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FL Entertainment announced the creation of Banijay Events, a live events offering which will capitalize on the company’s expertise in content production, as well as expand its capabilities within the entertainment industry.
Production company Banijay reported a 16.5% revenue hike last year to hit €3.2 billion, up on the €2.75 billion in 2021, following the group acquisition of 15 companies.
The production and distribution company will be part of FL Entertainment, which with this agreement happens to have an enterprise value of €7.2 billion ($7.6 billion), or €4.1 billion ($4.3 billion) in equity value.