(AOF) – Targetspot SA announces the effective completion (“closing”) of the sale to Azerion Tech Holding BV of its digital audio activity (Targetspot and Shoutcast division), housed within its subsidiary Radionomy Group BV This effective completion took place on December 23, 2022. It follows the approval of the operation by the shareholders of Targetspot SA, meeting in an extraordinary general meeting on December 9. An updated summary of the terms and conditions of the transaction is available on the Targetspot SA website at investors.targetspot.com.
The Targetspot division, an AdTech specialized in the monetization of digital audio, generated in the first half of 2022 a turnover of 13.4 million euros for an EBITDA of 0.5 million euros.
The sale of this activity is a major step for Targetspot SA, which will detail in January 2023 the development prospects and ambitions of its new scope refocused on the Winamp subsidiary.
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Sector analysis Communication and Media
French players well positioned in audiovisual production
Among the independent players, the Frenchman Banijay is the world leader with an expected turnover of 3 billion euros in 2022 in a market which represents 100 billion in revenue. Mediawan (backed by the KKR fund), whose turnover amounts to 1 billion euros, is the other main French player in the sector. The market is still very fragmented because according to the European Audiovisual Observatory, the top twenty production groups were responsible for only 38% of titles created in 2020. However, experts believe that the sector has entered a phase consolidation. Thus Banijay’s stock market listing aims to enable it to better participate in this movement.