Announcement • Jul 15
Lionsgate Studios Reportedly Attracts Takeover Interest from Bollore and Banijay Lionsgate Studios Corp. (NYSE:LION) the entertainment company behind the "Hunger Games" and "John Wick" franchises, is exploring a sale and has attracted takeover interest from Bolloré SE (ENXTPA:BOL), as consolidation accelerates across the media industry, three people familiar with the matter said. The company, which has a market value of about $3.8 billion, has been working with an investment bank to evaluate inbound approaches, the sources said, requesting anonymity because the discussions are confidential. Sources warn a deal is not certain, and Lionsgate could still remain independent. Banijay Group N.V. (ENXTAM:BNJ), the television production company behind hits such as "Big Brother" and "Survivor" that earlier this year completed its merger with All3Media, is among other suitors that have considered a bid for Lionsgate Studios, two of the people said. A bid from Banijay may take time as the company remains focused on integrating All3Media, another source added. Bollore wants to bolster the production capabilities of Canal+, the pay-TV company in which it holds a controlling interest. Lionsgate and Banijay declined to comment. Bollore did not respond to a request for comment made outside of business hours. Shares in Lionsgate jumped as much as 9% in after-hours trading following the report by Reuters on possible takeover interest. The interest reflects a broader push by European media companies to build scale and secure sought-after intellectual property as they compete with global streaming giants. Lionsgate Studios owns a catalogue of films and television series that includes "The Twilight Saga" franchises and the recent Michael Jackson biopic "Michael," which grossed more than $1 billion at the box office. The discussions come as Lionsgate director and shareholder Mark Rachesky earlier this month transferred the roughly 10% stake he holds through his private equity fund into a newly created investment vehicle backed by RenWave Kore, according to a securities filing. RenWave Kore, founded in 2024 by Cody Kittle, a former portfolio manager at activist investor Elliott Investment Management, is backed by Sequoia Heritage. The valuation sought by shareholders could make it difficult for bidders to reach an agreement, two of the sources said. One of them added that previous interested parties walked away because of price expectations. Investors are paying 26 times expected pretax profit for shares in Lionsgate, according to LSEG data, a premium to peer companies. Announcement • Jul 10
Banijay Group N.V. Announces Exceptional Dividend Banijay Group N.V. announced Banijay Group and RedBird IMI, the joint venture backed by RedBird Capital Partners and Abu Dhabi-based IMI media group, announced the successful completion of the merger of Banijay Entertainment and All3Media, creating a leading global media and entertainment powerhouse. This transaction has implied a total cash upstream for Banijay Group of €801 million, including a payment of €625 million to Banijay Group by RedBird IMI and a €176 million pre-closing dividend paid by Banijay Entertainment to Banijay Group to reflect the valuations of All3Media and Banijay Entertainment agreed for the purpose of the transaction, with all payments made in euros. Furthermore, as presented at Banijay Group’s strategic update in March 2026, an exceptional dividend of €0.93 per share will be distributed post this closing to Banijay Group’s shareholders. Declared Dividend • May 25
Dividend of €0.35 announced Dividend of €0.35 is the same as last year. Ex-date: 29th May 2026 Payment date: 3rd June 2026 Dividend yield will be 3.9%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (61% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has decreased over the past 3 years, but has still been somewhat stable with no excessively large reductions to payments. EPS is expected to grow by 70% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Board Change • May 22
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Vice Chairman Isabelle Seillier was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 21
Banijay Group N.V. Announces Board and Committee Changes Banijay Group N.V. announced that on 18 May 2026, Anthony Stent Torriani has been appointed as Independent Board member and member of the Audit Committee. He replaces Albert Manzone who resigned. Reported Earnings • May 20
First quarter 2026 earnings released First quarter 2026 results: EPS: €0.065. Revenue: €1.15b (up 5.8% from 1Q 2025). Net income: €27.7m (down 16% from 1Q 2025). Profit margin: 2.4% (down from 3.0% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Entertainment industry in Germany. Announcement • May 20
Banijay Group N.V. to Report First Half, 2026 Results on Jul 29, 2026 Banijay Group N.V. announced that they will report first half, 2026 results on Jul 29, 2026 Announcement • Apr 16
Banijay Group N.V., Annual General Meeting, May 27, 2026 Banijay Group N.V., Annual General Meeting, May 27, 2026. Location: mediarena 2, 1114 bc amsterdam-duivendrecht, amsterdam Netherlands Announcement • Apr 10
Banijay Group N.V. to Report Q1, 2026 Results on May 18, 2026 Banijay Group N.V. announced that they will report Q1, 2026 results at 5:40 PM, Central European Standard Time on May 18, 2026 Announcement • Mar 06
Banijay Group N.V Proposes Dividend for Full Year 2025 Banijay Group N.V. proposed dividend of €0.35 per share, equal to 33.4% payout ratio on Adjusted net income for the full year 2025. Announcement • Jan 15
Banijay Reportedly in Talks to Merge with All3media The production companies behind Peaky Blinders and The Traitors are in talks to merge after abandoning a push to buy ITV's studio division. Banijay Group N.V. (ENXTAM:BNJ), the French company behind, the Birmingham-set gangster drama, as well as MasterChef, is said to be in discussions to merge with Traitors-maker All3Media Limited, owned by RedBird IMI. If confirmed, a tie-up would create one of the world's largest production groups with operations spanning Europe. The joint entity would have around £5 billion in revenues. Banijay, All3Media and RedBird IMI declined to comment. Announcement • Oct 28
Banijay Group N.V. Announces Board Changes, Effective from January 1, 2026 Banijay Group N.V. announced that as of January 1 2026, Nicolas Béraud, Betclic CEO, will become Chairman of the Board of Banijay Gaming. After completion of the transaction, Joachim Baca, former CEO of Tipico, will become Vice-Chairman of the Board of Banijay Gaming. Announcement • Sep 16
Banijay Group N.V. Announces Resignation of François Laroze as Non-Executive Director Banijay Group N.V. announced that Non-Executive Director François Laroze has notified the Company of his intention to resign from its Board of Directors and HR&ESG Committee effective immediately. Announcement • Aug 05
Banijay Group N.V. to Report Q3, 2025 Results on Nov 06, 2025 Banijay Group N.V. announced that they will report Q3, 2025 results on Nov 06, 2025 Announcement • Jun 23
Banijay Group N.V. to Report First Half, 2025 Results on Jul 31, 2025 Banijay Group N.V. announced that they will report first half, 2025 results on Jul 31, 2025 Announcement • May 21
Banijay Group N.V. announces Annual dividend, payable on June 12, 2025 Banijay Group N.V. announced Annual dividend of EUR 0.3200 per share payable on June 12, 2025, ex-date on May 26, 2025 and record date on May 27, 2025. Announcement • Apr 04
Banijay Group N.V., Annual General Meeting, May 22, 2025 Banijay Group N.V., Annual General Meeting, May 22, 2025. Location: mediarena 2, 1114 bc amsterdam-duivendrecht, amsterdam Netherlands Announcement • Mar 08
Banijay Group N.V. Proposes Dividend Banijay Group N.V. Proposed dividend of €0.35 per share, equal to 35% payout ratio on Adjusted net income. Announcement • Mar 06
Banijay Group N.V. to Report Q1, 2025 Results on May 15, 2025 Banijay Group N.V. announced that they will report Q1, 2025 results After-Market on May 15, 2025 New Risk • Nov 12
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 23% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.5x net interest cover). Minor Risks Negative equity (-€42m). Dividend is not well covered by earnings (166% payout ratio). Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.8% increase in shares outstanding). Reported Earnings • Nov 09
Third quarter 2024 earnings released Third quarter 2024 results: EPS: €0.039. Revenue: €1.03b (up 9.4% from 3Q 2023). Net income: €16.7m (up 114% from 3Q 2023). Profit margin: 1.6% (up from 0.8% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Entertainment industry in Germany. Announcement • Nov 08
Banijay Group N.V. Confirms Earnings Guidance for the Full Year 2024 Banijay Group N.V. confirms its 2024 guidance of organic Adjusted EBITDA growth in the low teens. This reflects the continued profitable growth expected for each business segment. Strong pipeline at Content production & distribution, expected to generate fiscal year 2024 organic revenue growth: Major scripted shows are expected to be delivered in fourth quarter of 2024, including new seasons of Marie-Antoinette for Canal+, Carême for Apple TV+, and SAS Rogue Heroesfor BBC One in the UK. Announcement • Nov 07
Banijay Group N.V. to Report Fiscal Year 2024 Results on Mar 06, 2025 Banijay Group N.V. announced that they will report fiscal year 2024 results After-Market on Mar 06, 2025 New Risk • Aug 07
New major risk - Negative shareholders equity The company has negative equity. Total equity: -€65m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.3x net interest cover). Negative equity (-€65m). Minor Risks Dividend is not well covered by earnings (166% payout ratio). Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.8% increase in shares outstanding). Reported Earnings • Aug 02
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: €1.09b (up 6.8% from 2Q 2023). Net income: €17.3m (up €15.6m from 2Q 2023). Profit margin: 1.6% (up from 0.2% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Entertainment industry in Germany. Announcement • Aug 02
Banijay Group N.V. to Report Q3, 2024 Results on Nov 07, 2024 Banijay Group N.V. announced that they will report Q3, 2024 results on Nov 07, 2024 Announcement • May 24
FL Entertainment N.V. Approves Dividend for the Financial Year 2023, Payable on 18 June 2024 FL Entertainment N.V. at its AGM held on May 23, 2024 approved the adoption of a dividend of €0.35 per share for the Financial Year 2023, to be paid on 18 June 2024. Reported Earnings • May 17
First quarter 2024 earnings released First quarter 2024 results: EPS: €0.041. Revenue: €1.00b (up 11% from 1Q 2023). Net income: €17.3m (up 276% from 1Q 2023). Profit margin: 1.7% (up from 0.5% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Entertainment industry in Germany. Announcement • May 17
FL Entertainment N.V. to Report First Half, 2024 Results on Aug 01, 2024 FL Entertainment N.V. announced that they will report first half, 2024 results on Aug 01, 2024 New Risk • Apr 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.2x net interest cover). Minor Risks Dividend is not well covered by earnings (240% payout ratio). Shareholders have been diluted in the past year (2.8% increase in shares outstanding). Reported Earnings • Mar 10
Full year 2023 earnings released Full year 2023 results: Revenue: €8.64b (up 113% from FY 2022). Net income: €121.6m (up €209.6m from FY 2022). Profit margin: 1.4% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue is expected to decline by 23% p.a. on average during the next 3 years, while revenues in the Entertainment industry in Germany are expected to grow by 4.7%. Announcement • Mar 09
FL Entertainment N.V. Proposes Dividend for the Financial Year 2023 FL Entertainment N.V. proposed dividend for the financial year 2023 amounts to €148 million, that is €0.35 per share, representing a 46% payout ratio on Adjusted net income. It will be paid fully in cash and will be submitted for approval to the Annual General Meeting on 23 May 2024. Announcement • Mar 08
FL Entertainment N.V. to Report Q1, 2024 Results on May 15, 2024 FL Entertainment N.V. announced that they will report Q1, 2024 results on May 15, 2024 Announcement • Nov 21
FL Entertainment N.V. to Report Fiscal Year 2023 Results on Mar 07, 2024 FL Entertainment N.V. announced that they will report fiscal year 2023 results on Mar 07, 2024 New Risk • Nov 14
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.2x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.2x net interest cover). Minor Risks Negative equity (-€1.8m). Paying a dividend despite being loss-making. Large one-off items impacting financial results. New Risk • Aug 07
New major risk - Negative shareholders equity The company has negative equity. Total equity: -€123m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risk Negative equity (-€123m). Minor Risk Paying a dividend despite being loss-making. New Risk • Aug 04
New minor risk - Negative shareholders equity The company has negative equity. Total equity: -€123m This is considered a minor risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. It should be noted that some of the negative equity could be due to large buybacks of stock, which is not as much of a risk as a company with overwhelming debt, but likewise is not sustainable in the long-term. Currently, the following risks have been identified for the company: Minor Risks Negative equity (-€123m). Paying a dividend despite being loss-making. Reported Earnings • Aug 04
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: €1.02b (up 12% from 2Q 2022). Net income: €1.70m (up €38.2m from 2Q 2022). Profit margin: 0.2% (up from net loss in 2Q 2022). Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Entertainment industry in Germany. Announcement • Jun 22
FL Entertainment N.V. Creates 'Banijay Events' & Appoints François De Brugada as CEO FL Entertainment announced the creation of “Banijay Events”, a live events offering which will capitalise on the company’s expertise and success in content production, as well as expand its capabilities within the wider entertainment industry. The newly developed offering will be led by current Chief Executive Officer of Banijay France, François de Brugada. This announcement follows FL Entertainment’s recent new ventures – an investment into The Independents, and the acquisition of Balich Wonder Studio by Banijay. These investments in the events business, combined with the creation of Banijay Events, showcase FL Entertainment’s ambition to become a global leader in the production of live events. The new offering will sit as part of FL Entertainment’s leading global content production and distribution operations, led by Banijay’s Chief Executive Officer, Marco Bassetti. This strategic initiative is based on the assessment that the live events production industry has significant growth potential. It remains largely unconsolidated and has a business model very similar to that of content production and distribution, on which media and entertainment powerhouse, Banijay, was built. Banijay reached €3.2 billion in revenues for 2022, proving the strength of its long-term creative strategy and approach, on which FL Entertainment will further capitalise. Brugada has served as CEO of Banijay France since 2015, building an ecosystem of the best talents, labels and IP, firmly positioning the group as the country’s undisputed production leader. Having gathered a local holding currently comprising more than 15 production labels, Brugada was responsible for nurturing a local catalogue of almost 3,000 hours of diverse, premium content each year, a portfolio that has continued to evolve and prosper under his guidance. Having first joined Banijay at its inception in 2008 as EVP for Content, Brugada was then appointed Chief Operating Officer, partnering closely with Chairman, Stéphane Courbit, to support the organisation’s initial international expansion ambitions across France, Spain, the US, Nordics, Germany and Australia. In this position, he also initiated internal cross-territory format sharing and helped develop and position the organisation’s worldwide brand. Evolving and executing the group’s dedicated strategy, Brugada will be tasked with growing this part of the business, developing synergies with the rest of the group, and identifying additional companies to build its dedicated portfolio. Recruitment is currently underway to find a replacement CEO for Banijay France, with Brugada remaining in place until at least September, to ensure a smooth and effective transition period. Reported Earnings • Jun 01
First quarter 2023 earnings released: EPS: €0.011 (vs €0.056 loss in 1Q 2022) First quarter 2023 results: EPS: €0.011 (up from €0.056 loss in 1Q 2022). Revenue: €900.2m (flat on 1Q 2022). Net income: €4.60m (up €14.7m from 1Q 2022). Profit margin: 0.5% (up from net loss in 1Q 2022). Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Entertainment industry in Germany. Announcement • May 31
FL Entertainment N.V. to Report First Half, 2023 Results on Aug 02, 2023 FL Entertainment N.V. announced that they will report first half, 2023 results on Aug 02, 2023 Reported Earnings • May 03
Full year 2022 earnings released: €0.30 loss per share (vs €0.24 loss in FY 2021) Full year 2022 results: €0.30 loss per share (further deteriorated from €0.24 loss in FY 2021). Revenue: €4.05b (up 16% from FY 2021). Net loss: €88.0m (loss widened 105% from FY 2021). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Entertainment industry in Germany. Recent Insider Transactions • May 01
Non Executive Chairman recently bought €586k worth of stock On the 27th of April, Stephane Courbit bought around 58k shares on-market at roughly €10.18 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Stephane has been a buyer over the last 12 months, purchasing a net total of €1.4m worth in shares. Recent Insider Transactions • Apr 06
Non Executive Chairman recently bought €389k worth of stock On the 3rd of April, Stephane Courbit bought around 41k shares on-market at roughly €9.46 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Stephane has been a buyer over the last 12 months, purchasing a net total of €598k worth in shares. Recent Insider Transactions • Mar 27
Non Executive Chairman recently bought €112k worth of stock On the 23rd of March, Stephane Courbit bought around 12k shares on-market at roughly €9.00 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Stephane has been a buyer over the last 12 months, purchasing a net total of €167k worth in shares. Reported Earnings • Mar 17
Full year 2022 earnings released Full year 2022 results: Revenue: €4.05b (up 16% from FY 2021). Net loss: €88.0m (loss widened 105% from FY 2021). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Entertainment industry in Germany. Announcement • Jan 03
FL Entertainment N.V. to Report Fiscal Year 2022 Results on Mar 16, 2023 FL Entertainment N.V. announced that they will report fiscal year 2022 results on Mar 16, 2023 Board Change • Nov 17
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 11 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 30
FL Entertainment N.V. to Report Q3, 2022 Results on Nov 30, 2022 FL Entertainment N.V. announced that they will report Q3, 2022 results on Nov 30, 2022 Board Change • Jul 19
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 11 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.