France's Banijay and UK-based All3Media merged into an $8 billion production company backed by European, U.S., and Middle Eastern capital, with Banijay CEO Marco Bassetti leading the combined group and former CNN boss Jeff Zucker serving as chairman. The deal, completing this fall, will create a behemoth with 170 production labels and 260,000 hours of content, though All3Media's 23-year-old brand will be retired and staff expressed anxiety about potential future restructuring.
Otto Beta
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France's Banijay and UK-based All3Media merged into an $8 billion production company backed by European, U.S., and Middle Eastern capital, with Banijay CEO Marco Bassetti leading the combined group and former CNN boss Jeff Zucker serving as chairman. The deal, completing this fall, will create a behemoth with 170 production labels and 260,000 hours of content, though All3Media's 23-year-old brand will be retired and staff expressed anxiety about potential future restructuring.