Banijay Entertainment Posts Flat Year Of Sales Amid “Industry Headwinds”

deadline.com:

Banijay Entertainment, the European production giant that sits within Banijay Group, has reported flat revenues of €3.3B ($3.5M) for 2024.

The owner of Peaky Blinders and MasterChef posted stable sales amid what it described as “industry headwinds,” including streamers and broadcasters cutting spending.

Content production revenue stood at €2.6B last year, down 2.8% compared with 2023, though Banijay did point to a strong final quarter due to the phased delivery of scripted series.

Banijay Entertainment’s adjusted EBITDA grew 6.6% to €528M at constant exchange rates, according to full-year earnings for the Euronext-listed company.