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Banijay Production & Distribution Revenues Dip In H1 But Group Keeps Faith In Full-Year Profits Growth
Banijay Results: production & distribution revenunes were down at the Big Brother & SAS: Rogue Heroes maker, owned by FL Entertainment.
“The traditional seasonality of content production and live events is amplified in 2024 due to major scripted show deliveries in Q4 2024,” the group said upon the unveiling of Banijay-owner FL Entertainment ‘s results. With these launches and other factors in mind including a “good pipeline of live shows in H2 2024,” the group confirmed guidance of “low-teens Adjusted EBITDA organic growth for 2024.” During the first six months of this year, Banijay also acquired Peaky Blinders producer Caryn Mandabach Productions along with rights to the Cillian Murphy-starrer, while it struck a global development deal with The Traitors creator Marc Pos.
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