) and Wipeout (sold in over 35 countries). In recent years the company has also been expanding its English language drama output with shows such as titles such as The Fall, Peaky Blinders, Ripper Street and Black Mirror in the UK and Hell on Wheels in the US. In November 2013 the company launched Endemol Beyond, an international division specialising in original content for digital video platforms such as YouTube.

Shine Group

See main article: Shine Group.

Sale to Banijay

In April 2018, Fox and Apollo appointed Deutsche Bank and Aryeh Bourkoff's LionTree to handle a potential sale of Endemol Shine, following Fox's sale to The Walt Disney Company.[20] William Morris Endeavor[21] and Banijay[22] had eyed an acquisition of Endemol Shine, with Banijay reported to have even entered advanced talks to buy the studio.[23]

On 29 August 2018, the RTL Group (which owns Fremantle) withdrew its bid for Endemol Shine.[24] In September 2018, BBC Studios,[25] along with Discovery, Inc. and Liberty Global (which each own 50% of All3Media)[26] announced that they would not bid on the studio. ITV plc provisionally placed a bid on the studio but did not confirm an official bid as the sale is still only a potential scenario at this point.[27] In October 2018, ITV plc withdrew from the auction.[28] Sony Pictures Entertainment, DHX Media (now WildBrain) and Lionsgate also ruled out of the bidding.[29] ProSiebenSat.1 Media (which owns Red Arrow Studios) was reported to be considered for a joint bid with Banijay, but the latter ruled itself out as well.[30]

Endemol Shine later made a statement that they had been in negotiations with several parties and were confident they would have an owner by end of November 2018.[31] However, on 6 November 2018 it was reported that both Fox and Apollo have decided to suspend the selling process as a deal could not be reached by prospective buyers. In the meantime, Fox's 50% stake in the company was given to Disney.[32] The report was published hours before European Commission's clearance of Disney's impending purchase of Fox on certain conditions.[33]

On 22 October 2019, Banijay officially announced its intent to acquire Endemol Shine from Disney and Apollo for over $2.2 billion.[34] On 26 October 2019, Banijay announced it has entered into a definitive agreement to acquire 100% of the equity of Endemol Shine Group.[35] The merger was approved on 26 October 2019, pending antitrust approval.[36]

In February 2020, Banijay raised $2,600,000,000 in refinancing for acquiring Endemol Shine.[37]

On 30 June 2020, the European Commission approved Banijay's purchase of Endemol Shine.[8] The purchase was completed three days later, and Endemol Shine was folded into Banijay. For a year, Banijay continued to use the Endemol Shine brand for many of its production divisions.

Podcasts

In November 2021, it was announced that Endemol Shine will be moving into podcasting for the first time with a partnership with KT Studios with the aim of developing and co-producing original podcasts.[38]

Companies

Production

Americas

Are the following[39]

Europe

Middle East

Asia Pacific

Distribution

Digital and Gaming

See also

Notes and References

  1. Web site: Ling . Koh Jia . 4 March 2014 . Endemol's "Your Face Sounds Familiar" to make Middle East debut . 1 February 2019 . Television Asia.
  2. Web site: McCarthy . John . 2018-10-03 . ITV 'no interest' in bidding for Big Brother and Peaky Blinders studio Endemol Shine Group . 1 February 2019 . The Drum.
  3. Web site: White . Peter . ITV Officially Enters Bidding For 'Black Mirror' & 'Big Brother' Producer Endemol Shine – Report . Deadline . 16 September 2018. 1 February 2019.
  4. Web site: Frater . Patrick . AMC Global Acquires 'Humans' From Endemol Shine . variety.com . 3 August 2015 . Variety . 1 February 2019.
  5. Web site: Clarke . Stewart . Amazon Nabs U.S. Streaming Rights for Tim Roth, Christina Hendricks Series 'Tin Star' . 21 July 2017 . Variety . 1 February 2019.
  6. Web site: Tracking the Giants 2018/2019 . MailChimp . K7 Media . 1 February 2019.
  7. Web site: Endemol Shine Distribution . Endemol Shine Distribution.
  8. Web site: Kanter . Jane . July 1, 2020 . Banijay Group's $2.2BN Endemol Shine Group Takeover Approved By European Commission . Deadline Hollywood.
  9. Web site: Sophie Turner Laing To Leave Endemol Shine Group As Banijay Group Completes $2.2BN Takeover. Deadline Hollywood. Kanter. Jake. July 3, 2020.
  10. Web site: Statement from 21st Century Fox Regarding Intention to Form Joint Venture with Funds Managed by Affiliates of Apollo Global Management Endemol, Shine Group and Core Media Group – 21st Century Fox. 1 August 2018. https://web.archive.org/web/20180801063927/https://www.21cf.com/news/21st-century-fox/2014/statement-21st-century-fox-regarding-intention-form-joint-venture-funds/. 1 August 2018.
  11. Web site: 21st Century Fox and Apollo Announce Agreement to Create a Leading Global Multi-platform Content Provider, Bringing Together Endemol, Shine Group and Core Media – 21st Century Fox. 1 August 2018. https://web.archive.org/web/20180801015954/https://www.21cf.com/news/21st-century-fox/2014/21st-century-fox-and-apollo-announce-agreement-create-leading-global/. 1 August 2018.
  12. Web site: Tim Hincks to Serve as President of the New Joint Venture Endemol, Shine Group and CORE Media . 28 February 2020 . 28 February 2020 . https://web.archive.org/web/20200228215315/http://www.shinegroup.tv/news/tim-hincks-to-serve-as-president-of-the-new-joint-venture-comprised-of-endemol-shine-group-and-core-media . dead .
  13. Web site: North America Leadership Team Announced for the New Joint Venture Endemol, Shine Group and CORE Media . 28 February 2020 . 28 February 2020 . https://web.archive.org/web/20200228215318/http://www.shinegroup.tv/news/north-america-leadership-team-announced-for-the-new-joint-venture-comprised-of-endemol-shine-group-and-core-media . dead .
  14. Web site: Endemol - North America Leadership Team Announced for the New Joint Venture Endemol, Shine Group and CORE Media. 9 March 2015. https://web.archive.org/web/20150309202011/http://www.endemol.com/news/article/north-america-leadership-team-announced-for-the-ne. 9 March 2015.
  15. Web site: 21st Century Fox and Funds Managed by Apollo Complete Transaction to Create a Leading Global Multi-platform Content Provider, Bringing Together Endemol, Shine Group and Core Media. 21st Century Fox. 1 August 2018. https://web.archive.org/web/20180801015922/https://www.21cf.com/news/21st-century-fox/2014/21st-century-fox-and-funds-managed-apollo-complete-transaction-create/. 1 August 2018.
  16. Web site: New Joint Venture ‘Endemol Shine Group’ Launches . 28 February 2020 . 28 February 2020 . https://web.archive.org/web/20200228210658/http://www.shinegroup.tv/news/new-joint-venture-endemol-shine-group-launches . dead .
  17. Web site: 5 April 2011 . News Corp Completes Deal To Buy Shine Group . Deadline Hollywood.
  18. Web site: Endemol - Endemol Shine Group Announces Further Senior Appointments. 9 March 2015. https://web.archive.org/web/20150309201950/http://www.endemol.com/news/article/endemol-shine-group-announces-further-senior-appoi. 9 March 2015.
  19. Web site: Endemol Entertainment Holding NV. www.referenceforbusiness.com. 7 February 2018.
  20. Web site: The TV company behind 'Black Mirror,' part-owned by Fox, has hired banks for a sale that could fetch up to $4 billion. Alex. Sherman. 19 June 2018. CNBC.
  21. Web site: Clarke . Stewart . Chu . Henry . 19 September 2018 . Endeavor Eyes Possible Bid for Endemol Shine . Variety.
  22. Web site: Szalai . Georg . Roxborough . Scott . 7 July 2018 . Indie Giants Circle Endemol Shine as Bidding Heats Up . 28 February 2022 . The Hollywood Reporter.
  23. Web site: Keslassy . Elsa . 4 October 2018 . Banijay in Advanced Talks to Acquire Endemol Shine . Variety.
  24. News: Busvine . Douglas . 29 August 2018 . UPDATE 1-Broadcaster RTL walks away from Endemol; to focus on... . Reuters .
  25. Web site: White . Peter . 13 September 2018 . BBC Studios Rules Out Bid For 'MasterChef' & 'Black Mirror' Producer Endemol Shine . Deadline Hollywood.
  26. Web site: Ahmed . Nabila . Mayes . Joe . Shaw . Lucas . Syed . Sarah . 23 Sep 2018 . Virgin Media owner backs out of Endemol deal . Independent.ie.
  27. Web site: ITV Officially Enters Bidding For 'Black Mirror' & 'Big Brother' Producer Endemol Shine – Report. Peter. White. 16 September 2018.
  28. Web site: Clarke . Stewart . Chu . Henry . 3 October 2018 . ITV Rules Out Bid for Endemol Shine . Variety.
  29. Web site: Endemol Shine Sale Options Narrow With ITV Withdrawal, Industry Shifts. Stewart. Clarke. Cynthia. Littleton. 18 October 2018.
  30. Web site: Exclusive: Banijay eyes joint bid for Endemol. 11 October 2018. TBI Vision.
  31. Web site: Endemol Shine Sale to Be Completed Within Weeks, Top Exec Says. Henry. Chu. 18 September 2018. Variety.
  32. Web site: Endemol Shine Sale Called Off (EXCLUSIVE). Stewart. Clarke. 6 November 2018. Variety.
  33. News: Szalai . Georg . Roxborough . Scott . 6 November 2018 . Disney's Fox Deal Gets European Union Clearance Subject to Divestments . The Hollywood Reporter .
  34. Web site: Clarke . Stewart . Keslassy . Elsa . 22 October 2019 . Banijay Close to Securing $2.2 Billion Deal for Endemol Shine . Variety.
  35. Web site: Banijay Group to Acquire Endemol Shine Group | Endemol Shine Group. 26 October 2019. https://web.archive.org/web/20191026181954/http://www.endemolshinegroup.com/banijay-group-to-acquire-endemol-shine-group/. 26 October 2019.
  36. Web site: Clarke . Stewart . Keslassy . Elsa . 26 October 2019 . Banijay Seals Deal for Endemol Shine, Paving Way for Huge New Global Player . . en-US.
  37. Web site: Banijay Group Raises $2.6B In Refinancing For Endemol Shine Group Takeover. Jake. Kanter. 10 February 2020.
  38. Web site: White . Peter . 3 November 2021 . Endemol Shine North America Moves Into Podcasting Via Deal With 'The Piketon Massacre' Producer KT Studios . Deadline Hollywood.
  39. Web site: Home. Banijay Group - We are Banijay.
  40. de la Fuente . Anna Marie. 17 October 2017 . Mipcom: Endemol Shine Latino Co-produces Drama Series on Latin Boy Band, Menudo . Variety. 21 December 2018.
  41. Web site: Endemol Shine UK Labels. Endemol Shine UK.
  42. News: Slatterly, Laura . 8 January 2015 . Not a Corker Yet: Schedule Challenges for UTV Ireland . . https://web.archive.org/web/20160307131856/https://www.highbeam.com/doc/1P2-37548385.html . dead . 7 March 2016 .
  43. Web site: Endemol Shine North to rebrand as Workerbee. endemolshineuk.com. 25 April 2019. 7 November 2018.
  44. Web site: About Us I Zeppotron.
  45. Web site: Zeppotron Launches New Production Label Definitely. Endemol Shine UK. 10 May 2010.
  46. Web site: EndemolShine Nordics. EndemolShine Group.
  47. Web site: New Endemol Shine Nordics Roles Announced . 28 February 2020 . 28 February 2020 . https://web.archive.org/web/20200228221726/http://www.shinegroup.tv/news/new-endemol-shine-nordics-roles-announced . dead .
  48. Web site: Endemol Shine Finland moves into scripted with Dionysos Films alum. 4 October 2019. TBI Vision.
  49. Web site: Unsere Tochterfirmen under Joint Ventures. Endemol Shine Germany. 10 May 2019. 28 March 2019. https://web.archive.org/web/20190328005717/https://www.endemolshine.de/who-we-are/unsere-tochterfirmen-und-joint-ventures/. dead.
  50. Web site: Endemol Shine Group unveils new scripted label in Germany. Endemol Shine Group. 25 February 2020.
  51. Web site: Endemol Shine Sets Up German Scripted Label Ahead of Banijay Acquisition. Manori Ravindran. Variety. 20 February 2020. 28 February 2020.
  52. Web site: Endemol Shine Iberia Companies. https://web.archive.org/web/20171225203348/https://www.endemolshineiberia.com/aviso-legal/aviso-legal-2/. dead. 2017-12-25. Endemol Shine Iberia.
  53. Web site: Endemol Shine Group Launches New Creative and Production Hub in Iberia . 28 February 2020 . 28 February 2020 . https://web.archive.org/web/20200228220223/http://www.shinegroup.tv/news/endemol-shine-group-launches-new-creative-and-production-hub-in-iberia . dead .
  54. Web site: Producer Imogen Banks signs new deal at Endemol Shine. TV Tonight. 24 February 2016.
  55. Web site: О компании | WeiT Media. weitmedia.com.

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