Endemol’s debt deal progresses

Two of Endemol’s key lenders have agreed a deal that will enable the TV producer, distributor and channel operator to more easily complete its restructuring. The Financial Times reports that Endemol’s biggest lender, Barclays, has opposed the debt for equity restructuring favoured by other creditors. However, one of those creditors, Apollo, has acquired Barclays interest. […]

Endemol restructuring enters final phase

Endemol said today that most of its lenders have now agreed on a restructuring plan for the debt-laden production and distribution giant. The company said it has reached a milestone in the restructuring process whereby over two-thirds of lenders are agreed on principle on the future shape of the company and its financial structure.
It added […]

Endemol will reject bids in favour of debt for equity deal

Producer and distributor Endemol will reject takeover approaches and instead pursue a debt for equity swap, according to the Financial Times. The newspaper cited people familiar with the situation as saying the business is unlikely to be sold and a debt for equity deal will be pursued instead, wiping about €2.3 billion from Endemol’s €2.8 […]

Time Warner’s Endemol deal worth €1 billion

Time Warner is reportedly offering about €1 billion for Endemol in a deal that would involve the US media giant providing the producer and distributor with €100 million of working capital. The Time Warner bid came to light late last week and followed news of another potential deal that would see existing Endemol shareholder and […]

Mediaset and private equity group in Endemol talks

Mediaset and private equity fund Clessidra are discussing injecting €400-500 million of cash into debt-ridden producer and distributor Endemol, according to an Italian press report. According to the report, Italian broadcaster Mediaset, an Endemol shareholder, and Clessidra are eyeing relaunching a recapitalised Endemol as a way of averting existing creditors from converting debt into equity […]

Rebranded MyVideoRights raises £2.75 million

MyVideoRights, the online rights exploitation company, has received a cash injection of £2.75 million (€3.2 million). It will use the money to develop apps for smartphones, connected TVs and tablets and to expand within Europe and the US. The money comes from MMC Ventures, YouTube EMEA partnerships director Patrick Walker and former Endemol exec Peter […]

ITV linked to Endemol bid

ITV is being linked to bid for production and distribution group Endemol. UK reports suggest that the UK commercial broadcaster could take control by taking on Endemol’s debt, which is thought to stand at about US$2 billion (€1.4 billion). UK newspaper reports also suggest that ITV is evaluating the possibility of a joint venture with […]