CEO Marco Bassetti has said that the ongoing coronavirus pandemic has served to accelerate the shift of television production from linear to non-linear services.International Council Summit on Tuesday, Bassetti said, “COVID gave a kind of acceleration of what is already a trend in our industry, where there is a clear shift between linear to nonlinear.”
Banijay took over the Endemol Shine Group in a $2.2 billion deal over the summer, making it the largest non-U.S. independent production player. The group’s combined IP includes the likes of “Survivor,” “Black Mirror,” “Versailles” and “Mr. Bean.” Reflecting on the acquisition, Bassetti said, “For us, our business is a business of formats, IP and talent. Cannot be one without the other.”
The combined company is now spread over 22 territories around the world. Abrego spoke about the advantage of having what he described as a “global brain trust.”