Banijay takes complete control of Endemol Shine India

Banijay announced the completion of its buy-out of Endemol Shine India.

Both Banijay Asia, and Endemol Shine India will now work under the leadership of Deepak Dhar, who’s been appointed as the Founder and Group CEO.

Banijay has acquired an additional 49% stake in content production company Endemol Shine India from CA Media. Prior to the acquisition, Banijay held a 51% stake in Endemol Shine India.

According to reports, Banijay has paid between $90 million and $100 million (Rs 738 crore-Rs 821 crore) to CA Media for the buyout.

As per the reports, the company's valuation falls within the range of $180 million to $200 million in the transaction.

Deepak Dhar

Dhar, Founder and Group CEO - Banijay Asia and Endemol Shine India, commented, “The reorganisation of Banijay in Asia is our biggest and boldest move yet and aligns with our ambition to drive further growth in India and Asia at-large. Leveraging the creative potential and possibilities of both brands, we will now strategically pursue complimentary yet independent creative portfolios to offer the most diverse, and compelling cross-genre content from across the globe, to our Indian and Asian platforms and screens.”

Commenting on the restructuring, Marco Bassetti, CEO, Banijay, said, “Deepak is a leading creative and entrepreneurial force in Asia, and in our partnership thus far, he has successfully created an impressive slate and a host of fruitful partnerships with major buyers and partners worldwide. In this new phase for the business, he will now focus on unlocking and aligning other strategic growth avenues to put Banijay in a dominating position, both in India, as well as Asia.”

Having led Endemol’s India operations between 2005 and 2018, before launching Banijay Asia and overseeing its strategic growth, Dhar will now continue his focus on leading the wider group’s content strategies, partnerships, new business, and alliances, in addition to building both companies’ reputations in generating new IP, which can travel the world.

In line with the changes, and with the aim of unlocking greater synergies, Dhar will now finesse the structure of Banijay in the region, setting group-wide roles, as well as dedicated creative positions within the respective production entities. Key personnel-related news is expected to be shared in the coming few weeks.

Dhar further said, “I’ve been fortunate to have been involved in the growth of both businesses since their inception in India. Now, managing both to drive growth across the region, is a bit of a surreal feeling. I look forward to working closely with my colleagues at Endemol Shine India and Banijay Asia to continue to create path-breaking content and have fun along the way.”

Over the last few years, Banijay Asia has delivered scripted adaptations like The Night Manager, Call My Agent Bollywood, Hostages, and Fall, and Originals like Dahan, Matsya Kaand, Undekhi, Tribhanga amongst many others.

The content studio’s upcoming shows include Indian adaptations of The Good Wife, Monk, House and Suits. On the non-scripted front, Banijay is leading the genre with blockbuster titles like The Kapil Sharma Show, MTV Roadies, The Voice, The Big Picture, Into The Wild with Bear Grylls, Case Toh Banta Hai and more. The content studio’s upcoming shows include Survivor and Temptation Island.

Meanwhile, since 2005, Endemol Shine India has established a strong reputation as the leading producer of Bigg Boss across 9 regions, as well as the Indian adaptations of Fear Factor, MasterChef and Deal or No Deal. On the Scripted front, apart from Bombay Begums, Trial By Fire and Tooth Pari, of late, the label has announced a third season of International Emmy-nominated Aarya, and a Hindi adaptation of The Bridge (Bron/Broen).

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