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Over two-thirds of 2024’s top 100 films and shows were based on existing IP. Franchise movie commissions grew 43%, with DC titles leading the charge.

Founded in 1987 in Austin, Texas, SXSW is best known for its conference and festivals that celebrate the convergence of tech, film, music, education, and culture.

The co-development deal will give the label the flexibility to shape TBS’ new and existing formats for both Australian and global audiences. As part of the agreement, Banijay Entertainment has a first-look arrangement to produce the co-developed titles locally across its label footprint. The first TBS format in development with ESA is "The Insider", the take on the gameshow "Actor Vs Reactors".

Fukuda succeeds Akira Ishizawa, who will assume the role of Representative Director of the newly established Yomiuri Chukyo FS Broadcasting Holdings Corporation from the same date.

Partnership sees Rainbow Group gain investment from TEC Movie, an independent vehicle dedicated to investing in Rainbow and established as part of The Equity Club, a club deal initiative promoted by Roberto Ferraresi, Filippo Penatti and Mediobanca.