The media companies have completed the deal, making the newly created Banijay Group a global production and distribution force with operations in 17 territories.
Banijay Group’s founder Stéphane Courbit has been named chairman and Banijay’s CEO Marco Bassetti will serve as CEO of the company.
Together, the new producer/distributor of drama, factual, reality entertainment, docu-drama, children’s and animation programming boasts revenues of over $1bn.
Both companies’ distribution operations have also merged and will be led by Zodiak Rights’ CEO Tim Multimer, who is now head of distribution under the Zodiak Rights name.
Additional executive changes include the promotion of Banijay’s CFO Sophie Kurinckx to CFO of the entire group, and the appointment of Frédérique Sauvage to general counsel.
It is currently unclear how the merger will affect the operation of Zodiak Kids.
After an extensive executive reshuffling in 2014 that saw former executives Nigel Pickard, David Michel and Vincent Chalvon-Demersay depart the company, and Jean-Philippe Randisi land the newly created role of CEO, the company consolidated its production operations under the Zodiak Kids Studios banner in 2015 and named industry veteran and former head of the foundation Michael Carrington as CEO.