Meta description: Banijay and All3Media are in advanced merger talks that could yield one of the largest global TV production companies, with combined revenues of $6.65 billion.
Two major television production entities are exploring a merger that would reshape the global content market. Banijay’s Entertainment & Life division and All3Media, owned by RedBirdIMI, are in discussions to combine operations. If approved, the new group would rank among the largest production businesses worldwide based on 2024 revenue figures.
What is known about the merger talks?
Discussions between Banijay and All3Media began late in 2025. Both groups see strategic value in combining production capacity to address competitive pressures from global streaming companies. No binding agreement has been reached, and the outcome remains uncertain. The talks follow Banijay’s decision to cease pursuing ITV Studios.
How large could the combined company be?
Based on reported 2024 figures, a combined Banijay–All3Media operation would generate approximately $6.65 billion in annual revenue. That scale would place the merged business at the forefront of global production, with significant bargaining power in licensing and distribution.
Why is this merger being considered now?
Banijay and RedBirdIMI aim to strengthen their market position against increasingly consolidated streaming and media corporations. In 2024, RedBirdIMI acquired All3Media and subsequently explored a merger with ITV Studios. While that path did not materialize, shifting industry dynamics and acquisition opportunities have kept strategic consolidation on the table.
The talks also coincide with ITV negotiating a potential sale of its broadcast business to Comcast. If that transaction proceeds, ITV Studios would operate separately, altering competitive alignments in the sector.
What content assets are involved?
Banijay owns more than 130 production companies, including Kudos, Tiger Aspect, The Forge, and Zeppotron. Its library features major entertainment formats like Big Brother. All3Media’s subsidiaries include Lion Television, Raw, Silverback, Two Brother Pictures, and Neal Street Productions. The group is known for scripted and unscripted hits, including Peaky Blinders and The Traitors.
Combining these portfolios would result in one of the most expansive content libraries globally, with cross-selling potential across networks and platforms.
FAQ
1. Has the deal been finalized?
No. The companies are in advanced discussions, but there is no definitive agreement at this stage.
2. What is the estimated revenue of the combined entity?
Approximately $6.65 billion based on 2024 financial data.
3. Why did Banijay halt talks with ITV Studios?
The company pivoted to exploring alternatives that could deliver comparable scale, leading to discussions with All3Media.
4. Who owns All3Media?
It is owned by RedBirdIMI, which acquired the business in 2024.
5. What market challenge does this merger address?
The consolidation is aimed at countering competitive pressure from dominant streaming platforms and securing stronger negotiating positions.
Key takeaways
The potential merger of Banijay’s Entertainment & Life unit with All3Media represents a significant consolidation in global TV production. If executed, it would combine billions in revenue, extensive content libraries, and multifaceted creative talent under a single corporate structure. For founders, investors, and industry strategists, this move signals continued momentum toward scale and vertical integration as defenses against streaming market consolidation.
Disclaimer
This article is for informational purposes and does not constitute financial advice, investment recommendation, or solicitation.