Unscripted streamer Curiosity has appointed Ludo Dufour to the new role of Vice President of Licensing.
09.11.2023 - 16:39 / deadline.com
French production powerhouse Federation Studios is investigating strategic options that could include its full or partial sale, according to a Reuters news agency report on Thursday.
The report said that the Paris-based company been auditioning investment banks for an advisor role in recent weeks.
One source told Reuters that the company could begin an auction process next year, but the report also added that the current talks might not lead to any concrete sale plans.
A potential deal would see the company valued at around 500 million euros ($535m), it added.
Prolific French producer Pascal Breton launched Federation in 2015 and it has since grown into one of Europe’s leading production groups, with landmark shows including The Bureau and Around The World In 80 Days.
Montefiore Investment agreed to put €50m into the company in staggered phases in 2021, to accelerate its international grow.
The rest of the privately-owned company is mainly in the hands of Breton.
The group employs some 250 staff across some 20 production labels based in Paris, L.A., Rome, London, Berlin, Cologne and Tel Aviv.
While other European production congloms have slowed down M&A activity in recent months, Federation has continued to acquire companies, such as recent additions Go-N Production, Quelle Aventure! and form alliances, announcing an accord with Eric Rochant’s Maui Entertainment ahead of MIPCOM.
Deadline has contacted Federation Studios for comment on the report.
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Unscripted streamer Curiosity has appointed Ludo Dufour to the new role of Vice President of Licensing.
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