Banijay Group Buys Majority Stake in French Production House Terence Films

Marco Bassetti attends 'Mamma Mia' Rome Launch 2011 - Getty-H 2018
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The company is behind TF1's 'Les Innocents' and France 2's 'Fortunes.'

French independent production powerhouse Banijay Group has taken a majority stake in French production house Terence Films.

The French drama leader founded in 2005 by Stephane Meunier and Bertrand Cohen is behind TF1's Les Innocents and France 2 and Arte's Fortunes. Les Innocents also runs on Amazon Prime Video. Financial terms weren't disclosed.

Terence Films co-produced Cut, with Banijay France and Banijay-owned Adventure Line Productions for France 0.

“As we continue to grow our scripted footprint worldwide, we are seeking to partner with leading storytellers who have a proven track record for delivering mainstream content,” said Banijay CEO Marco Bassetti. "Boasting an award-winning slate and an admirable reputation, Terence Films acts as the perfect addition to our existing portfolio and we look forward to collaborating with Meunier and Cohen to develop a raft of new drama for the local and global markets."

The acquisition strengthens its position in scripted production in France. The company founded by Stephane Courbit a decade ago is celebrating its 10th anniversary this year and on a global expansion tear after acquisitions in the U.K, launching studios in Asia, Italy and Germany, and is currently in talks to acquire Endemol Shine.

It merged with Zodiak Media in 2016, making it the largest indie content producer in the world. French media giant Vivendi also owns a 28.4 percent stake in the company.