Fiction
Radaan reports lower numbers in Q3-2014
BENGALURU: The R. Radhikaa Sharathkumar led south Indian television production house Radaan Mediaworks Limited (Radaan) reported Q3-2014 standalone revenue of Rs 7.11 crore, (10.4) per cent lower than the Rs 7.93 crore in Q3-2013 and (3.7) per cent lower than the Rs 7.39 crore q-o-q. In 9M-2013, the company reported a drop in revenue of (5.2) per cent to Rs 23.63 crore from Rs 24.93 crore. For FY 2013, the company reported revenue of Rs 34.19 crore.
The company’s EBIDTA at Rs 0.5479 crore in Q3-2014 was (18.7) per cent lower than the Rs 0.6737 crore in Q3-2013 and was (17.1) per cent lower than the Rs 0.601 crore in Q2-2014. In 9M-2014, its EBIDTA at Rs 1.8031 crore was (16) per cent less than the Rs 2.1478 crore in 9M-2013. For FY 2013, the company’s EBIDTA was Rs 3.0544 crore.
Let us look at the other Q3-2014 figures reported by Radaan
Radaan reported Total expense of Rs 6.72 crore in Q3-2014, which was (9.7) per cent lower than the Rs 7.44 crore in Q3-2013 and was (2.4) per cent lower than the Rs 6.88 crore in Q2-2014. In 9M-2014, the company’s Total expense was down (12.2) per cent to Rs 20.79 crore from Rs 23.67 crore in 9M-2013. In FY 2013, the company’s Total expense was Rs 31.06 crore.
PAT for Q3-2014 was down (34.5) per cent to Rs 0.1255 crore from Rs 0.1943 crore in Q3-2013 and was (37.6) per cent lower than the Rs 0.2010 crore in Q2-2014. Over the nine month period ended 31 December, 2013, Radaan’s PAT was 16.7 per cent more at Rs 0.5094 crore than the Rs 0.4365 crore in 9M-2013. For FY 2013, the company reported PAT of Rs 1.0509 crore.
The company’s expense on Television serials and events (TV cost) at Rs 5.96 crore in Q3-2014 was (1.2) per cent lower than the Rs 6.04 crore in Q3-2013 and 0.7 per cent lower than the Rs 6.01 crore in Q2-2014. In 9M-2014, Radaan’s TV cost at Rs 17.29 crore was 18.2 per cent lower than the Rs 21.14 crore in 9M-2013. For FY 2013, its TV cost was Rs 27.44 crore.
The company’s finance cost in Q3-2014 at Rs 0.27 crore was (8.7) per cent lower than the Rs 0.2958 crore in Q3-2013 and was 12.6 per cent less than the Rs 0.3088 crore in the immediate trailing quarter. In 9M-2014, Radaan’s finance cost was Rs 0.8453 crore, 2.4 per cent more than the Rs 0.8252 crore in 9M-2013. In FY 2013, the company’s finance cost was Rs 1.1284 crore.
Fiction
Banijay merges with All3Media in $6.65 billion deal
Marco Bassetti will lead the combined company as CEO
PARIS: Six years after acquiring Endemol Shine at the height of the pandemic, Banijay has struck again. The European production heavyweight is merging with All3Media in a deal that will create a television titan with $6.65 billion in revenue and redraw the contours of a fast-consolidating market.
The combined company will trade under the Banijay name and be owned 50 per cent each by Banijay Group and RedBird IMI, which acquired All3Media in 2024. The transaction is expected to close by autumn, subject to regulatory approvals.
Banijay Entertainment CEO Marco Bassetti, will take the top job at the enlarged group. All3Media CEO Jane Turton becomes deputy CEO. RedBird IMI CEO Jeff Zucker will serve as chairman.
The logic is scale. Broadcasters are commissioning less, streamers are tightening budgets and global buyers are fewer but bigger. Against that backdrop, heft matters. The merged entity will generate roughly $6.65 billion in revenues based on 2024 figures, giving it sharper elbows in rights negotiations and deeper pockets for franchise-building.
“Entrepreneurialism, ambition and creativity” remain core to Banijay’s DNA, Bassetti said, flagging plans to invest more heavily in new intellectual property, live events and emerging platforms. Turton struck a similarly bullish note, pointing to All3Media’s journey from a 2003 start-up to a global supplier of hit formats and high-end drama.
Between them, the two groups control a formidable slate. Banijay’s catalogue spans MasterChef, Big Brother, Survivor, Black Mirror, Peaky Blinders and Deal or No Deal. All3Media’s labels include Studio Lambert, producer of The Traitors and Squid Game: The Challenge; Two Brothers, behind The Tourist; and Neal Street, currently producing the forthcoming Beatles biopics directed by Sam Mendes for Sony.
The back catalogue is equally muscular. Banijay Rights holds some 220,000 hours, while All3Media International adds around 35,000 hours, forming one of the industry’s largest libraries.
Banijay, controlled by French entrepreneur Stéphane Courbit and listed in Amsterdam, counts more than 130 production companies across 25 territories. All3Media operates over 40 labels, with strong positions in the UK, US and Germany. The enlarged group will also lean into live entertainment, building on Banijay’s Balich Wonder Studio, which produced the opening ceremony of the Milan-Cortina Winter Olympics, and the Independents.
The deal marks a shift in tone. As recently as October, Bassetti suggested that mergers and acquisitions were not a priority. But the drumbeat of consolidation has grown louder. Mediawan has moved for Peter Chernin’s North Road. David Ellison’s Paramount has agreed to a $110 billion takeover of Warner Bros, with plans to combine HBO Max and Paramount plus. ITV has explored selling its media and entertainment arm to Comcast-owned Sky, though talks have reportedly slowed.
