Banijay Group and Zodiak Media have agreed terms to unite their complementary catalogues and production units. With combined revenues of around $1 billion, the merger creates one of the world’s biggest independent production and distribution companies and the largest not controlled by a media group.

Stéphane Courbit is set to be named Chairman and Marco Bassetti will be appointed CEO of the merged company.

The new Group will now have a footprint in more than 18 territories producing entertainment, drama, factual, reality entertainment, docu-drama, children’s and animation programming. An extensive sales arm will handle worldwide rights distribution and licensing for both in-house and third party content.

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