(AOF) – Walt Disney, whose title fell 0.6% in pre-market, should according to information reported by Bloomberg, reduce its offer on its video on demand service. In addition, the group’s employees learned via an email that the company will abandon a project to build a campus in Florida worth nearly a billion dollars. Yesterday, Walt Disney also announced the closure in September of its luxury hotel on the theme of the “Star Wars” saga located in Orlando. An establishment that had opened less than two years ago.
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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.